SPDR Gold Shares (NYSEARCA:GLD) Shares Sold by International Assets Investment Management LLC

International Assets Investment Management LLC lowered its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 99.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,704 shares of the exchange traded fund’s stock after selling 3,010,935 shares during the quarter. International Assets Investment Management LLC’s holdings in SPDR Gold Shares were worth $3,363,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Arizona PSPRS Trust acquired a new stake in SPDR Gold Shares during the 2nd quarter worth about $157,187,000. Cerity Partners OCIO LLC purchased a new stake in shares of SPDR Gold Shares during the 2nd quarter worth about $78,434,000. AlTi Global Inc. increased its stake in shares of SPDR Gold Shares by 145.0% in the 2nd quarter. AlTi Global Inc. now owns 335,937 shares of the exchange traded fund’s stock valued at $72,212,000 after purchasing an additional 198,823 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its position in shares of SPDR Gold Shares by 47.5% during the 3rd 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 in the last quarter. Finally, Banco Santander S.A. grew its position 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 purchasing an additional 114,151 shares during the period. 42.19% of the stock is owned by hedge funds and other institutional investors.

SPDR Gold Shares Trading Up 0.6 %

Shares of GLD stock traded up $1.39 on Wednesday, hitting $245.95. 1,183,032 shares of the stock traded hands, compared to its average volume of 4,120,929. SPDR Gold Shares has a twelve month low of $183.78 and a twelve month high of $257.71. The firm’s 50-day moving average price is $244.48 and its two-hundred day moving average price is $236.69.

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).