Baron Financial Group LLC Reduces Stake in SPDR Gold Shares (NYSEARCA:GLD)

Baron Financial Group LLC cut its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 1.6% in the fourth quarter, Holdings Channel reports. The institutional investor owned 22,735 shares of the exchange traded fund’s stock after selling 362 shares during the quarter. SPDR Gold Shares accounts for about 3.4% of Baron Financial Group LLC’s portfolio, making the stock its 7th biggest holding. Baron Financial Group LLC’s holdings in SPDR Gold Shares were worth $5,505,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of GLD. International Assets Investment Management LLC boosted its holdings in SPDR Gold Shares by 21,571.1% in the 3rd quarter. International Assets Investment Management LLC now owns 3,024,639 shares of the exchange traded fund’s stock valued at $735,169,000 after purchasing an additional 3,010,682 shares during the period. Diversify Advisory Services LLC increased its holdings in shares of SPDR Gold Shares by 446.0% during the 4th quarter. Diversify Advisory Services LLC now owns 239,355 shares of the exchange traded fund’s stock worth $59,410,000 after purchasing an additional 195,520 shares during the period. Sumitomo Mitsui Trust Group Inc. raised its position in shares of SPDR Gold Shares by 47.5% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 454,153 shares of the exchange traded fund’s stock valued at $110,386,000 after buying an additional 146,271 shares during the last quarter. Banco Santander S.A. lifted its stake in shares of SPDR Gold Shares by 245.1% in the third quarter. Banco Santander S.A. now owns 160,721 shares of the exchange traded fund’s stock valued at $39,065,000 after buying an additional 114,151 shares during the period. Finally, JTC Employer Solutions Trustee Ltd grew its position in SPDR Gold Shares by 1,565.3% during the third quarter. JTC Employer Solutions Trustee Ltd now owns 115,106 shares of the exchange traded fund’s stock worth $27,979,000 after buying an additional 108,194 shares in the last quarter. 42.19% of the stock is owned by institutional investors.

SPDR Gold Shares Stock Performance

Shares of GLD opened at $255.65 on Friday. The stock’s 50-day moving average price is $245.31 and its 200 day moving average price is $239.43. SPDR Gold Shares has a 12-month low of $183.78 and a 12-month high of $257.71.

SPDR Gold Shares 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).