Sumitomo Mitsui Trust Holdings Inc. Increases Position in SPDR Gold Trust (NYSEARCA:GLD)

Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in SPDR Gold Trust (NYSEARCA:GLD) by 58.1% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,273,616 shares of the exchange traded fund’s stock after buying an additional 835,900 shares during the period. Sumitomo Mitsui Trust Holdings Inc. owned approximately 0.80% of SPDR Gold Trust worth $281,133,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. First Eagle Investment Management LLC lifted its stake in SPDR Gold Trust by 17.3% in the third quarter. First Eagle Investment Management LLC now owns 6,299,803 shares of the exchange traded fund’s stock valued at $765,930,000 after purchasing an additional 928,321 shares during the last quarter. CI Investments Inc. raised its holdings in SPDR Gold Trust by 169.0% during the 4th quarter. CI Investments Inc. now owns 3,898,629 shares of the exchange traded fund’s stock valued at $482,065,000 after acquiring an additional 2,449,200 shares during the period. Envestnet Asset Management Inc. raised its holdings in SPDR Gold Trust by 13.3% during the 3rd quarter. Envestnet Asset Management Inc. now owns 581,721 shares of the exchange traded fund’s stock valued at $70,724,000 after acquiring an additional 68,407 shares during the period. Ameriprise Financial Inc. raised its holdings in SPDR Gold Trust by 1.4% during the 3rd quarter. Ameriprise Financial Inc. now owns 572,893 shares of the exchange traded fund’s stock valued at $69,507,000 after acquiring an additional 7,727 shares during the period. Finally, Adventist Health System Sunbelt Healthcare Corp raised its holdings in SPDR Gold Trust by 0.4% during the 3rd quarter. Adventist Health System Sunbelt Healthcare Corp now owns 497,776 shares of the exchange traded fund’s stock valued at $60,520,000 after acquiring an additional 2,147 shares during the period.

Separately, Standpoint Research boosted their target price on shares of SPDR Gold Trust to $28,000.00 in a report on Thursday, December 7th.

SPDR Gold Trust (NYSEARCA:GLD) traded up $2.23 during trading on Wednesday, hitting $128.31. 11,731,008 shares of the stock traded hands, compared to its average volume of 9,567,233. The company has a market capitalization of $35,780.00 and a PE ratio of -14.69. SPDR Gold Trust has a 52-week low of $114.02 and a 52-week high of $129.51.

WARNING: This story was originally posted by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are reading this story on another site, it was stolen and republished in violation of U.S. & international trademark & copyright laws. The original version of this story can be viewed at https://www.dispatchtribunal.com/2018/02/14/sumitomo-mitsui-trust-holdings-inc-has-281-13-million-holdings-in-spdr-gold-trust-gld.html.

About SPDR Gold Trust

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).

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

Receive News & Ratings for SPDR Gold Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SPDR Gold Trust and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply