Sumitomo Mitsui Trust Holdings Inc. Acquires 11,577 Shares of SPDR Gold Shares (NYSEARCA:GLD)

Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 2.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 459,272 shares of the exchange traded fund’s stock after purchasing an additional 11,577 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc. owned 0.16% of SPDR Gold Shares worth $94,481,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. First Personal Financial Services bought a new stake in SPDR Gold Shares during the fourth quarter worth $25,000. Frazier Financial Advisors LLC bought a new stake in SPDR Gold Shares during the fourth quarter worth $26,000. Northwest Investment Counselors LLC bought a new stake in SPDR Gold Shares during the first quarter worth $26,000. Gold Investment Management Ltd. bought a new stake in SPDR Gold Shares during the fourth quarter worth $27,000. Finally, Security National Bank bought a new stake in SPDR Gold Shares during the first quarter worth $28,000. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Up 1.1 %

NYSEARCA GLD opened at $217.98 on Thursday. The firm’s fifty day moving average price is $216.21 and its two-hundred day moving average price is $203.32. SPDR Gold Shares has a 1 year low of $168.30 and a 1 year high of $225.66.

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).