Sumitomo Mitsui Trust Group Inc. Has $37.16 Million Stock Position in SPDR Gold Shares $GLD

Sumitomo Mitsui Trust Group Inc. grew its position in SPDR Gold Shares (NYSEARCA:GLDFree Report) by 11.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 104,535 shares of the exchange traded fund’s stock after acquiring an additional 11,080 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in SPDR Gold Shares were worth $37,159,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Chapman Financial Group LLC bought a new position in SPDR Gold Shares in the second quarter worth $26,000. Steigerwald Gordon & Koch Inc. bought a new stake in SPDR Gold Shares in the 3rd quarter valued at $31,000. Traub Capital Management LLC acquired a new position in shares of SPDR Gold Shares in the 2nd quarter valued at $34,000. Kilter Group LLC bought a new position in shares of SPDR Gold Shares during the 2nd quarter worth about $34,000. Finally, First Command Advisory Services Inc. bought a new position in shares of SPDR Gold Shares during the 2nd quarter worth about $43,000. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Down 0.5%

NYSEARCA GLD opened at $421.29 on Friday. The stock has a market cap of $158.24 billion, a P/E ratio of -32.43 and a beta of 0.09. The company’s 50-day simple moving average is $395.73 and its 200 day simple moving average is $355.72. SPDR Gold Shares has a twelve month low of $249.15 and a twelve month high of $426.86.

SPDR Gold Shares News Summary

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About SPDR Gold Shares

(Free Report)

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). The Trust issues Shares in Baskets to certain authorized participants (Authorized Participants) on an ongoing basis. The creation and redemption of Baskets is only made in exchange for the delivery to the Trust or the distribution by the Trust of the amount of gold and any cash represented by the Baskets being created or redeemed, the amount of which will be based on the combined net asset value of various Shares included in the Baskets being created or redeemed determined on the day the order to create or redeem Baskets is properly received.

See Also

Institutional Ownership by Quarter for SPDR Gold Shares (NYSEARCA:GLD)

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