Sterling Investment Management Inc. Has $1.47 Million Stock Holdings in SPDR Gold Shares (NYSEARCA:GLD)

Sterling Investment Management Inc. trimmed its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 2.6% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 11,062 shares of the exchange traded fund’s stock after selling 299 shares during the quarter. SPDR Gold Shares comprises 1.1% of Sterling Investment Management Inc.’s portfolio, making the stock its 27th biggest holding. Sterling Investment Management Inc.’s holdings in SPDR Gold Shares were worth $1,473,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the business. First Eagle Investment Management LLC increased its position in SPDR Gold Shares by 2.3% during the first quarter. First Eagle Investment Management LLC now owns 6,784,933 shares of the exchange traded fund’s stock worth $827,830,000 after buying an additional 150,887 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its position in SPDR Gold Shares by 29.5% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,264,475 shares of the exchange traded fund’s stock worth $276,289,000 after buying an additional 515,587 shares during the last quarter. WealthNavi Inc. increased its position in SPDR Gold Shares by 14.8% during the second quarter. WealthNavi Inc. now owns 891,732 shares of the exchange traded fund’s stock worth $118,779,000 after buying an additional 114,824 shares during the last quarter. South Texas Money Management Ltd. increased its position in SPDR Gold Shares by 0.3% during the first quarter. South Texas Money Management Ltd. now owns 805,148 shares of the exchange traded fund’s stock worth $98,236,000 after buying an additional 2,554 shares during the last quarter. Finally, Cambridge Associates LLC MA ADV grew its position in shares of SPDR Gold Shares by 34.4% in the first quarter. Cambridge Associates LLC MA ADV now owns 724,747 shares of the exchange traded fund’s stock valued at $88,426,000 after purchasing an additional 185,414 shares during the last quarter.

Shares of NYSEARCA:GLD traded down $0.52 during midday trading on Friday, hitting $135.89. The company’s stock had a trading volume of 13,750,942 shares, compared to its average volume of 8,399,422. The stock’s 50 day moving average is $132.53. SPDR Gold Shares has a fifty-two week low of $111.06 and a fifty-two week high of $136.63.

SPDR Gold Shares 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).

Further Reading: Straddles

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

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