J. Safra Sarasin Holding AG Sells 17,314 Shares of SPDR Gold Shares $GLD

J. Safra Sarasin Holding AG decreased its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 70.5% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 7,230 shares of the exchange traded fund’s stock after selling 17,314 shares during the quarter. J. Safra Sarasin Holding AG’s holdings in SPDR Gold Shares were worth $2,195,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. TFG Advisers LLC grew its stake in shares of SPDR Gold Shares by 6.1% in the second quarter. TFG Advisers LLC now owns 1,578 shares of the exchange traded fund’s stock worth $481,000 after acquiring an additional 91 shares during the period. J2 Capital Management Inc lifted its position in SPDR Gold Shares by 12.5% during the second quarter. J2 Capital Management Inc now owns 5,759 shares of the exchange traded fund’s stock valued at $1,756,000 after purchasing an additional 641 shares during the period. Riverview Trust Co purchased a new stake in SPDR Gold Shares in the second quarter worth approximately $61,000. Viewpoint Investment Partners Corp grew its position in SPDR Gold Shares by 168.1% in the 2nd quarter. Viewpoint Investment Partners Corp now owns 9,050 shares of the exchange traded fund’s stock worth $2,759,000 after purchasing an additional 5,675 shares during the period. Finally, McGuire Investment Group LLC grew its position in SPDR Gold Shares by 3.1% in the 2nd quarter. McGuire Investment Group LLC now owns 17,725 shares of the exchange traded fund’s stock worth $5,403,000 after purchasing an additional 537 shares during the period. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

NYSEARCA GLD opened at $357.64 on Friday. The stock has a market capitalization of $126.50 billion, a price-to-earnings ratio of -32.43 and a beta of 0.15. SPDR Gold Shares has a 1-year low of $236.13 and a 1-year high of $358.67. The business’s fifty day moving average price is $324.54 and its 200-day moving average price is $309.50.

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).