Stearns Financial Services Group lowered its stake in SPDR Gold Trust (NYSEARCA:GLD) by 4.4% during the second quarter, Holdings Channel reports. The firm owned 3,419 shares of the exchange traded fund’s stock after selling 156 shares during the period. Stearns Financial Services Group’s holdings in SPDR Gold Trust were worth $404,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Courage Miller Partners LLC bought a new position in SPDR Gold Trust during the second quarter valued at approximately $203,000. ST Germain D J Co. Inc. bought a new position in SPDR Gold Trust during the second quarter valued at approximately $204,000. Clarkston Capital Partners LLC bought a new position in SPDR Gold Trust during the second quarter valued at approximately $215,000. Kanawha Capital Management LLC raised its position in SPDR Gold Trust by 6.8% in the second quarter. Kanawha Capital Management LLC now owns 1,955 shares of the exchange traded fund’s stock valued at $231,000 after buying an additional 125 shares in the last quarter. Finally, Meritage Portfolio Management bought a new position in SPDR Gold Trust during the second quarter valued at approximately $246,000.

SPDR Gold Trust (GLD) opened at 121.31 on Thursday. The stock’s 50 day moving average price is $118.45 and its 200 day moving average price is $118.49. SPDR Gold Trust has a 12-month low of $107.00 and a 12-month high of $129.26. SPDR Gold Trust also was the target of some unusual options trading on Wednesday. Traders bought 73,509 call options on the company. This is an increase of approximately 130% compared to the average volume of 31,916 call options.

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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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