Sabal Trust CO Increases Stake in SPDR Gold Shares (NYSEARCA:GLD)

Sabal Trust CO lifted its position in SPDR Gold Shares (NYSEARCA:GLD) by 8.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,230 shares of the exchange traded fund’s stock after acquiring an additional 100 shares during the quarter. Sabal Trust CO’s holdings in SPDR Gold Shares were worth $264,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Canal Capital Management LLC raised its holdings in shares of SPDR Gold Shares by 60.5% in the second quarter. Canal Capital Management LLC now owns 4,551 shares of the exchange traded fund’s stock valued at $979,000 after acquiring an additional 1,716 shares in the last quarter. Americana Partners LLC raised its holdings in shares of SPDR Gold Shares by 4.2% in the second quarter. Americana Partners LLC now owns 8,582 shares of the exchange traded fund’s stock valued at $1,845,000 after acquiring an additional 349 shares in the last quarter. ESG Planning DBA Harper Investing raised its holdings in SPDR Gold Shares by 117.8% in the second quarter. ESG Planning DBA Harper Investing now owns 6,942 shares of the exchange traded fund’s stock worth $1,493,000 after purchasing an additional 3,755 shares in the last quarter. Jaffetilchin Investment Partners LLC raised its holdings in SPDR Gold Shares by 1.4% in the second quarter. Jaffetilchin Investment Partners LLC now owns 34,895 shares of the exchange traded fund’s stock worth $7,503,000 after purchasing an additional 470 shares in the last quarter. Finally, GGM Financials LLC bought a new position in SPDR Gold Shares in the second quarter worth about $390,000. 42.19% of the stock is currently owned by institutional investors.

SPDR Gold Shares Stock Performance

SPDR Gold Shares stock traded down $1.66 during trading hours on Friday, reaching $231.29. The stock had a trading volume of 5,742,963 shares, compared to its average volume of 7,122,871. The business’s 50 day moving average price is $223.79 and its 200-day moving average price is $214.01. SPDR Gold Shares has a 52 week low of $168.30 and a 52 week high of $234.01.

SPDR Gold Shares Company Profile

SPDR Gold Trust (the Trust) is an investment trust. The investment objective of the Trust is for the Shares to reflect the performance of the price of gold bullion, less the Trust’s expenses. The Trust’s business activity is the investment of gold. The Trust creates and redeems Shares from time to time, but in one or more Baskets (a Basket equals a block of 100,000 Shares).