Northcape Wealth Management LLC Sells 3,350 Shares of SPDR Gold Shares (NYSEARCA:GLD)

Northcape Wealth Management LLC trimmed its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 3.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 89,218 shares of the exchange traded fund’s stock after selling 3,350 shares during the quarter. SPDR Gold Shares comprises 6.2% of Northcape Wealth Management LLC’s portfolio, making the stock its biggest holding. Northcape Wealth Management LLC’s holdings in SPDR Gold Shares were worth $17,056,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Toronto Dominion Bank grew its position in shares of SPDR Gold Shares by 14.5% in the third quarter. Toronto Dominion Bank now owns 4,660,292 shares of the exchange traded fund’s stock valued at $799,007,000 after purchasing an additional 591,368 shares during the last quarter. First Eagle Investment Management LLC grew its position in shares of SPDR Gold Shares by 4.2% in the third quarter. First Eagle Investment Management LLC now owns 3,451,135 shares of the exchange traded fund’s stock valued at $599,794,000 after purchasing an additional 137,604 shares during the last quarter. International Assets Investment Management LLC lifted its stake in shares of SPDR Gold Shares by 19,989.3% in the fourth quarter. International Assets Investment Management LLC now owns 2,437,035 shares of the exchange traded fund’s stock valued at $465,888,000 after buying an additional 2,424,904 shares during the period. Mackenzie Financial Corp lifted its stake in shares of SPDR Gold Shares by 0.6% in the third quarter. Mackenzie Financial Corp now owns 1,637,245 shares of the exchange traded fund’s stock valued at $276,956,000 after buying an additional 9,005 shares during the period. Finally, Euclidean Capital LLC lifted its stake in shares of SPDR Gold Shares by 91.4% in the third quarter. Euclidean Capital LLC now owns 1,062,500 shares of the exchange traded fund’s stock valued at $182,166,000 after buying an additional 507,500 shares during the period. 42.19% of the stock is owned by institutional investors and hedge funds.

SPDR Gold Shares Stock Down 1.9 %

Shares of NYSEARCA GLD traded down $4.18 during mid-day trading on Tuesday, hitting $212.00. The company had a trading volume of 11,212,974 shares, compared to its average volume of 7,953,873. The business’s 50-day simple moving average is $205.15 and its 200-day simple moving average is $192.99. SPDR Gold Shares has a 12 month low of $168.30 and a 12 month high of $225.09.

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).