1ST Source Bank Lowers Stock Position in SPDR Gold Shares (NYSEARCA:GLD)

1ST Source Bank trimmed its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 0.6% in the second quarter, Holdings Channel reports. The firm owned 10,686 shares of the exchange traded fund’s stock after selling 64 shares during the period. 1ST Source Bank’s holdings in SPDR Gold Shares were worth $2,298,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in GLD. Triad Wealth Partners LLC purchased a new stake in SPDR Gold Shares during the 2nd quarter worth $25,000. Frazier Financial Advisors LLC purchased a new stake in SPDR Gold Shares during the 4th quarter worth $26,000. Northwest Investment Counselors LLC purchased a new stake in SPDR Gold Shares during the 1st quarter worth $26,000. Gold Investment Management Ltd. purchased a new stake in SPDR Gold Shares during the 4th quarter worth $27,000. Finally, Private Ocean LLC boosted its position in SPDR Gold Shares by 155.1% during the 2nd quarter. Private Ocean LLC now owns 125 shares of the exchange traded fund’s stock worth $27,000 after purchasing an additional 76 shares during the period. 42.19% of the stock is owned by hedge funds and other institutional investors.

SPDR Gold Shares Trading Up 1.0 %

Shares of GLD stock opened at $238.67 on Friday. SPDR Gold Shares has a 12 month low of $168.30 and a 12 month high of $238.98. The company’s fifty day moving average price is $227.10 and its two-hundred day moving average price is $217.20.

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).