German American Bancorp Inc. Decreases Stake in SPDR Gold Shares (NYSEARCA:GLD)

German American Bancorp Inc. cut its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 11.6% during the 3rd quarter, Holdings Channel.com reports. The firm owned 1,697 shares of the exchange traded fund’s stock after selling 223 shares during the quarter. German American Bancorp Inc.’s holdings in SPDR Gold Shares were worth $412,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. International Assets Investment Management LLC grew its stake in SPDR Gold Shares by 21,571.1% in the 3rd quarter. International Assets Investment Management LLC now owns 3,024,639 shares of the exchange traded fund’s stock valued at $735,169,000 after buying an additional 3,010,682 shares in the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of SPDR Gold Shares by 2.6% in the second quarter. Envestnet Asset Management Inc. now owns 1,128,933 shares of the exchange traded fund’s stock worth $242,732,000 after buying an additional 28,683 shares in the last quarter. Commonwealth Equity Services LLC boosted its position in shares of SPDR Gold Shares by 7.5% in the second quarter. Commonwealth Equity Services LLC now owns 1,007,710 shares of the exchange traded fund’s stock valued at $216,668,000 after acquiring an additional 70,290 shares during the period. Raymond James Financial Services Advisors Inc. boosted its position in shares of SPDR Gold Shares by 6.8% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 857,981 shares of the exchange traded fund’s stock valued at $184,474,000 after acquiring an additional 54,974 shares during the period. Finally, Arizona PSPRS Trust purchased a new position in SPDR Gold Shares during the second quarter valued at approximately $157,187,000. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Trading Up 0.6 %

NYSEARCA GLD opened at $244.62 on Thursday. SPDR Gold Shares has a 1 year low of $183.15 and a 1 year high of $257.71. The company’s 50 day simple moving average is $245.60 and its two-hundred day simple moving average is $230.15.

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).