Mackenzie Financial Corp Cuts Stock Holdings in SPDR Gold Shares (NYSEARCA:GLD)

Mackenzie Financial Corp lessened its position in SPDR Gold Shares (NYSEARCA:GLD) by 71.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 445,044 shares of the exchange traded fund’s stock after selling 1,116,172 shares during the quarter. Mackenzie Financial Corp owned about 0.15% of SPDR Gold Shares worth $95,689,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Triad Wealth Partners LLC acquired a new stake in SPDR Gold Shares during the 2nd quarter worth $25,000. Semmax Financial Advisors Inc. boosted its holdings in shares of SPDR Gold Shares by 78.7% during the 2nd quarter. Semmax Financial Advisors Inc. now owns 109 shares of the exchange traded fund’s stock worth $25,000 after purchasing an additional 48 shares during the last quarter. Northwest Investment Counselors LLC purchased a new stake in shares of SPDR Gold Shares in the first quarter valued at approximately $26,000. Gold Investment Management Ltd. acquired a new stake in shares of SPDR Gold Shares in the fourth quarter valued at approximately $27,000. Finally, Private Ocean LLC increased its holdings in shares of SPDR Gold Shares by 155.1% in the second quarter. Private Ocean LLC now owns 125 shares of the exchange traded fund’s stock valued at $27,000 after purchasing an additional 76 shares during 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 $245.02 on Friday. SPDR Gold Shares has a fifty-two week low of $168.30 and a fifty-two week high of $247.37. The stock’s fifty day moving average is $230.44 and its two-hundred day moving average is $220.14.

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).