Sarasin & Partners LLP Sells 2,017 Shares of SPDR Gold Shares $GLD

Sarasin & Partners LLP cut its position in SPDR Gold Shares (NYSEARCA:GLD) by 3.3% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 59,806 shares of the exchange traded fund’s stock after selling 2,017 shares during the period. Sarasin & Partners LLP’s holdings in SPDR Gold Shares were worth $18,231,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also modified their holdings of the business. Kearns & Associates LLC acquired a new position in shares of SPDR Gold Shares in the second quarter valued at about $209,000. Pines Wealth Management LLC boosted its holdings in SPDR Gold Shares by 55.2% in the 2nd quarter. Pines Wealth Management LLC now owns 3,525 shares of the exchange traded fund’s stock valued at $1,083,000 after purchasing an additional 1,254 shares during the period. Chesley Taft & Associates LLC boosted its holdings in SPDR Gold Shares by 0.6% in the 2nd quarter. Chesley Taft & Associates LLC now owns 108,385 shares of the exchange traded fund’s stock valued at $33,039,000 after purchasing an additional 613 shares during the period. Procyon Advisors LLC boosted its holdings in SPDR Gold Shares by 14.1% in the 2nd quarter. Procyon Advisors LLC now owns 8,959 shares of the exchange traded fund’s stock valued at $2,731,000 after purchasing an additional 1,104 shares during the period. Finally, Affinity Capital Advisors LLC bought a new stake in SPDR Gold Shares in the 2nd quarter valued at about $205,000. 42.19% of the stock is currently owned by institutional investors and hedge funds.

SPDR Gold Shares Trading Up 0.2%

Shares of GLD stock opened at $339.59 on Wednesday. The stock has a market cap of $113.22 billion, a P/E ratio of -32.43 and a beta of 0.15. The stock has a 50 day simple moving average of $314.63 and a 200 day simple moving average of $302.91. SPDR Gold Shares has a 1 year low of $235.30 and a 1 year high of $340.88.

SPDR Gold Shares 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).