The Manufacturers Life Insurance Company Trims Stock Holdings in SPDR Gold Shares (NYSEARCA:GLD)

The Manufacturers Life Insurance Company reduced its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 48.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 137,177 shares of the exchange traded fund’s stock after selling 130,098 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in SPDR Gold Shares were worth $29,494,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of GLD. TKG Advisors LLC boosted its stake in SPDR Gold Shares by 0.7% in the 4th quarter. TKG Advisors LLC now owns 15,224 shares of the exchange traded fund’s stock worth $2,910,000 after purchasing an additional 110 shares during the period. City Holding Co. grew its stake in SPDR Gold Shares by 5.6% during the first quarter. City Holding Co. now owns 3,708 shares of the exchange traded fund’s stock valued at $763,000 after acquiring an additional 195 shares in the last quarter. St. Johns Investment Management Company LLC increased its holdings in SPDR Gold Shares by 5.7% during the 1st quarter. St. Johns Investment Management Company LLC now owns 27,729 shares of the exchange traded fund’s stock worth $5,704,000 after acquiring an additional 1,492 shares during the period. Bradley Foster & Sargent Inc. CT increased its holdings in SPDR Gold Shares by 0.8% during the 4th quarter. Bradley Foster & Sargent Inc. CT now owns 297,779 shares of the exchange traded fund’s stock worth $56,926,000 after acquiring an additional 2,335 shares during the period. Finally, Traynor Capital Management Inc. lifted its stake in SPDR Gold Shares by 19.9% in the 1st quarter. Traynor Capital Management Inc. now owns 1,720 shares of the exchange traded fund’s stock worth $354,000 after purchasing an additional 285 shares in the last quarter. 42.19% of the stock is owned by institutional investors.

SPDR Gold Shares Stock Performance

GLD opened at $243.06 on Tuesday. SPDR Gold Shares has a one year low of $168.30 and a one year high of $247.37. The company has a fifty day moving average price of $231.33 and a 200-day moving average price of $221.02.

SPDR Gold Shares Company 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).