Horrell Capital Management Inc. Reduces Holdings in SPDR Gold Shares (NYSEARCA:GLD)

Horrell Capital Management Inc. reduced its position in SPDR Gold Shares (NYSEARCA:GLD) by 25.2% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 1,485 shares of the exchange traded fund’s stock after selling 500 shares during the period. Horrell Capital Management Inc.’s holdings in SPDR Gold Shares were worth $360,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. Roxbury Financial LLC purchased a new position in SPDR Gold Shares during the 4th quarter worth $31,000. PayPay Securities Corp increased its position in SPDR Gold Shares by 55.3% in the 4th quarter. PayPay Securities Corp now owns 132 shares of the exchange traded fund’s stock valued at $32,000 after acquiring an additional 47 shares during the period. Compass Planning Associates Inc purchased a new stake in SPDR Gold Shares during the 4th quarter valued at approximately $39,000. Keystone Financial Group Inc. acquired a new stake in SPDR Gold Shares during the 4th quarter worth approximately $39,000. Finally, SOA Wealth Advisors LLC. grew its stake in shares of SPDR Gold Shares by 54.0% in the 3rd quarter. SOA Wealth Advisors LLC. now owns 194 shares of the exchange traded fund’s stock valued at $47,000 after purchasing an additional 68 shares during the last quarter. 42.19% of the stock is owned by institutional investors and hedge funds.

SPDR Gold Shares Price Performance

SPDR Gold Shares stock opened at $278.49 on Monday. The business has a 50 day simple moving average of $264.47 and a 200-day simple moving average of $251.35. SPDR Gold Shares has a 12 month low of $200.97 and a 12 month high of $281.48. The stock has a market capitalization of $83.71 billion, a PE ratio of -29.30 and a beta of 0.20.

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).