M&T Bank Corp cut its stake in SPDR Gold Shares (NYSEARCA:GLD) by 0.3% during the 2nd quarter, HoldingsChannel reports. The fund owned 65,943 shares of the exchange traded fund’s stock after selling 218 shares during the period. M&T Bank Corp’s holdings in SPDR Gold Shares were worth $11,037,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Morgan Stanley increased its position in shares of SPDR Gold Shares by 39.8% in the 1st quarter. Morgan Stanley now owns 9,542,061 shares of the exchange traded fund’s stock worth $1,412,702,000 after purchasing an additional 2,714,243 shares during the last quarter. BlackRock Inc. raised its stake in SPDR Gold Shares by 210.3% during the first quarter. BlackRock Inc. now owns 7,954,239 shares of the exchange traded fund’s stock valued at $1,177,625,000 after buying an additional 5,390,754 shares in the last quarter. Advisor Group Holdings Inc. bought a new position in SPDR Gold Shares during the 1st quarter worth approximately $110,936,000. Mackenzie Financial Corp lifted its holdings in SPDR Gold Shares by 31.2% during the 1st quarter. Mackenzie Financial Corp now owns 2,740,069 shares of the exchange traded fund’s stock worth $405,667,000 after buying an additional 651,842 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its position in shares of SPDR Gold Shares by 252.3% in the 1st quarter. Bank of New York Mellon Corp now owns 1,246,409 shares of the exchange traded fund’s stock worth $184,530,000 after acquiring an additional 892,603 shares in the last quarter.
GLD stock opened at $185.43 on Friday. The stock’s 50 day simple moving average is $169.32 and its 200 day simple moving average is $158.04. SPDR Gold Shares has a 12-month low of $132.30 and a 12-month high of $186.14.
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).
Featured Story: What is the CAC 40 Index
Want to see what other hedge funds are holding GLD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SPDR Gold Shares (NYSEARCA:GLD).
Receive News & Ratings for SPDR Gold Shares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SPDR Gold Shares and related companies with MarketBeat.com's FREE daily email newsletter.