MML Investors Services LLC trimmed its holdings in SPDR Gold Trust (NYSEARCA:GLD) by 1.8% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 172,330 shares of the exchange traded fund’s stock after selling 3,213 shares during the period. MML Investors Services LLC’s holdings in SPDR Gold Trust were worth $20,338,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also made changes to their positions in GLD. Blume Capital Management Inc. raised its position in shares of SPDR Gold Trust by 30.8% during the 2nd quarter. Blume Capital Management Inc. now owns 850 shares of the exchange traded fund’s stock valued at $100,000 after acquiring an additional 200 shares in the last quarter. QCI Asset Management Inc. NY raised its position in shares of SPDR Gold Trust by 14.9% during the 2nd quarter. QCI Asset Management Inc. NY now owns 1,155 shares of the exchange traded fund’s stock valued at $136,000 after acquiring an additional 150 shares in the last quarter. CI Global Investments Inc. acquired a new stake in shares of SPDR Gold Trust during the 2nd quarter valued at approximately $150,000. Cornerstone Advisory LLP acquired a new stake in shares of SPDR Gold Trust during the 2nd quarter valued at approximately $201,000. Finally, Wellesley Investment Partners LLC acquired a new stake in shares of SPDR Gold Trust during the 2nd quarter valued at approximately $202,000.
SPDR Gold Trust (NYSEARCA:GLD) traded down 0.651% during midday trading on Thursday, hitting $122.815. The company had a trading volume of 3,472,963 shares. The company’s 50 day moving average is $123.54 and its 200-day moving average is $120.01. SPDR Gold Trust has a one year low of $107.00 and a one year high of $128.32. SPDR Gold Trust also was the recipient of some unusual options trading on Wednesday. Stock traders purchased 68,756 put options on the company. This is an increase of approximately 147% compared to the average volume of 27,855 put options.
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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