Watch Live

Tweet TWEET

SAC Capital Cut Stake in SPDR Gold Trust in Fourth Quarter

Steven A. Cohen’s SAC Capital Advisors LP cut its stake in the SPDR Gold Trust by 5,000 shares in the fourth quarter, according to a government filing.

As of Dec. 31, SAC held 179,601 shares in the fund backed by the precious metal, compared with 184,601 shares at the end of the third quarter, a U.S. Securities and Exchange Commission filing showed today.

The SPDR trust is the biggest exchange-traded product backed by physical gold.

To contact the reporter on this story: Debarati Roy in New York at droy5@bloomberg.net

To contact the editor responsible for this story: Steve Stroth at sstroth@bloomberg.net

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.