Oakworth Capital Inc. Acquires 897 Shares of SPDR Gold Shares (NYSEARCA:GLD)

Oakworth Capital Inc. lifted its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 0.7% during the fourth quarter, HoldingsChannel reports. The firm owned 130,977 shares of the exchange traded fund’s stock after purchasing an additional 897 shares during the period. SPDR Gold Shares comprises 2.2% of Oakworth Capital Inc.’s investment portfolio, making the stock its 14th biggest position. Oakworth Capital Inc.’s holdings in SPDR Gold Shares were worth $31,713,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. McHugh Group LLC bought a new position in SPDR Gold Shares during the fourth quarter valued at about $2,057,000. Buck Wealth Strategies LLC increased its stake in SPDR Gold Shares by 59.0% during the fourth quarter. Buck Wealth Strategies LLC now owns 41,809 shares of the exchange traded fund’s stock valued at $10,123,000 after acquiring an additional 15,511 shares during the period. Financial Advocates Investment Management increased its stake in SPDR Gold Shares by 1.0% during the fourth quarter. Financial Advocates Investment Management now owns 62,354 shares of the exchange traded fund’s stock valued at $15,098,000 after acquiring an additional 631 shares during the period. Private Wealth Management Group LLC bought a new position in SPDR Gold Shares during the fourth quarter valued at about $155,000. Finally, Centennial Wealth Advisory LLC increased its stake in SPDR Gold Shares by 0.8% during the fourth quarter. Centennial Wealth Advisory LLC now owns 8,464 shares of the exchange traded fund’s stock valued at $2,049,000 after acquiring an additional 69 shares during the period. 42.19% of the stock is currently owned by institutional investors.

SPDR Gold Shares Stock Up 0.6 %

NYSEARCA GLD opened at $264.13 on Thursday. The stock’s 50 day moving average is $247.54 and its two-hundred day moving average is $241.49. SPDR Gold Shares has a 1-year low of $183.78 and a 1-year high of $265.99.

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).