Guggenheim Capital LLC trimmed its position in SPDR Gold Trust (NYSEARCA:GLD) by 9.4% in the fourth quarter, HoldingsChannel reports. The firm owned 27,759 shares of the exchange traded fund’s stock after selling 2,889 shares during the period. Guggenheim Capital LLC’s holdings in SPDR Gold Trust were worth $3,432,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Truepoint Inc. raised its stake in shares of SPDR Gold Trust by 2,551.0% in the third quarter. Truepoint Inc. now owns 116,960 shares of the exchange traded fund’s stock valued at $117,000 after purchasing an additional 112,548 shares in the last quarter. Field & Main Bank acquired a new position in shares of SPDR Gold Trust in the fourth quarter valued at $127,000. Mandatum Life Insurance Co Ltd acquired a new position in shares of SPDR Gold Trust in the fourth quarter valued at $133,000. First Dallas Securities Inc. acquired a new position in shares of SPDR Gold Trust in the fourth quarter valued at $133,000. Finally, Chicago Partners Investment Group LLC raised its stake in shares of SPDR Gold Trust by 179.0% in the third quarter. Chicago Partners Investment Group LLC now owns 1,116 shares of the exchange traded fund’s stock valued at $136,000 after purchasing an additional 716 shares in the last quarter.
Shares of NYSEARCA GLD opened at $126.39 on Friday. SPDR Gold Trust has a one year low of $114.80 and a one year high of $129.51.
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SPDR Gold Trust 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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