Cowa LLC Sells 8,519 Shares of SPDR Gold Shares (NYSEARCA:GLD)

Cowa LLC reduced its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 42.8% during the fourth quarter, HoldingsChannel.com reports. The fund owned 11,388 shares of the exchange traded fund’s stock after selling 8,519 shares during the quarter. SPDR Gold Shares makes up approximately 1.3% of Cowa LLC’s investment portfolio, making the stock its 25th largest position. Cowa LLC’s holdings in SPDR Gold Shares were worth $2,758,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. Turning Point Benefit Group Inc. bought a new stake in SPDR Gold Shares during the fourth quarter worth $1,019,000. Oxbow Advisors LLC lifted its holdings in SPDR Gold Shares by 6.6% during the fourth quarter. Oxbow Advisors LLC now owns 29,133 shares of the exchange traded fund’s stock worth $7,054,000 after acquiring an additional 1,799 shares during the period. Thompson Davis & CO. Inc. lifted its holdings in SPDR Gold Shares by 2.0% during the fourth quarter. Thompson Davis & CO. Inc. now owns 2,612 shares of the exchange traded fund’s stock worth $632,000 after acquiring an additional 50 shares during the period. Navellier & Associates Inc. lifted its holdings in SPDR Gold Shares by 246.2% during the fourth quarter. Navellier & Associates Inc. now owns 7,065 shares of the exchange traded fund’s stock worth $1,711,000 after acquiring an additional 5,024 shares during the period. Finally, Matauro LLC bought a new stake in shares of SPDR Gold Shares in the fourth quarter valued at $3,784,000. 42.19% of the stock is currently owned by institutional investors.

SPDR Gold Shares Stock Performance

Shares of GLD opened at $270.74 on Friday. The stock’s fifty day moving average price is $253.00 and its two-hundred day moving average price is $245.15. SPDR Gold Shares has a 1 year low of $187.05 and a 1 year high of $271.84.

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).