J. Safra Sarasin Holding AG Reduces Holdings in SPDR Gold Shares (NYSEARCA:GLD)

by · The Markets Daily

J. Safra Sarasin Holding AG lowered its stake in SPDR Gold Shares (NYSEARCA:GLD – Free Report) by 61.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,918 shares of the exchange traded fund’s stock after selling 9,471 shares during the period. J. Safra Sarasin Holding AG’s holdings in SPDR Gold Shares were worth $1,429,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. Stifel Financial Corp lifted its position in SPDR Gold Shares by 0.9% in the 4th quarter. Stifel Financial Corp now owns 829,955 shares of the exchange traded fund’s stock valued at $200,957,000 after acquiring an additional 7,424 shares in the last quarter. OneDigital Investment Advisors LLC boosted its holdings in shares of SPDR Gold Shares by 0.7% in the 4th quarter. OneDigital Investment Advisors LLC now owns 31,256 shares of the exchange traded fund’s stock worth $7,568,000 after purchasing an additional 217 shares in the last quarter. Senator Investment Group LP purchased a new position in shares of SPDR Gold Shares during the fourth quarter valued at about $5,160,000. Transce3nd LLC bought a new position in SPDR Gold Shares during the 4th quarter valued at about $4,621,000. Finally, MML Investors Services LLC boosted its holdings in SPDR Gold Shares by 6.0% in the 4th quarter. MML Investors Services LLC now owns 367,494 shares of the exchange traded fund’s stock worth $88,981,000 after buying an additional 20,931 shares during the period. 42.19% of the stock is currently owned by institutional investors and hedge funds.

SPDR Gold Shares Stock Performance

NYSEARCA GLD opened at $311.11 on Wednesday. The firm’s 50 day moving average price is $280.09 and its 200-day moving average price is $259.50. SPDR Gold Shares has a 52-week low of $210.71 and a 52-week high of $317.63. The company has a market cap of $93.52 billion, a PE ratio of -32.58 and a beta of 0.17.

SPDR Gold Shares Profile

(Free Report)

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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