SPDR Gold Shares (NYSEARCA:GLD) Shares Sold by Sachetta LLC

Sachetta LLC lowered its position in SPDR Gold Shares (NYSEARCA:GLD) by 32.3% in the second quarter, Holdings Channel.com reports. The institutional investor owned 904 shares of the exchange traded fund’s stock after selling 432 shares during the period. Sachetta LLC’s holdings in SPDR Gold Shares were worth $201,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the company. Scarborough Advisors LLC raised its stake in shares of SPDR Gold Shares by 10,133.3% during the fourth quarter. Scarborough Advisors LLC now owns 2,662,393 shares of the exchange traded fund’s stock worth $508,970,000 after purchasing an additional 2,636,376 shares during the last quarter. Toronto Dominion Bank raised its position in SPDR Gold Shares by 23.6% during the 1st quarter. Toronto Dominion Bank now owns 5,649,510 shares of the exchange traded fund’s stock worth $1,162,217,000 after buying an additional 1,079,452 shares during the last quarter. Global Assets Advisory LLC acquired a new stake in shares of SPDR Gold Shares in the 1st quarter worth $144,269,000. GLOBALT Investments LLC GA acquired a new stake in shares of SPDR Gold Shares in the 4th quarter worth $124,066,000. Finally, Cetera Investment Advisers boosted its holdings in shares of SPDR Gold Shares by 461.0% in the first quarter. Cetera Investment Advisers now owns 702,415 shares of the exchange traded fund’s stock valued at $144,501,000 after acquiring an additional 577,210 shares in the last quarter. 42.19% of the stock is owned by institutional investors and hedge funds.

SPDR Gold Shares Price Performance

NYSEARCA GLD opened at $231.59 on Tuesday. SPDR Gold Shares has a 52-week low of $168.30 and a 52-week high of $234.01. The firm has a 50-day moving average price of $225.75 and a 200 day moving average price of $216.30.

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).