Sanibel Captiva Trust Company Inc. Grows Stake in SPDR Gold Shares (NYSEARCA:GLD)

Sanibel Captiva Trust Company Inc. lifted its position in SPDR Gold Shares (NYSEARCA:GLD) by 10.0% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 5,037 shares of the exchange traded fund’s stock after purchasing an additional 456 shares during the period. Sanibel Captiva Trust Company Inc.’s holdings in SPDR Gold Shares were worth $1,220,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of GLD. Semmax Financial Advisors Inc. boosted its stake in shares of SPDR Gold Shares by 78.7% in the 2nd quarter. Semmax Financial Advisors Inc. now owns 109 shares of the exchange traded fund’s stock worth $25,000 after buying an additional 48 shares during the last quarter. Ashton Thomas Securities LLC purchased a new position in SPDR Gold Shares during the third quarter valued at $28,000. Capital Performance Advisors LLP purchased a new position in SPDR Gold Shares during the third quarter valued at $35,000. Pittenger & Anderson Inc. purchased a new position in SPDR Gold Shares during the third quarter valued at $38,000. Finally, Sugarloaf Wealth Management LLC lifted its position in SPDR Gold Shares by 78.9% during the third quarter. Sugarloaf Wealth Management LLC now owns 161 shares of the exchange traded fund’s stock valued at $39,000 after purchasing an additional 71 shares in the last quarter. 42.19% of the stock is currently owned by hedge funds and other institutional investors.

SPDR Gold Shares Trading Down 0.5 %

NYSEARCA GLD opened at $249.27 on Friday. The business’s fifty day moving average is $243.85 and its 200 day moving average is $238.21. SPDR Gold Shares has a fifty-two week low of $183.78 and a fifty-two week high of $257.71.

SPDR Gold Shares Profile

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).