The investment arm of Toronto-based CI Financial Corp (>> CI Financial Corp) increased its shares in SPDR Gold Trust
This was up more than five times from its 267,329 shares worth $31.55 million at the end of the second quarter.
The move took place as spot gold
CI Investments cut in half its stake in Barrick Gold Corp (>> Barrick Gold Corp) to 125,600 shares worth $2 million, and increased its call options to 166,396 shares worth $6.8 million. This compares with 154,396 calls worth $7.5 million in the second quarter
It held its stake in Randgold Resources Ltd (>> Randgold Resources) little changed at 22,210 shares at a value of $2.17 million, which rose from $1.97 million in the second quarter.
(Reporting by Marcy Nicholson; Editing by Tom Brown)