US Bancorp DE Boosts Stake in SPDR Gold Shares (NYSEARCA:GLD)

US Bancorp DE boosted its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 0.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 695,118 shares of the exchange traded fund’s stock after purchasing an additional 3,470 shares during the period. US Bancorp DE owned approximately 0.23% of SPDR Gold Shares worth $168,309,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of GLD. Golden State Equity Partners acquired a new position in shares of SPDR Gold Shares in the third quarter valued at approximately $220,000. Pinnacle Associates Ltd. grew its holdings in shares of SPDR Gold Shares by 0.5% in the third quarter. Pinnacle Associates Ltd. now owns 11,485 shares of the exchange traded fund’s stock valued at $2,792,000 after purchasing an additional 60 shares in the last quarter. Diversify Wealth Management LLC acquired a new position in shares of SPDR Gold Shares in the third quarter valued at approximately $632,000. Focus Financial Network Inc. grew its holdings in shares of SPDR Gold Shares by 8.1% in the third quarter. Focus Financial Network Inc. now owns 26,478 shares of the exchange traded fund’s stock valued at $6,436,000 after purchasing an additional 1,992 shares in the last quarter. Finally, Creative Financial Designs Inc. ADV grew its holdings in shares of SPDR Gold Shares by 14.5% in the third quarter. Creative Financial Designs Inc. ADV now owns 3,597 shares of the exchange traded fund’s stock valued at $874,000 after purchasing an additional 456 shares in the last quarter. 42.19% of the stock is owned by hedge funds and other institutional investors.

SPDR Gold Shares Stock Performance

Shares of GLD stock opened at $263.27 on Friday. The stock has a market capitalization of $79.14 billion, a P/E ratio of -28.59 and a beta of 0.20. The company has a 50 day moving average price of $255.57 and a 200 day moving average price of $246.68. SPDR Gold Shares has a fifty-two week low of $189.23 and a fifty-two week high of $272.32.

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).