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

Sarasin & Partners LLP lessened its position in SPDR Gold Shares (NYSEARCA:GLD) by 3.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). 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 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of GLD. Brighton Jones LLC boosted its stake in shares of SPDR Gold Shares by 20.4% during the 4th quarter. Brighton Jones LLC now owns 11,246 shares of the exchange traded fund’s stock worth $2,723,000 after acquiring an additional 1,903 shares during the period. Bison Wealth LLC boosted its stake in shares of SPDR Gold Shares by 77.8% during the 4th quarter. Bison Wealth LLC now owns 5,941 shares of the exchange traded fund’s stock worth $1,438,000 after acquiring an additional 2,600 shares during the period. Deutsche Bank AG boosted its position in SPDR Gold Shares by 20.2% during the fourth quarter. Deutsche Bank AG now owns 12,339 shares of the exchange traded fund’s stock worth $2,988,000 after purchasing an additional 2,075 shares during the period. Quantinno Capital Management LP boosted its position in SPDR Gold Shares by 57.8% during the fourth quarter. Quantinno Capital Management LP now owns 7,776 shares of the exchange traded fund’s stock worth $1,883,000 after purchasing an additional 2,848 shares during the period. Finally, Woodline Partners LP bought a new position in SPDR Gold Shares during the fourth quarter worth $18,529,000. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

GLD stock opened at $339.59 on Wednesday. The company has a fifty day moving average price of $314.63 and a two-hundred day moving average price of $302.91. SPDR Gold Shares has a one year low of $235.30 and a one year high of $340.88. The stock has a market cap of $113.22 billion, a price-to-earnings ratio of -32.43 and a beta of 0.15.

About SPDR Gold Shares

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).