First Mercantile Trust Co. reduced its stake in SPDR Gold Trust (NYSEARCA:GLD) by 43.8% during the second quarter, Holdings Channel reports. The fund owned 11,554 shares of the exchange traded fund’s stock after selling 9,016 shares during the period. First Mercantile Trust Co.’s holdings in SPDR Gold Trust were worth $1,364,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in GLD. CTC LLC increased its stake in SPDR Gold Trust by 206.9% in the second quarter. CTC LLC now owns 178,671 shares of the exchange traded fund’s stock valued at $21,140,000 after buying an additional 120,448 shares during the last quarter. Harbour Capital Advisors LLC increased its stake in SPDR Gold Trust by 3,178.3% in the second quarter. Harbour Capital Advisors LLC now owns 29,505 shares of the exchange traded fund’s stock valued at $250,000 after buying an additional 28,605 shares during the last quarter. Cullen Frost Bankers Inc. increased its stake in SPDR Gold Trust by 102.6% in the second quarter. Cullen Frost Bankers Inc. now owns 36,119 shares of the exchange traded fund’s stock valued at $4,263,000 after buying an additional 18,294 shares during the last quarter. Billeaud Capital Management Inc. increased its stake in SPDR Gold Trust by 6.2% in the second quarter. Billeaud Capital Management Inc. now owns 189,125 shares of the exchange traded fund’s stock valued at $22,320,000 after buying an additional 11,002 shares during the last quarter. Finally, K.J. Harrison & Partners Inc bought a new stake in SPDR Gold Trust during the second quarter valued at $1,204,000.

SPDR Gold Trust (NYSEARCA GLD) opened at 122.21 on Friday. SPDR Gold Trust has a 12-month low of $107.00 and a 12-month high of $129.26. The stock has a 50 day moving average of $118.55 and a 200 day moving average of $118.52. SPDR Gold Trust also was the target of unusually large options trading activity on Wednesday. Traders acquired 73,509 call options on the stock. This is an increase of approximately 130% compared to the typical daily volume of 31,916 call options.

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About SPDR Gold Trust

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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