The Manufacturers Life Insurance Company trimmed its position in SPDR Gold Shares (NYSEARCA:GLD – Get Rating) by 7.5% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,427 shares of the exchange traded fund's stock after selling 1,007 shares during the quarter. The Manufacturers Life Insurance Company's holdings in SPDR Gold Shares were worth $1,922,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Kaizen Financial Strategies raised its holdings in shares of SPDR Gold Shares by 8.7% during the 3rd quarter. Kaizen Financial Strategies now owns 8,556 shares of the exchange traded fund's stock valued at $1,323,000 after buying an additional 682 shares during the period. Summit Global Investments raised its holdings in shares of SPDR Gold Shares by 5.2% during the 2nd quarter. Summit Global Investments now owns 4,673 shares of the exchange traded fund's stock valued at $787,000 after buying an additional 230 shares during the period. Muhlenkamp & Co. Inc. raised its holdings in shares of SPDR Gold Shares by 26.2% during the 3rd quarter. Muhlenkamp & Co. Inc. now owns 18,485 shares of the exchange traded fund's stock valued at $2,859,000 after buying an additional 3,840 shares during the period. SVB Wealth LLC raised its holdings in shares of SPDR Gold Shares by 1.3% during the 2nd quarter. SVB Wealth LLC now owns 39,059 shares of the exchange traded fund's stock valued at $6,579,000 after buying an additional 503 shares during the period. Finally, Oakworth Capital Inc. raised its holdings in shares of SPDR Gold Shares by 0.8% during the 3rd quarter. Oakworth Capital Inc. now owns 61,765 shares of the exchange traded fund's stock valued at $9,553,000 after buying an additional 466 shares during the period. 37.94% of the stock is currently owned by hedge funds and other institutional investors.

SPDR Gold Shares Trading Down 2.5 %

Shares of NYSEARCA:GLD opened at $173.46 on Friday. SPDR Gold Shares has a one year low of $150.57 and a one year high of $193.30. The business's 50-day simple moving average is $171.57 and its 200 day simple moving average is $163.57.

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).

Further Reading

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