Pinnacle Financial Partners Inc. increased its holdings in shares of SPDR Gold Trust (NYSEARCA:GLD) by 164.8% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 28,701 shares of the exchange traded fund’s stock after buying an additional 17,861 shares during the quarter. Pinnacle Financial Partners Inc.’s holdings in SPDR Gold Trust were worth $3,549,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in GLD. RPg Family Wealth Advisory LLC raised its position in SPDR Gold Trust by 118.9% in the third quarter. RPg Family Wealth Advisory LLC now owns 939 shares of the exchange traded fund’s stock valued at $114,000 after purchasing an additional 510 shares during the last quarter. Truepoint Inc. raised its position in shares of SPDR Gold Trust by 2,551.0% during the third quarter. Truepoint Inc. now owns 116,960 shares of the exchange traded fund’s stock worth $117,000 after acquiring an additional 112,548 shares during the last quarter. Field & Main Bank bought a new position in shares of SPDR Gold Trust during the fourth quarter worth about $127,000. Mandatum Life Insurance Co Ltd bought a new position in shares of SPDR Gold Trust during the fourth quarter worth about $133,000. Finally, First Dallas Securities Inc. bought a new position in shares of SPDR Gold Trust during the fourth quarter worth about $133,000.

SPDR Gold Trust (NYSEARCA GLD) opened at $125.37 on Tuesday. SPDR Gold Trust has a 1 year low of $114.02 and a 1 year high of $129.51. The stock has a market capitalization of $35,130.00 and a PE ratio of -14.41.

Separately, Standpoint Research raised their price objective on SPDR Gold Trust to $28,000.00 in a research report on Thursday, December 7th.

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SPDR Gold Trust Company 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).

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Institutional Ownership by Quarter for SPDR Gold Trust (NYSEARCA:GLD)

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