Mirae Asset Global Investments Co. Ltd. Sells 9,400 Shares of SPDR Gold Shares (NYSEARCA:GLD)

Mirae Asset Global Investments Co. Ltd. cut its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 19.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 39,070 shares of the exchange traded fund’s stock after selling 9,400 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in SPDR Gold Shares were worth $7,469,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in GLD. Sei Investments Co. acquired a new stake in shares of SPDR Gold Shares in the first quarter valued at $24,420,000. Covestor Ltd increased its stake in shares of SPDR Gold Shares by 69.4% in the first quarter. Covestor Ltd now owns 532 shares of the exchange traded fund’s stock valued at $96,000 after buying an additional 218 shares in the last quarter. Merit Financial Group LLC increased its stake in shares of SPDR Gold Shares by 18.6% in the first quarter. Merit Financial Group LLC now owns 2,773 shares of the exchange traded fund’s stock valued at $501,000 after buying an additional 435 shares in the last quarter. First Western Trust Bank acquired a new stake in shares of SPDR Gold Shares in the first quarter valued at $256,000. Finally, Prudential Financial Inc. increased its stake in shares of SPDR Gold Shares by 32.5% in the first quarter. Prudential Financial Inc. now owns 36,898 shares of the exchange traded fund’s stock valued at $6,666,000 after buying an additional 9,049 shares in the last quarter. 42.19% of the stock is owned by institutional investors.

SPDR Gold Shares Trading Down 1.3 %

Shares of GLD stock opened at $216.89 on Friday. The stock has a 50-day moving average price of $198.31 and a 200 day moving average price of $189.27. SPDR Gold Shares has a 12 month low of $168.30 and a 12 month high of $225.09.

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).