Sowell Financial Services LLC Has $6.44 Million Position in SPDR Gold Shares (NYSEARCA:GLD)

Sowell Financial Services LLC decreased its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 14.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,582 shares of the exchange traded fund’s stock after selling 4,491 shares during the quarter. Sowell Financial Services LLC’s holdings in SPDR Gold Shares were worth $6,436,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in GLD. Ashton Thomas Securities LLC acquired a new stake in shares of SPDR Gold Shares during the 3rd quarter worth about $28,000. Roxbury Financial LLC acquired a new stake in SPDR Gold Shares during the fourth quarter worth approximately $31,000. PayPay Securities Corp boosted its holdings in shares of SPDR Gold Shares by 55.3% during the fourth quarter. PayPay Securities Corp now owns 132 shares of the exchange traded fund’s stock worth $32,000 after acquiring an additional 47 shares during the period. Capital Performance Advisors LLP acquired a new position in shares of SPDR Gold Shares in the third quarter valued at approximately $35,000. Finally, Keystone Financial Group Inc. bought a new position in shares of SPDR Gold Shares during the fourth quarter worth approximately $39,000. 42.19% of the stock is owned by institutional investors.

SPDR Gold Shares Stock Performance

GLD opened at $268.39 on Friday. SPDR Gold Shares has a fifty-two week low of $198.94 and a fifty-two week high of $272.32. The company has a market capitalization of $80.68 billion, a P/E ratio of -28.59 and a beta of 0.20. The stock has a fifty day moving average of $258.24 and a 200-day moving average of $248.16.

SPDR Gold Shares Profile

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).