Hancock Whitney Corp Cuts Stock Position in SPDR Gold Shares (NYSEARCA:GLD)

Hancock Whitney Corp cut its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 0.6% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 191,962 shares of the exchange traded fund’s stock after selling 1,182 shares during the quarter. SPDR Gold Shares makes up 1.4% of Hancock Whitney Corp’s investment portfolio, making the stock its 12th largest holding. Hancock Whitney Corp owned 0.07% of SPDR Gold Shares worth $41,274,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in GLD. Ballast Inc. increased its holdings in SPDR Gold Shares by 3.6% during the 2nd quarter. Ballast Inc. now owns 1,295 shares of the exchange traded fund’s stock valued at $278,000 after purchasing an additional 45 shares during the period. Burkett Financial Services LLC increased its stake in shares of SPDR Gold Shares by 9.9% during the second quarter. Burkett Financial Services LLC now owns 512 shares of the exchange traded fund’s stock valued at $110,000 after buying an additional 46 shares during the period. CCG Wealth Management LLC increased its stake in shares of SPDR Gold Shares by 1.2% during the second quarter. CCG Wealth Management LLC now owns 4,001 shares of the exchange traded fund’s stock valued at $860,000 after buying an additional 46 shares during the period. Apollon Financial LLC raised its holdings in shares of SPDR Gold Shares by 1.7% during the second quarter. Apollon Financial LLC now owns 2,809 shares of the exchange traded fund’s stock valued at $604,000 after acquiring an additional 47 shares in the last quarter. Finally, KG&L Capital Management LLC boosted its holdings in SPDR Gold Shares by 2.2% in the first quarter. KG&L Capital Management LLC now owns 2,205 shares of the exchange traded fund’s stock valued at $454,000 after acquiring an additional 48 shares in the last quarter. 42.19% of the stock is currently owned by institutional investors.

SPDR Gold Shares Trading Up 1.3 %

Shares of NYSEARCA GLD opened at $242.21 on Friday. SPDR Gold Shares has a 1 year low of $168.30 and a 1 year high of $242.63. The company’s 50-day moving average is $228.91 and its 200 day moving average is $218.86.

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).