Bridgewater Associates LP purchased a new stake in shares of SPDR Gold Trust (NYSEARCA:GLD) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 577,264 shares of the exchange traded fund’s stock, valued at approximately $68,129,000. SPDR Gold Trust comprises approximately 0.6% of Bridgewater Associates LP’s holdings, making the stock its 13th biggest position.
Several other large investors have also recently bought and sold shares of the company. SG Americas Securities LLC lifted its position in SPDR Gold Trust by 2,834.6% during the second quarter. SG Americas Securities LLC now owns 655,169 shares of the exchange traded fund’s stock valued at $77,323,000 after purchasing an additional 632,843 shares during the period. Adventist Health System Sunbelt Healthcare Corp bought a new position in SPDR Gold Trust in the second quarter worth approximately $58,494,000. CI Investments Inc. raised its position in SPDR Gold Trust by 791.1% in the second quarter. CI Investments Inc. now owns 267,329 shares of the exchange traded fund’s stock worth $31,550,000 after acquiring an additional 237,329 shares during the period. First Eagle Investment Management LLC raised its position in SPDR Gold Trust by 4.0% in the second quarter. First Eagle Investment Management LLC now owns 5,371,482 shares of the exchange traded fund’s stock worth $633,942,000 after acquiring an additional 207,882 shares during the period. Finally, Ameriprise Financial Inc. raised its position in shares of SPDR Gold Trust by 54.6% during the 2nd quarter. Ameriprise Financial Inc. now owns 565,166 shares of the exchange traded fund’s stock valued at $66,685,000 after purchasing an additional 199,624 shares during the period.
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Shares of SPDR Gold Trust (NYSEARCA GLD) traded up 0.100% during mid-day trading on Wednesday, hitting $124.744. 1,785,045 shares of the stock traded hands. The firm has a 50 day moving average of $123.54 and a 200 day moving average of $120.01. SPDR Gold Trust has a 12 month low of $107.00 and a 12 month high of $128.32.
SPDR Gold Trust 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).
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