Sarasin & Partners LLP lowered its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD – Free Report) by 10.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 68,184 shares of the exchange traded fund’s stock after selling 7,679 shares during the period. Sarasin & Partners LLP’s holdings in SPDR Gold Shares were worth $14,660,000 at the end of the most recent reporting period.
Several other hedge funds have also bought and sold shares of the business. Triad Wealth Partners LLC purchased a new position in SPDR Gold Shares in the second quarter worth about $25,000. Frazier Financial Advisors LLC bought a new stake in SPDR Gold Shares in the 4th quarter worth about $26,000. Northwest Investment Counselors LLC purchased a new position in SPDR Gold Shares in the 1st quarter worth about $26,000. Gold Investment Management Ltd. bought a new position in SPDR Gold Shares during the 4th quarter valued at about $27,000. Finally, Security National Bank purchased a new stake in SPDR Gold Shares in the first quarter worth approximately $28,000. Institutional investors own 42.19% of the company’s stock.
SPDR Gold Shares Price Performance
Shares of NYSEARCA GLD traded up $5.08 during midday trading on Friday, hitting $231.99. 11,924,536 shares of the company’s stock traded hands, compared to its average volume of 7,228,174. SPDR Gold Shares has a 1 year low of $168.30 and a 1 year high of $232.02. The firm has a fifty day moving average of $220.39 and a 200 day moving average of $211.30.
SPDR Gold Shares 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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