Russell Investments Group Ltd. cut its position in SPDR Gold Shares (NYSEARCA:GLD) by 4.5% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 48,345 shares of the exchange traded fund’s stock after selling 2,255 shares during the period. Russell Investments Group Ltd.’s holdings in SPDR Gold Shares were worth $6,440,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Archford Capital Strategies LLC purchased a new position in SPDR Gold Shares during the second quarter valued at $25,000. Icon Wealth Partners LLC purchased a new position in SPDR Gold Shares during the first quarter valued at $47,000. Glassman Wealth Services purchased a new position in SPDR Gold Shares during the second quarter valued at $56,000. CenterStar Asset Management LLC purchased a new position in SPDR Gold Shares during the second quarter valued at $85,000. Finally, Coastal Capital Group Inc. purchased a new position in SPDR Gold Shares during the second quarter valued at $87,000.
GLD traded down $0.35 during trading on Friday, hitting $140.97. 610,302 shares of the company traded hands, compared to its average volume of 9,262,552. SPDR Gold Shares has a 1 year low of $111.85 and a 1 year high of $146.82. The stock’s 50-day simple moving average is $140.70 and its two-hundred day simple moving average is $128.92.
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).
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