Chevy Chase Trust Holdings Inc. Sells 1,151 Shares of SPDR Gold Shares (GLD)

Chevy Chase Trust Holdings Inc. cut its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 9.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,313 shares of the exchange traded fund’s stock after selling 1,151 shares during the quarter. Chevy Chase Trust Holdings Inc.’s holdings in SPDR Gold Shares were worth $1,275,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in GLD. South Texas Money Management Ltd. bought a new position in shares of SPDR Gold Shares during the second quarter worth approximately $88,155,000. Cornerstone Wealth Management LLC increased its holdings in shares of SPDR Gold Shares by 12,300.9% during the second quarter. Cornerstone Wealth Management LLC now owns 496,034 shares of the exchange traded fund’s stock worth $4,223,000 after purchasing an additional 492,034 shares during the period. TD Asset Management Inc. increased its holdings in shares of SPDR Gold Shares by 117.6% during the second quarter. TD Asset Management Inc. now owns 610,077 shares of the exchange traded fund’s stock worth $72,386,000 after purchasing an additional 329,695 shares during the period. Envestnet Asset Management Inc. increased its holdings in shares of SPDR Gold Shares by 161.4% during the second quarter. Envestnet Asset Management Inc. now owns 526,663 shares of the exchange traded fund’s stock worth $62,489,000 after purchasing an additional 325,206 shares during the period. Finally, Billeaud Capital Management Inc. bought a new position in shares of SPDR Gold Shares during the second quarter worth approximately $27,623,000.

Shares of GLD opened at $116.65 on Friday. SPDR Gold Shares has a 12 month low of $111.06 and a 12 month high of $129.51.

About SPDR Gold Shares

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).

Further Reading: Bond

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

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