Hancock Whitney Corp Sells 1,182 Shares of SPDR Gold Shares (NYSEARCA:GLD)

Hancock Whitney Corp decreased its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 0.6% in the second quarter, Holdings Channel.com reports. The firm owned 191,962 shares of the exchange traded fund’s stock after selling 1,182 shares during the period. SPDR Gold Shares comprises 1.4% of Hancock Whitney Corp’s portfolio, making the stock its 12th largest holding. Hancock Whitney Corp’s holdings in SPDR Gold Shares were worth $41,274,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Ballast Inc. raised its stake in shares of SPDR Gold Shares by 3.6% in the second quarter. Ballast Inc. now owns 1,295 shares of the exchange traded fund’s stock worth $278,000 after purchasing an additional 45 shares during the last quarter. Burkett Financial Services LLC boosted its position 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 last quarter. CCG Wealth Management LLC increased its holdings in SPDR Gold Shares by 1.2% in the 2nd quarter. CCG Wealth Management LLC now owns 4,001 shares of the exchange traded fund’s stock worth $860,000 after buying an additional 46 shares in the last quarter. Apollon Financial LLC raised its position in SPDR Gold Shares by 1.7% in the 2nd quarter. Apollon Financial LLC now owns 2,809 shares of the exchange traded fund’s stock worth $604,000 after buying an additional 47 shares during the last quarter. Finally, KG&L Capital Management LLC lifted its stake in SPDR Gold Shares by 2.2% during the 1st 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 during the period. 42.19% of the stock is currently owned by hedge funds and other institutional investors.

SPDR Gold Shares Stock Performance

Shares of GLD stock opened at $242.21 on Friday. The firm’s 50 day moving average is $228.91 and its 200 day moving average is $218.86. SPDR Gold Shares has a 12-month low of $168.30 and a 12-month high of $242.63.

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).