Busey Bank Has $988,000 Stock Position in SPDR Gold Shares (NYSEARCA:GLD)

Busey Bank raised its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 5.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,079 shares of the exchange traded fund’s stock after purchasing an additional 207 shares during the period. Busey Bank’s holdings in SPDR Gold Shares were worth $988,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Sanctuary Advisors LLC acquired a new stake in SPDR Gold Shares in the second quarter valued at approximately $15,135,000. Centaurus Financial Inc. boosted its holdings in shares of SPDR Gold Shares by 10.1% during the 2nd quarter. Centaurus Financial Inc. now owns 39,597 shares of the exchange traded fund’s stock valued at $8,514,000 after acquiring an additional 3,630 shares in the last quarter. Paragon Capital Management Inc. bought a new stake in SPDR Gold Shares during the 2nd quarter worth $200,000. Bridge Advisory LLC acquired a new position in SPDR Gold Shares in the 3rd quarter worth about $1,521,000. Finally, M&R Capital Management Inc. grew its holdings in shares of SPDR Gold Shares by 4.2% during the third quarter. M&R Capital Management Inc. now owns 2,470 shares of the exchange traded fund’s stock worth $600,000 after purchasing an additional 100 shares during the last quarter. 42.19% of the stock is currently owned by institutional investors.

SPDR Gold Shares Trading Up 1.5 %

NYSEARCA:GLD opened at $258.05 on Friday. SPDR Gold Shares has a one year low of $183.78 and a one year high of $258.29. The firm’s 50 day simple moving average is $245.98 and its 200 day simple moving average is $240.26.

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).