Itau Unibanco Holding S.A. Sells 48,000 Shares of SPDR Gold Shares (NYSEARCA:GLD)

Itau Unibanco Holding S.A. trimmed its position in SPDR Gold Shares (NYSEARCA:GLD) by 73.8% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 17,000 shares of the exchange traded fund’s stock after selling 48,000 shares during the period. Itau Unibanco Holding S.A.’s holdings in SPDR Gold Shares were worth $3,655,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Destiny Capital Corp CO grew its position in SPDR Gold Shares by 2.3% in the 2nd quarter. Destiny Capital Corp CO now owns 3,312 shares of the exchange traded fund’s stock worth $712,000 after purchasing an additional 75 shares in the last quarter. Fidelis Capital Partners LLC grew its position in SPDR Gold Shares by 14.3% in the 2nd quarter. Fidelis Capital Partners LLC now owns 37,006 shares of the exchange traded fund’s stock worth $8,162,000 after purchasing an additional 4,632 shares in the last quarter. 1832 Asset Management L.P. grew its position in SPDR Gold Shares by 1.6% in the 2nd quarter. 1832 Asset Management L.P. now owns 5,115 shares of the exchange traded fund’s stock worth $1,100,000 after purchasing an additional 80 shares in the last quarter. Mount Yale Investment Advisors LLC grew its position in shares of SPDR Gold Shares by 1.5% during the 2nd quarter. Mount Yale Investment Advisors LLC now owns 20,715 shares of the exchange traded fund’s stock valued at $4,454,000 after acquiring an additional 310 shares during the period. Finally, Cerity Partners OCIO LLC bought a new position in shares of SPDR Gold Shares during the 2nd quarter valued at approximately $78,434,000. 42.19% of the stock is owned by institutional investors.

SPDR Gold Shares Stock Up 1.3 %

NYSEARCA:GLD opened at $242.21 on Friday. SPDR Gold Shares has a 12 month low of $168.30 and a 12 month high of $242.63. The firm’s 50 day moving average is $228.91 and its 200 day moving average is $219.01.

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).