Oarsman Capital Inc. Sells 325 Shares of SPDR Gold Shares (NYSEARCA:GLD)

Oarsman Capital Inc. lowered its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 4.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,022 shares of the exchange traded fund’s stock after selling 325 shares during the period. Oarsman Capital Inc.’s holdings in SPDR Gold Shares were worth $1,700,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in GLD. Murphy & Mullick Capital Management Corp acquired a new stake in shares of SPDR Gold Shares in the fourth quarter valued at about $26,000. Roxbury Financial LLC acquired a new position in shares of SPDR Gold Shares during the 4th quarter worth approximately $31,000. PayPay Securities Corp increased its position in shares of SPDR Gold Shares by 55.3% during the 4th quarter. PayPay Securities Corp now owns 132 shares of the exchange traded fund’s stock worth $32,000 after purchasing an additional 47 shares during the last quarter. Keystone Financial Group Inc. bought a new stake in shares of SPDR Gold Shares during the 4th quarter worth approximately $39,000. Finally, Compass Planning Associates Inc bought a new position in shares of SPDR Gold Shares in the fourth quarter valued at $39,000. 42.19% of the stock is currently owned by institutional investors and hedge funds.

SPDR Gold Shares Trading Down 2.3 %

Shares of GLD opened at $279.72 on Friday. The company’s fifty day simple moving average is $270.91 and its 200 day simple moving average is $254.50. SPDR Gold Shares has a 1-year low of $210.71 and a 1-year high of $289.13. The company has a market cap of $84.08 billion, a price-to-earnings ratio of -30.67 and a beta of 0.17.

SPDR Gold Shares Company 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).