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SAC Capital Cut Stake in SPDR Gold Trust in Fourth Quarter

Feb. 14 (Bloomberg) -- 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

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