Investors Sell SPDR Gold Trust (GLD) on Strength (GLD)

Investors sold shares of SPDR Gold Trust (NYSEARCA:GLD) on strength during trading hours on Friday. $95.67 million flowed into the stock on the tick-up and $182.26 million flowed out of the stock on the tick-down, for a money net flow of $86.59 million out of the stock. Of all companies tracked, SPDR Gold Trust had the 0th highest net out-flow for the day. SPDR Gold Trust traded up $0.83 for the day and closed at $127.45

Several large investors have recently added to or reduced their stakes in the company. CI Investments Inc. lifted its holdings in shares of 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 worth $482,065,000 after acquiring an additional 2,449,200 shares during the period. Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in shares of SPDR Gold Trust by 58.1% during the 4th quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,273,616 shares of the exchange traded fund’s stock worth $281,133,000 after acquiring an additional 835,900 shares during the period. Quantitative Investment Management LLC lifted its holdings in shares of SPDR Gold Trust by 521.4% during the 4th quarter. Quantitative Investment Management LLC now owns 865,000 shares of the exchange traded fund’s stock worth $106,957,000 after acquiring an additional 725,800 shares during the period. Orbis Allan Gray Ltd lifted its holdings in shares of SPDR Gold Trust by 23.9% during the 4th quarter. Orbis Allan Gray Ltd now owns 862,858 shares of the exchange traded fund’s stock worth $106,693,000 after acquiring an additional 166,331 shares during the period. Finally, South Texas Money Management Ltd. lifted its holdings in shares of SPDR Gold Trust by 4.6% during the 4th quarter. South Texas Money Management Ltd. now owns 636,320 shares of the exchange traded fund’s stock worth $78,681,000 after acquiring an additional 27,885 shares during the period.

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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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