Mechanics Bank Trust Department Has $893,000 Stock Holdings in SPDR Gold Shares (NYSEARCA:GLD)

Mechanics Bank Trust Department lessened its position in SPDR Gold Shares (NYSEARCA:GLD) by 2.7% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,340 shares of the exchange traded fund’s stock after selling 120 shares during the quarter. Mechanics Bank Trust Department’s holdings in SPDR Gold Shares were worth $893,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Evexia Wealth LLC increased its position in shares of SPDR Gold Shares by 36.6% during the 4th quarter. Evexia Wealth LLC now owns 4,672 shares of the exchange traded fund’s stock worth $881,000 after purchasing an additional 1,253 shares during the last quarter. TKG Advisors LLC increased its holdings in shares of SPDR Gold Shares by 0.7% during the 4th quarter. TKG Advisors LLC now owns 15,224 shares of the exchange traded fund’s stock worth $2,910,000 after acquiring an additional 110 shares during the last quarter. City Holding Co. increased its holdings in shares of SPDR Gold Shares by 5.6% during the 1st quarter. City Holding Co. now owns 3,708 shares of the exchange traded fund’s stock worth $763,000 after acquiring an additional 195 shares during the last quarter. Miracle Mile Advisors LLC increased its holdings in shares of SPDR Gold Shares by 33.8% during the 4th quarter. Miracle Mile Advisors LLC now owns 2,401 shares of the exchange traded fund’s stock worth $459,000 after acquiring an additional 607 shares during the last quarter. Finally, Ndwm LLC bought a new stake in SPDR Gold Shares in the 4th quarter valued at $546,000. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

GLD opened at $214.54 on Wednesday. The business has a fifty day simple moving average of $216.57 and a 200 day simple moving average of $202.31. SPDR Gold Shares has a 1 year low of $168.30 and a 1 year high of $225.66.

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).