Texas Bank & Trust Co Has $3.94 Million Position in SPDR Gold Shares $GLD

Texas Bank & Trust Co cut its stake in SPDR Gold Shares (NYSEARCA:GLD) by 12.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 12,910 shares of the exchange traded fund’s stock after selling 1,788 shares during the quarter. SPDR Gold Shares makes up 1.6% of Texas Bank & Trust Co’s portfolio, making the stock its 12th biggest holding. Texas Bank & Trust Co’s holdings in SPDR Gold Shares were worth $3,935,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. MJT & Associates Financial Advisory Group Inc. acquired a new position in SPDR Gold Shares in the 1st quarter worth about $30,000. Stone House Investment Management LLC bought a new stake in shares of SPDR Gold Shares in the 1st quarter valued at approximately $34,000. Legacy Wealth Managment LLC ID grew its stake in shares of SPDR Gold Shares by 51.1% in the 1st quarter. Legacy Wealth Managment LLC ID now owns 136 shares of the exchange traded fund’s stock valued at $39,000 after buying an additional 46 shares in the last quarter. First Command Advisory Services Inc. acquired a new position in SPDR Gold Shares in the second quarter worth approximately $43,000. Finally, Signature Resources Capital Management LLC raised its position in SPDR Gold Shares by 146.7% during the second quarter. Signature Resources Capital Management LLC now owns 185 shares of the exchange traded fund’s stock valued at $56,000 after acquiring an additional 110 shares in the last quarter. 42.19% of the stock is currently owned by hedge funds and other institutional investors.

SPDR Gold Shares Stock Down 0.5%

NYSEARCA GLD opened at $368.12 on Monday. The stock has a market capitalization of $133.22 billion, a PE ratio of -32.43 and a beta of 0.09. SPDR Gold Shares has a 12-month low of $236.13 and a 12-month high of $403.30. The company has a 50 day moving average price of $351.61 and a two-hundred day moving average price of $322.80.

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).