Westchester Capital Management Inc. lowered its stake in shares of SPDR Gold Trust (NYSEARCA:GLD) by 50.0% during the second quarter, Holdings Channel reports. The firm owned 1,000 shares of the exchange traded fund’s stock after selling 1,000 shares during the period. SPDR Gold Trust comprises 0.1% of Westchester Capital Management Inc.’s holdings, making the stock its 28th largest position. Westchester Capital Management Inc.’s holdings in SPDR Gold Trust were worth $118,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of GLD. Courage Miller Partners LLC purchased a new stake in SPDR Gold Trust during the second quarter valued at about $203,000. ST Germain D J Co. Inc. purchased a new stake in SPDR Gold Trust during the second quarter valued at about $204,000. Clarkston Capital Partners LLC purchased a new stake in SPDR Gold Trust during the second quarter valued at about $215,000. Kanawha Capital Management LLC boosted its stake 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 purchased a new stake in SPDR Gold Trust during the second quarter valued at about $246,000.

Shares of SPDR Gold Trust (NYSEARCA:GLD) opened at 122.79 on Friday. The firm’s 50 day moving average is $118.66 and its 200 day moving average is $118.57. SPDR Gold Trust has a 1-year low of $107.00 and a 1-year high of $129.17.

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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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