Coho Partners Ltd. trimmed its stake in shares of SPDR Gold Shares (NYSEARCA:GLD – Get Rating) by 8.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 66,226 shares of the exchange traded fund’s stock after selling 6,369 shares during the quarter. Coho Partners Ltd.’s holdings in SPDR Gold Shares were worth $11,235,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also bought and sold shares of the company. Sei Investments Co. purchased a new stake in shares of SPDR Gold Shares during the first quarter worth about $24,420,000. Covestor Ltd raised its position in SPDR Gold Shares by 69.4% during the 1st quarter. Covestor Ltd now owns 532 shares of the exchange traded fund’s stock valued at $96,000 after purchasing an additional 218 shares during the last quarter. Merit Financial Group LLC grew its position in shares of SPDR Gold Shares by 18.6% in the 1st quarter. Merit Financial Group LLC now owns 2,773 shares of the exchange traded fund’s stock worth $501,000 after buying an additional 435 shares during the last quarter. First Western Trust Bank bought a new stake in shares of SPDR Gold Shares in the 1st quarter worth approximately $256,000. Finally, Prudential Financial Inc. increased its stake in shares of SPDR Gold Shares by 32.5% during the first quarter. Prudential Financial Inc. now owns 36,898 shares of the exchange traded fund’s stock valued at $6,666,000 after buying an additional 9,049 shares during the period. 37.94% of the stock is owned by hedge funds and other institutional investors.
SPDR Gold Shares Stock Up 2.9 %
Shares of GLD stock opened at $183.77 on Friday. The stock has a fifty day moving average of $174.78 and a 200 day moving average of $165.58. SPDR Gold Shares has a 52 week low of $150.57 and a 52 week high of $186.10.
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).
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