First Hawaiian Bank Decreases Stake in SPDR Gold Shares (NYSEARCA:GLD)

First Hawaiian Bank cut its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 9.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,308 shares of the exchange traded fund’s stock after selling 136 shares during the quarter. First Hawaiian Bank’s holdings in SPDR Gold Shares were worth $281,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently modified their holdings of GLD. Toronto Dominion Bank grew its holdings in SPDR Gold Shares by 23.6% during the 1st quarter. Toronto Dominion Bank now owns 5,649,510 shares of the exchange traded fund’s stock valued at $1,162,217,000 after buying an additional 1,079,452 shares in the last quarter. Scarborough Advisors LLC lifted its stake in SPDR Gold Shares by 10,133.3% in the 4th quarter. Scarborough Advisors LLC now owns 2,662,393 shares of the exchange traded fund’s stock worth $508,970,000 after purchasing an additional 2,636,376 shares in the last quarter. Commonwealth Equity Services LLC boosted its holdings in SPDR Gold Shares by 4.7% in the 4th quarter. Commonwealth Equity Services LLC now owns 1,054,867 shares of the exchange traded fund’s stock valued at $201,659,000 after purchasing an additional 47,681 shares during the period. Raymond James & Associates grew its position in shares of SPDR Gold Shares by 2.8% during the 1st quarter. Raymond James & Associates now owns 868,088 shares of the exchange traded fund’s stock valued at $178,583,000 after purchasing an additional 23,468 shares in the last quarter. Finally, Stifel Financial Corp increased its holdings in shares of SPDR Gold Shares by 2.7% in the fourth quarter. Stifel Financial Corp now owns 793,569 shares of the exchange traded fund’s stock worth $151,707,000 after purchasing an additional 21,108 shares during the period. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Trading Down 0.7 %

Shares of GLD stock traded down $1.45 on Tuesday, reaching $221.03. The company’s stock had a trading volume of 9,048,187 shares, compared to its average volume of 7,238,330. SPDR Gold Shares has a 12-month low of $168.30 and a 12-month high of $229.65. The stock’s 50 day simple moving average is $218.71 and its 200-day simple moving average is $208.89.

About SPDR Gold Shares

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).