Mitsubishi UFJ Trust & Banking Corp Decreases Holdings in SPDR Gold Shares (GLD)

Mitsubishi UFJ Trust & Banking Corp reduced its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 78.8% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 40,000 shares of the exchange traded fund’s stock after selling 149,000 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in SPDR Gold Shares were worth $4,863,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. BlackRock Inc. boosted its stake in shares of SPDR Gold Shares by 9.4% during the 2nd quarter. BlackRock Inc. now owns 18,604,275 shares of the exchange traded fund’s stock worth $2,195,677,000 after acquiring an additional 1,600,262 shares in the last quarter. FMR LLC boosted its stake in shares of SPDR Gold Shares by 49.6% during the 2nd quarter. FMR LLC now owns 4,742,502 shares of the exchange traded fund’s stock worth $559,710,000 after acquiring an additional 1,572,655 shares in the last quarter. CI Investments Inc. boosted its stake in shares of SPDR Gold Shares by 442.2% during the 3rd quarter. CI Investments Inc. now owns 1,449,429 shares of the exchange traded fund’s stock worth $176,222,000 after acquiring an additional 1,182,100 shares in the last quarter. First Eagle Investment Management LLC boosted its stake in shares of SPDR Gold Shares by 17.3% during the 3rd quarter. First Eagle Investment Management LLC now owns 6,299,803 shares of the exchange traded fund’s stock worth $765,930,000 after acquiring an additional 928,321 shares in the last quarter. Finally, SG Americas Securities LLC boosted its stake in shares of SPDR Gold Shares by 2,834.6% during the 2nd quarter. SG Americas Securities LLC now owns 655,169 shares of the exchange traded fund’s stock worth $77,323,000 after acquiring an additional 632,843 shares in the last quarter.

Shares of SPDR Gold Shares (NYSEARCA:GLD) traded down $0.20 during trading hours on Tuesday, hitting $117.81. The company had a trading volume of 4,522,200 shares, compared to its average volume of 7,445,238. SPDR Gold Shares has a twelve month low of $107.00 and a twelve month high of $128.32.

Separately, Standpoint Research raised their target price on SPDR Gold Shares to $28,000.00 in a research report on Thursday, December 7th.

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About SPDR Gold Shares

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).

Institutional Ownership by Quarter for SPDR Gold Shares (NYSEARCA:GLD)

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