Nomura Asset Management Co. Ltd. Reduces Stake in SPDR Gold Shares (NYSEARCA:GLD)

Nomura Asset Management Co. Ltd. cut its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 17.8% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 26,300 shares of the exchange traded fund’s stock after selling 5,700 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in SPDR Gold Shares were worth $6,368,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in SPDR Gold Shares by 24.9% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 94,367 shares of the exchange traded fund’s stock worth $22,937,000 after buying an additional 18,828 shares in the last quarter. Verition Fund Management LLC increased its position in SPDR Gold Shares by 104.1% during the 3rd quarter. Verition Fund Management LLC now owns 2,570 shares of the exchange traded fund’s stock worth $625,000 after purchasing an additional 64,965 shares in the last quarter. Flow Traders U.S. LLC purchased a new stake in SPDR Gold Shares during the 3rd quarter worth about $1,853,000. Tradition Wealth Management LLC raised its stake in SPDR Gold Shares by 1.9% in the 3rd quarter. Tradition Wealth Management LLC now owns 3,675 shares of the exchange traded fund’s stock valued at $893,000 after purchasing an additional 69 shares during the last quarter. Finally, Paloma Partners Management Co purchased a new position in SPDR Gold Shares in the 3rd quarter valued at about $389,000. 42.19% of the stock is currently owned by hedge funds and other institutional investors.

SPDR Gold Shares Price Performance

Shares of NYSEARCA GLD opened at $288.14 on Tuesday. The company has a 50-day simple moving average of $268.42 and a 200-day simple moving average of $253.41. The company has a market cap of $86.61 billion, a PE ratio of -29.30 and a beta of 0.20. SPDR Gold Shares has a 12 month low of $206.29 and a 12 month high of $289.13.

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).