Montecito Bank & Trust Invests $1.93 Million in SPDR Gold Shares $GLD

by · The Markets Daily

Montecito Bank & Trust purchased a new position in shares of SPDR Gold Shares (NYSEARCA:GLD – Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 5,426 shares of the exchange traded fund’s stock, valued at approximately $1,929,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in GLD. TPG Advisors LLC boosted its position in shares of SPDR Gold Shares by 2.6% in the second quarter. TPG Advisors LLC now owns 1,291 shares of the exchange traded fund’s stock valued at $394,000 after acquiring an additional 33 shares during the period. Tsfg LLC raised its stake in SPDR Gold Shares by 0.9% in the 2nd quarter. Tsfg LLC now owns 3,623 shares of the exchange traded fund’s stock worth $1,104,000 after purchasing an additional 33 shares in the last quarter. Seeds Investor LLC boosted its holdings in SPDR Gold Shares by 3.5% in the 2nd quarter. Seeds Investor LLC now owns 976 shares of the exchange traded fund’s stock valued at $298,000 after purchasing an additional 33 shares during the period. Helen Stephens Group LLC boosted its holdings in SPDR Gold Shares by 2.0% in the 3rd quarter. Helen Stephens Group LLC now owns 1,721 shares of the exchange traded fund’s stock valued at $612,000 after purchasing an additional 33 shares during the period. Finally, Mather Group LLC. grew its position in shares of SPDR Gold Shares by 1.8% during the 2nd quarter. Mather Group LLC. now owns 1,946 shares of the exchange traded fund’s stock worth $593,000 after purchasing an additional 34 shares in the last quarter. 42.19% of the stock is owned by institutional investors and hedge funds.

SPDR Gold Shares Trading Up 0.9%

Shares of GLD opened at $399.29 on Thursday. SPDR Gold Shares has a 12 month low of $238.73 and a 12 month high of $403.30. The firm’s 50 day moving average is $380.23 and its 200-day moving average is $340.49. The stock has a market capitalization of $144.50 billion, a PE ratio of -32.43 and a beta of 0.09.

About SPDR Gold Shares

(Free Report)

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).

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