WASHINGTON TRUST Co Sells 150 Shares of SPDR Gold Shares (NYSEARCA:GLD)

WASHINGTON TRUST Co trimmed its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 3.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,558 shares of the exchange traded fund’s stock after selling 150 shares during the period. WASHINGTON TRUST Co’s holdings in SPDR Gold Shares were worth $980,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Frazier Financial Advisors LLC purchased a new stake in shares of SPDR Gold Shares during the fourth quarter worth $26,000. Northwest Investment Counselors LLC purchased a new stake in shares of SPDR Gold Shares during the first quarter worth $26,000. Gold Investment Management Ltd. purchased a new stake in shares of SPDR Gold Shares during the fourth quarter worth $27,000. Security National Bank purchased a new stake in shares of SPDR Gold Shares in the first quarter worth $28,000. Finally, Naples Money Management LLC purchased a new stake in shares of SPDR Gold Shares in the fourth quarter worth $31,000. 42.19% of the stock is owned by institutional investors.

SPDR Gold Shares Trading Down 0.2 %

Shares of GLD stock traded down $0.42 on Tuesday, reaching $227.99. The company’s stock had a trading volume of 4,566,099 shares, compared to its average volume of 7,208,042. 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 $219.41 and its 200-day simple moving average is $210.17.

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).