SPDR Gold Shares $GLD Shares Sold by SBI Securities Co. Ltd.

SBI Securities Co. Ltd. cut its stake in SPDR Gold Shares (NYSEARCA:GLD) by 20.8% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 61,351 shares of the exchange traded fund’s stock after selling 16,144 shares during the period. SBI Securities Co. Ltd.’s holdings in SPDR Gold Shares were worth $18,702,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of GLD. Raymond James Financial Inc. raised its holdings in SPDR Gold Shares by 11.0% during the first quarter. Raymond James Financial Inc. now owns 2,063,634 shares of the exchange traded fund’s stock worth $594,616,000 after purchasing an additional 204,676 shares during the last quarter. Ameriprise Financial Inc. grew its holdings in SPDR Gold Shares by 12.2% in the first quarter. Ameriprise Financial Inc. now owns 1,556,698 shares of the exchange traded fund’s stock valued at $450,902,000 after purchasing an additional 169,005 shares during the last quarter. 59 North Capital Management LP increased its position in shares of SPDR Gold Shares by 76.4% in the first quarter. 59 North Capital Management LP now owns 1,263,196 shares of the exchange traded fund’s stock valued at $363,977,000 after buying an additional 547,018 shares in the last quarter. Commonwealth Equity Services LLC raised its stake in shares of SPDR Gold Shares by 16.5% during the 1st quarter. Commonwealth Equity Services LLC now owns 1,141,703 shares of the exchange traded fund’s stock worth $328,970,000 after buying an additional 161,638 shares during the last quarter. Finally, Cetera Investment Advisers raised its stake in shares of SPDR Gold Shares by 15.0% during the 1st quarter. Cetera Investment Advisers now owns 821,760 shares of the exchange traded fund’s stock worth $236,782,000 after buying an additional 107,469 shares during the last quarter. 42.19% of the stock is currently owned by institutional investors and hedge funds.

SPDR Gold Shares Trading Up 0.4%

Shares of NYSEARCA GLD opened at $379.87 on Wednesday. The company’s 50-day moving average price is $359.18 and its 200 day moving average price is $325.86. SPDR Gold Shares has a 52 week low of $236.13 and a 52 week high of $403.30. The stock has a market cap of $137.47 billion, a price-to-earnings ratio of -32.43 and a beta of 0.09.

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).