Sowell Financial Services LLC Purchases 61,408 Shares of SPDR Gold Shares (NYSEARCA:GLD)


Share on StockTwits

Sowell Financial Services LLC grew its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 55.9% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 171,211 shares of the exchange traded fund’s stock after buying an additional 61,408 shares during the quarter. SPDR Gold Shares accounts for approximately 1.3% of Sowell Financial Services LLC’s investment portfolio, making the stock its 12th biggest holding. Sowell Financial Services LLC’s holdings in SPDR Gold Shares were worth $30,537,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. SG Americas Securities LLC lifted its stake in SPDR Gold Shares by 1,308.6% in the third quarter. SG Americas Securities LLC now owns 3,195,773 shares of the exchange traded fund’s stock valued at $566,035,000 after purchasing an additional 2,968,901 shares during the last quarter. Morgan Stanley raised its stake in shares of SPDR Gold Shares by 15.9% in the third quarter. Morgan Stanley now owns 14,213,487 shares of the exchange traded fund’s stock valued at $2,517,492,000 after buying an additional 1,947,011 shares during the period. M&T Bank Corp lifted its position in shares of SPDR Gold Shares by 1,585.5% during the 3rd quarter. M&T Bank Corp now owns 1,111,493 shares of the exchange traded fund’s stock valued at $196,868,000 after buying an additional 1,045,550 shares during the last quarter. Belvedere Trading LLC lifted its position in shares of SPDR Gold Shares by 162.3% during the 3rd quarter. Belvedere Trading LLC now owns 370,714 shares of the exchange traded fund’s stock valued at $65,661,000 after buying an additional 965,614 shares during the last quarter. Finally, CI Investments Inc. lifted its position in shares of SPDR Gold Shares by 11.4% during the 3rd quarter. CI Investments Inc. now owns 7,584,865 shares of the exchange traded fund’s stock valued at $1,343,431,000 after buying an additional 773,534 shares during the last quarter.

Separately, ValuEngine cut SPDR Gold Shares from a “hold” rating to a “sell” rating in a research report on Monday, November 16th.

GLD traded down $0.24 during trading on Wednesday, reaching $173.88. 426,921 shares of the company were exchanged, compared to its average volume of 13,624,577. The company’s 50-day moving average is $176.64 and its two-hundred day moving average is $176.25. SPDR Gold Shares has a 12-month low of $136.12 and a 12-month high of $194.45.

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).

Featured Story: How is a buy-side analyst different from a sell-side analyst?

Institutional Ownership by Quarter for SPDR Gold Shares (NYSEARCA:GLD)

Receive News & Ratings for SPDR Gold Shares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SPDR Gold Shares and related companies with MarketBeat.com's FREE daily email newsletter.