Migdal Insurance & Financial Holdings Ltd. Decreases Position in SPDR Gold Trust (GLD)
Migdal Insurance & Financial Holdings Ltd. trimmed its position in shares of SPDR Gold Trust (NYSEARCA:GLD) by 2.3% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,563 shares of the exchange traded fund’s stock after selling 225 shares during the period. Migdal Insurance & Financial Holdings Ltd.’s holdings in SPDR Gold Trust were worth $1,129,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently made changes to their positions in GLD. BlackRock Inc. increased its stake in SPDR Gold Trust by 9.4% in the 2nd quarter. BlackRock Inc. now owns 18,604,275 shares of the exchange traded fund’s stock worth $2,195,677,000 after purchasing an additional 1,600,262 shares during the period. FMR LLC increased its stake in SPDR Gold Trust by 49.6% in the 2nd quarter. FMR LLC now owns 4,742,502 shares of the exchange traded fund’s stock worth $559,710,000 after purchasing an additional 1,572,655 shares during the period. SG Americas Securities LLC increased its stake in SPDR Gold Trust by 2,834.6% in the 2nd quarter. SG Americas Securities LLC now owns 655,169 shares of the exchange traded fund’s stock worth $77,323,000 after purchasing an additional 632,843 shares during the period. Bridgewater Associates LP purchased a new position in SPDR Gold Trust in the 2nd quarter worth approximately $68,129,000. Finally, Adventist Health System Sunbelt Healthcare Corp purchased a new position in SPDR Gold Trust in the 2nd quarter worth approximately $58,494,000.
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Shares of SPDR Gold Trust (NYSEARCA:GLD) traded up 0.57% during trading on Monday, reaching $121.78. The company’s stock had a trading volume of 1,599,971 shares. SPDR Gold Trust has a 12-month low of $107.00 and a 12-month high of $128.32. The company has a 50 day moving average of $123.92 and a 200-day moving average of $120.54.
About SPDR Gold Trust
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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