SPDR Gold Shares (NYSEARCA:GLD) Position Reduced by Headlands Technologies LLC

Headlands Technologies LLC lowered its stake in SPDR Gold Shares (NYSEARCA:GLD) by 87.6% in the 4th quarter, Holdings Channel.com reports. The firm owned 3,513 shares of the exchange traded fund’s stock after selling 24,887 shares during the period. Headlands Technologies LLC’s holdings in SPDR Gold Shares were worth $851,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of GLD. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in SPDR Gold Shares by 24.9% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 94,367 shares of the exchange traded fund’s stock worth $22,937,000 after buying an additional 18,828 shares during the last quarter. Verition Fund Management LLC increased its holdings in shares of SPDR Gold Shares by 104.1% in the 3rd quarter. Verition Fund Management LLC now owns 2,570 shares of the exchange traded fund’s stock worth $625,000 after acquiring an additional 64,965 shares during the period. Paloma Partners Management Co acquired a new stake in shares of SPDR Gold Shares in the 3rd quarter worth about $389,000. Benjamin Edwards Inc. bought a new stake in SPDR Gold Shares in the 3rd quarter valued at about $6,480,000. Finally, Ascent Group LLC boosted its stake in SPDR Gold Shares by 35.7% during the 3rd quarter. Ascent Group LLC now owns 2,315 shares of the exchange traded fund’s stock valued at $563,000 after purchasing an additional 609 shares during the period. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Trading Up 0.2 %

GLD opened at $288.16 on Thursday. The business’s 50 day moving average is $269.78 and its 200-day moving average is $253.99. The stock has a market cap of $86.62 billion, a PE ratio of -30.67 and a beta of 0.17. SPDR Gold Shares has a twelve month low of $210.30 and a twelve month high of $291.22.

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).