Regal Investment Advisors LLC cut its position in SPDR Gold Trust (NYSEARCA:GLD) by 14.8% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 9,530 shares of the exchange traded fund’s stock after selling 1,655 shares during the period. Regal Investment Advisors LLC’s holdings in SPDR Gold Trust were worth $1,178,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. CI Investments Inc. boosted its holdings in SPDR Gold Trust by 169.0% in the fourth quarter. CI Investments Inc. now owns 3,898,629 shares of the exchange traded fund’s stock valued at $482,065,000 after purchasing an additional 2,449,200 shares during the period. First Eagle Investment Management LLC boosted its holdings in SPDR Gold Trust by 17.3% in the third quarter. First Eagle Investment Management LLC now owns 6,299,803 shares of the exchange traded fund’s stock valued at $765,930,000 after purchasing an additional 928,321 shares during the period. Sumitomo Mitsui Trust Holdings Inc. boosted its holdings in SPDR Gold Trust by 58.1% in the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,273,616 shares of the exchange traded fund’s stock valued at $281,133,000 after purchasing an additional 835,900 shares during the period. Point72 Asset Management L.P. boosted its holdings in SPDR Gold Trust by 106.0% in the third quarter. Point72 Asset Management L.P. now owns 24,000 shares of the exchange traded fund’s stock valued at $2,918,000 after purchasing an additional 424,000 shares during the period. Finally, Flow Traders U.S. LLC boosted its holdings in SPDR Gold Trust by 6,385.5% in the third quarter. Flow Traders U.S. LLC now owns 306,633 shares of the exchange traded fund’s stock valued at $37,280,000 after purchasing an additional 301,905 shares during the period.

Separately, Standpoint Research lifted their target price on SPDR Gold Trust to $28,000.00 in a report on Thursday, December 7th.

SPDR Gold Trust (GLD) opened at $124.98 on Friday. The stock has a market capitalization of $35,620.00 and a price-to-earnings ratio of -14.37. SPDR Gold Trust has a fifty-two week low of $114.02 and a fifty-two week high of $129.51.

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SPDR Gold Trust 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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