Glenmede Trust Co. NA reduced its stake in SPDR Gold Trust (NYSEARCA:GLD) by 1.5% during the fourth quarter, Holdings Channel reports. The fund owned 75,878 shares of the exchange traded fund’s stock after selling 1,170 shares during the quarter. Glenmede Trust Co. NA’s holdings in SPDR Gold Trust were worth $9,382,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently made changes to their positions in GLD. Field & Main Bank bought a new stake in shares of SPDR Gold Trust in the 4th quarter worth about $127,000. First Dallas Securities Inc. bought a new stake in shares of SPDR Gold Trust in the 4th quarter worth about $133,000. Mandatum Life Insurance Co Ltd bought a new stake in shares of SPDR Gold Trust in the 4th quarter worth about $133,000. Chicago Partners Investment Group LLC increased its holdings in shares of SPDR Gold Trust by 179.0% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 1,116 shares of the exchange traded fund’s stock worth $136,000 after buying an additional 716 shares during the last quarter. Finally, Contravisory Investment Management Inc. increased its holdings in shares of SPDR Gold Trust by 76.3% in the 4th quarter. Contravisory Investment Management Inc. now owns 1,132 shares of the exchange traded fund’s stock worth $140,000 after buying an additional 490 shares during the last quarter.
Shares of SPDR Gold Trust (NYSEARCA:GLD) opened at $125.98 on Friday. SPDR Gold Trust has a fifty-two week low of $114.80 and a fifty-two week high of $129.51. The firm has a market cap of $35,300.00 and a PE ratio of -14.48.
Separately, Standpoint Research boosted their target price on shares of SPDR Gold Trust to $28,000.00 in a report on Thursday, December 7th.
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SPDR Gold Trust 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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