Trustmark National Bank Trust Department trimmed its stake in shares of SPDR Gold Trust (NYSEARCA:GLD) by 25.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,603 shares of the exchange traded fund’s stock after selling 2,596 shares during the quarter. Trustmark National Bank Trust Department’s holdings in SPDR Gold Trust were worth $898,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in GLD. Blume Capital Management Inc. grew its stake in SPDR Gold Trust by 30.8% during the 2nd quarter. Blume Capital Management Inc. now owns 850 shares of the exchange traded fund’s stock worth $100,000 after purchasing an additional 200 shares in the last quarter. QCI Asset Management Inc. NY grew its stake in SPDR Gold Trust by 14.9% during the 2nd quarter. QCI Asset Management Inc. NY now owns 1,155 shares of the exchange traded fund’s stock worth $136,000 after purchasing an additional 150 shares in the last quarter. CI Global Investments Inc. acquired a new position in SPDR Gold Trust during the 2nd quarter worth $150,000. Cornerstone Advisory LLP acquired a new position in SPDR Gold Trust during the 2nd quarter worth $201,000. Finally, Wellesley Investment Partners LLC acquired a new position in SPDR Gold Trust during the 2nd quarter worth $202,000.
SPDR Gold Trust (NYSEARCA GLD) traded up 0.04% on Tuesday, hitting $124.41. The stock had a trading volume of 2,317,824 shares. SPDR Gold Trust has a one year low of $107.00 and a one year high of $128.32. The company’s 50-day moving average is $123.43 and its 200-day moving average is $119.96.
About SPDR Gold Trust
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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