Sumitomo Mitsui Trust Holdings Inc. Reduces Stock Holdings in SPDR Gold Shares (NYSEARCA:GLD)

Sumitomo Mitsui Trust Holdings Inc. lowered its position in SPDR Gold Shares (NYSEARCA:GLD) by 6.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 447,695 shares of the exchange traded fund’s stock after selling 29,965 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc. owned about 0.15% of SPDR Gold Shares worth $85,586,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. First Personal Financial Services acquired a new position in SPDR Gold Shares in the fourth quarter valued at about $25,000. Johnson Midwest Financial LLC lifted its position in SPDR Gold Shares by 350.0% in the third quarter. Johnson Midwest Financial LLC now owns 180 shares of the exchange traded fund’s stock valued at $31,000 after buying an additional 140 shares during the last quarter. Private Ocean LLC lifted its position in SPDR Gold Shares by 232.7% in the fourth quarter. Private Ocean LLC now owns 163 shares of the exchange traded fund’s stock valued at $31,000 after buying an additional 114 shares during the last quarter. First Command Advisory Services Inc. acquired a new position in SPDR Gold Shares in the third quarter valued at about $34,000. Finally, Worth Asset Management LLC acquired a new position in SPDR Gold Shares in the first quarter valued at about $36,000. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

Shares of GLD stock opened at $219.59 on Thursday. SPDR Gold Shares has a fifty-two week low of $168.30 and a fifty-two week high of $225.09. The company has a 50 day moving average price of $200.25 and a 200 day moving average price of $190.27.

SPDR Gold Shares 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).