SPDR Gold Shares (NYSEARCA:GLD) Shares Sold by Banque Pictet & Cie SA

Banque Pictet & Cie SA decreased its stake in SPDR Gold Shares (NYSEARCA:GLD) by 2.6% in the fourth quarter, HoldingsChannel reports. The firm owned 24,265 shares of the exchange traded fund’s stock after selling 645 shares during the period. Banque Pictet & Cie SA’s holdings in SPDR Gold Shares were worth $5,849,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of GLD. International Assets Investment Management LLC boosted its position in shares of 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. Strategic Financial Concepts LLC boosted its position in shares of SPDR Gold Shares by 24,600.9% in the 4th 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 boosted its position in shares of SPDR Gold Shares by 446.0% in the 4th 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 during the period. Sumitomo Mitsui Trust Group Inc. boosted its position in shares of SPDR Gold Shares by 47.5% in 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 purchasing an additional 146,271 shares during the period. Finally, Banco Santander S.A. boosted its position in shares of SPDR Gold Shares by 245.1% in the 3rd 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. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Trading Down 1.5 %

NYSEARCA:GLD opened at $266.29 on Friday. SPDR Gold Shares has a 1-year low of $184.84 and a 1-year high of $270.39. The stock has a fifty day simple moving average of $250.28 and a 200 day simple moving average of $243.26.

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).