SAC Capital Lowers Stake in SPDR Gold Trust in First Quarter

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

As of March 31, SAC held 66,700 shares in the fund backed by the precious metal, compared with 179,601 shares at the end of the fourth quarter, a U.S. Securities and Exchange Commission filing showed today.

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

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