Sarasin & Partners LLP raised its stake in SPDR Gold Trust (NYSEARCA:GLD) by 5.6% during the second quarter, Holdings Channel reports. The fund owned 31,966 shares of the exchange traded fund’s stock after buying an additional 1,692 shares during the period. Sarasin & Partners LLP’s holdings in SPDR Gold Trust were worth $3,773,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. Pinnacle Financial Partners Inc. increased its stake in SPDR Gold Trust by 95.6% in the second quarter. Pinnacle Financial Partners Inc. now owns 6,866 shares of the exchange traded fund’s stock valued at $810,000 after buying an additional 3,355 shares in the last quarter. United Asset Strategies Inc. increased its stake in SPDR Gold Trust by 27.3% in the second quarter. United Asset Strategies Inc. now owns 48,282 shares of the exchange traded fund’s stock valued at $5,698,000 after buying an additional 10,340 shares in the last quarter. Bingham Osborn & Scarborough LLC increased its stake in SPDR Gold Trust by 14.4% in the second quarter. Bingham Osborn & Scarborough LLC now owns 54,639 shares of the exchange traded fund’s stock valued at $6,448,000 after buying an additional 6,861 shares in the last quarter. Macguire Cheswick & Tuttle Investment Counsel LLC increased its stake in SPDR Gold Trust by 34.6% in the second quarter. Macguire Cheswick & Tuttle Investment Counsel LLC now owns 41,598 shares of the exchange traded fund’s stock valued at $4,909,000 after buying an additional 10,688 shares in the last quarter. Finally, Wedbush Securities Inc. increased its stake in SPDR Gold Trust by 22.1% in the second quarter. Wedbush Securities Inc. now owns 12,754 shares of the exchange traded fund’s stock valued at $1,505,000 after buying an additional 2,306 shares in the last quarter.

Shares of SPDR Gold Trust (NYSEARCA GLD) opened at 121.92 on Tuesday. SPDR Gold Trust has a 1-year low of $107.00 and a 1-year high of $129.26. The firm has a 50 day moving average price of $118.73 and a 200 day moving average price of $118.68.

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About SPDR Gold Trust

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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Institutional Ownership by Quarter for SPDR Gold Trust (NYSEARCA:GLD)

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