Franklin Resources Inc. Reduces Holdings in SPDR Gold Shares (NYSEARCA:GLD)

Franklin Resources Inc. lessened its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 9.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 94,630 shares of the exchange traded fund’s stock after selling 10,121 shares during the quarter. Franklin Resources Inc.’s holdings in SPDR Gold Shares were worth $22,913,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in GLD. Verition Fund Management LLC lifted its position in SPDR Gold Shares by 104.1% in the third quarter. Verition Fund Management LLC now owns 2,570 shares of the exchange traded fund’s stock valued at $625,000 after buying an additional 64,965 shares during the last quarter. Morse Asset Management Inc purchased a new stake in shares of SPDR Gold Shares in the 3rd quarter valued at approximately $1,929,000. Quantinno Capital Management LP lifted its holdings in shares of SPDR Gold Shares by 39.6% in the 3rd quarter. Quantinno Capital Management LP now owns 4,928 shares of the exchange traded fund’s stock worth $1,198,000 after acquiring an additional 1,398 shares during the last quarter. State Street Corp boosted its position in shares of SPDR Gold Shares by 6.6% during the 3rd quarter. State Street Corp now owns 764,315 shares of the exchange traded fund’s stock worth $185,774,000 after purchasing an additional 47,507 shares during the period. Finally, Zacks Investment Management increased its holdings in SPDR Gold Shares by 28.2% in the 3rd quarter. Zacks Investment Management now owns 7,326 shares of the exchange traded fund’s stock valued at $1,781,000 after purchasing an additional 1,613 shares during the last quarter. 42.19% of the stock is currently owned by institutional investors and hedge funds.

SPDR Gold Shares Stock Down 2.3 %

Shares of NYSEARCA GLD opened at $279.72 on Monday. SPDR Gold Shares has a 52-week low of $210.71 and a 52-week high of $289.13. The business’s 50 day moving average is $270.91 and its two-hundred day moving average is $254.76. The firm has a market cap of $84.08 billion, a price-to-earnings ratio of -30.67 and a beta of 0.17.

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).