Sumitomo Mitsui Trust Group Inc. Has $72.14 Million Holdings in SPDR Gold Shares (NYSEARCA:GLD)

Sumitomo Mitsui Trust Group Inc. cut its stake in SPDR Gold Shares (NYSEARCA:GLD) by 34.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 297,956 shares of the exchange traded fund’s stock after selling 156,197 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in SPDR Gold Shares were worth $72,144,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. International Assets Investment Management LLC grew its position in SPDR Gold Shares by 21,571.1% during the third quarter. International Assets Investment Management LLC now owns 3,024,639 shares of the exchange traded fund’s stock worth $735,169,000 after buying an additional 3,010,682 shares in the last quarter. Strategic Financial Concepts LLC increased its position in shares of SPDR Gold Shares by 24,600.9% during the fourth quarter. Strategic Financial Concepts LLC now owns 608,876 shares of the exchange traded fund’s stock valued at $147,427,000 after purchasing an additional 606,411 shares during the period. Diversify Advisory Services LLC raised its stake in shares of SPDR Gold Shares by 446.0% in the fourth quarter. Diversify Advisory Services LLC now owns 239,355 shares of the exchange traded fund’s stock valued at $59,410,000 after purchasing an additional 195,520 shares in the last quarter. Banco Santander S.A. lifted its position in 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 worth $39,065,000 after purchasing an additional 114,151 shares during the period. Finally, JTC Employer Solutions Trustee Ltd boosted its stake 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 currently owned by institutional investors and hedge funds.

SPDR Gold Shares Price Performance

Shares of SPDR Gold Shares stock opened at $263.90 on Monday. The company’s fifty day moving average price is $248.30 and its two-hundred day moving average price is $242.07. SPDR Gold Shares has a 52-week low of $183.78 and a 52-week high of $266.35.

SPDR Gold Shares Company 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).