China Universal Asset Management Co. Ltd. Lowers Stock Holdings in SPDR Gold Shares $GLD

China Universal Asset Management Co. Ltd. cut its holdings in shares of SPDR Gold Shares (NYSEARCA:GLDFree Report) by 5.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,662 shares of the exchange traded fund’s stock after selling 1,468 shares during the period. SPDR Gold Shares comprises about 0.8% of China Universal Asset Management Co. Ltd.’s portfolio, making the stock its 25th biggest position. China Universal Asset Management Co. Ltd.’s holdings in SPDR Gold Shares were worth $9,833,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the company. Princeton Capital Management LLC acquired a new position in shares of SPDR Gold Shares in the 2nd quarter valued at about $220,000. Spirepoint Private Client LLC purchased a new stake in shares of SPDR Gold Shares during the third quarter worth about $742,000. FAS Wealth Partners Inc. increased its stake in shares of SPDR Gold Shares by 71.1% in the third quarter. FAS Wealth Partners Inc. now owns 20,916 shares of the exchange traded fund’s stock worth $7,435,000 after buying an additional 8,691 shares during the last quarter. Alpha Cubed Investments LLC increased its holdings in SPDR Gold Shares by 5.7% in the second quarter. Alpha Cubed Investments LLC now owns 2,722 shares of the exchange traded fund’s stock valued at $830,000 after buying an additional 146 shares during the last quarter. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors increased its holdings in SPDR Gold Shares by 19.4% in the third quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 36,470 shares of the exchange traded fund’s stock valued at $12,964,000 after buying an additional 5,932 shares during the last quarter. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Up 0.3%

Shares of NYSEARCA GLD opened at $459.56 on Friday. The firm’s 50-day moving average price is $431.34 and its two-hundred day moving average price is $380.54. SPDR Gold Shares has a 52-week low of $261.25 and a 52-week high of $509.70. The stock has a market capitalization of $174.68 billion, a P/E ratio of -32.43 and a beta of 0.09.

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SPDR Gold Shares Company Profile

(Free Report)

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). The Trust issues Shares in Baskets to certain authorized participants (Authorized Participants) on an ongoing basis. The creation and redemption of Baskets is only made in exchange for the delivery to the Trust or the distribution by the Trust of the amount of gold and any cash represented by the Baskets being created or redeemed, the amount of which will be based on the combined net asset value of various Shares included in the Baskets being created or redeemed determined on the day the order to create or redeem Baskets is properly received.

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Institutional Ownership by Quarter for SPDR Gold Shares (NYSEARCA:GLD)

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