Fundamentun LLC trimmed its position in SPDR Gold Shares (NYSEARCA:GLD – Get Rating) by 25.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,250 shares of the exchange traded fund’s stock after selling 421 shares during the period. Fundamentun LLC’s holdings in SPDR Gold Shares were worth $212,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of GLD. Toronto Dominion Bank boosted its holdings in SPDR Gold Shares by 83.0% in the 3rd quarter. Toronto Dominion Bank now owns 3,095,139 shares of the exchange traded fund’s stock worth $478,711,000 after buying an additional 1,403,492 shares during the last quarter. State Street Corp lifted its stake in SPDR Gold Shares by 256.0% in the 1st quarter. State Street Corp now owns 1,142,717 shares of the exchange traded fund’s stock worth $206,432,000 after purchasing an additional 821,773 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in SPDR Gold Shares by 80.3% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,410,116 shares of the exchange traded fund’s stock worth $237,547,000 after purchasing an additional 628,188 shares in the last quarter. Virtu Financial LLC purchased a new position in SPDR Gold Shares in the 1st quarter worth approximately $100,880,000. Finally, Wellington Management Group LLP lifted its stake in SPDR Gold Shares by 134.7% in the 1st quarter. Wellington Management Group LLP now owns 934,636 shares of the exchange traded fund’s stock worth $168,842,000 after purchasing an additional 536,327 shares in the last quarter. 37.94% of the stock is currently owned by institutional investors and hedge funds.
SPDR Gold Shares Trading Up 2.9 %
GLD traded up $5.20 during trading on Friday, reaching $183.77. The company’s stock had a trading volume of 24,156,266 shares, compared to its average volume of 7,359,807. The firm has a fifty day simple moving average of $174.78 and a two-hundred day simple moving average of $165.58. SPDR Gold Shares has a 1 year low of $150.57 and a 1 year high of $186.10.
About SPDR Gold Shares
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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