Millie Capital Management LLC Cuts Stake in SPDR Gold Trust (GLD)

Millie Capital Management LLC lessened its stake in shares of SPDR Gold Trust (NYSEARCA:GLD) by 1.6% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 32,328 shares of the exchange traded fund’s stock after selling 519 shares during the quarter. SPDR Gold Trust comprises about 3.4% of Millie Capital Management LLC’s portfolio, making the stock its 7th largest holding. Millie Capital Management LLC’s holdings in SPDR Gold Trust were worth $3,997,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Flow Traders U.S. LLC increased its position in SPDR Gold Trust by 6,385.5% during the third quarter. Flow Traders U.S. LLC now owns 306,633 shares of the exchange traded fund’s stock worth $37,280,000 after acquiring an additional 301,905 shares during the period. Chevy Chase Trust Holdings Inc. increased its position in SPDR Gold Trust by 42.1% during the third quarter. Chevy Chase Trust Holdings Inc. now owns 7,410 shares of the exchange traded fund’s stock worth $901,000 after acquiring an additional 2,195 shares during the period. Sterling Capital Management LLC bought a new position in SPDR Gold Trust during the third quarter worth about $262,000. Covington Capital Management bought a new position in SPDR Gold Trust during the second quarter worth about $4,969,000. Finally, Westside Investment Management Inc. increased its position in SPDR Gold Trust by 4.7% during the third quarter. Westside Investment Management Inc. now owns 25,596 shares of the exchange traded fund’s stock worth $3,125,000 after acquiring an additional 1,159 shares during the period.

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

SPDR Gold Trust (GLD) opened at $124.64 on Friday. SPDR Gold Trust has a 1 year low of $114.02 and a 1 year high of $129.51. The company has a market cap of $35,020.00 and a PE ratio of -14.33.

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SPDR Gold Trust 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).

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

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