HM Payson & Co. Cuts Stake in SPDR Gold Shares (NYSEARCA:GLD)

HM Payson & Co. cut its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 11.5% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,620 shares of the exchange traded fund’s stock after selling 600 shares during the period. HM Payson & Co.’s holdings in SPDR Gold Shares were worth $950,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. KG&L Capital Management LLC grew its stake in SPDR Gold Shares by 2.2% in the first quarter. KG&L Capital Management LLC now owns 2,205 shares of the exchange traded fund’s stock worth $454,000 after purchasing an additional 48 shares in the last quarter. Signaturefd LLC grew its stake in SPDR Gold Shares by 0.4% in the first quarter. Signaturefd LLC now owns 12,803 shares of the exchange traded fund’s stock worth $2,634,000 after purchasing an additional 49 shares in the last quarter. American National Bank grew its stake in SPDR Gold Shares by 50.0% in the first quarter. American National Bank now owns 150 shares of the exchange traded fund’s stock worth $31,000 after purchasing an additional 50 shares in the last quarter. Camden National Bank grew its stake in SPDR Gold Shares by 1.4% in the first quarter. Camden National Bank now owns 3,739 shares of the exchange traded fund’s stock worth $769,000 after purchasing an additional 50 shares in the last quarter. Finally, Hengehold Capital Management LLC grew its stake in SPDR Gold Shares by 3.9% in the first quarter. Hengehold Capital Management LLC now owns 1,340 shares of the exchange traded fund’s stock worth $276,000 after purchasing an additional 50 shares in the last quarter. 42.19% of the stock is currently owned by institutional investors and hedge funds.

SPDR Gold Shares Stock Performance

GLD stock traded down $0.43 during midday trading on Friday, reaching $225.34. The company had a trading volume of 11,109,387 shares, compared to its average volume of 6,606,000. The stock has a 50 day moving average price of $218.58 and a 200 day moving average price of $208.48. SPDR Gold Shares has a fifty-two week low of $168.30 and a fifty-two week high of $229.65.

SPDR Gold Shares 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).