SPDR Gold Shares $GLD Position Cut by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. lowered its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 14.7% during the 2nd quarter, Holdings Channel reports. The fund owned 21,500 shares of the exchange traded fund’s stock after selling 3,700 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in SPDR Gold Shares were worth $6,554,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently added to or reduced their stakes in the company. 59 North Capital Management LP raised its stake in shares of SPDR Gold Shares by 76.4% during the first quarter. 59 North Capital Management LP now owns 1,263,196 shares of the exchange traded fund’s stock valued at $363,977,000 after purchasing an additional 547,018 shares in the last quarter. Kingstone Capital Partners Texas LLC acquired a new position in SPDR Gold Shares during the 2nd quarter valued at about $120,429,000. TD Asset Management Inc increased its stake in SPDR Gold Shares by 108.4% during the 2nd quarter. TD Asset Management Inc now owns 685,151 shares of the exchange traded fund’s stock valued at $208,855,000 after buying an additional 356,401 shares during the period. Harvard Management Co. Inc. bought a new stake in shares of SPDR Gold Shares during the 2nd quarter worth about $101,508,000. Finally, Raymond James Financial Inc. lifted its stake in shares of SPDR Gold Shares by 11.0% in the 1st quarter. Raymond James Financial Inc. now owns 2,063,634 shares of the exchange traded fund’s stock worth $594,616,000 after acquiring an additional 204,676 shares during the period. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

SPDR Gold Shares stock opened at $374.85 on Friday. SPDR Gold Shares has a 12-month low of $238.73 and a 12-month high of $403.30. The stock has a market capitalization of $135.66 billion, a PE ratio of -32.43 and a beta of 0.09. The firm has a 50 day simple moving average of $365.50 and a 200-day simple moving average of $329.15.

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).