Oarsman Capital Inc. Has $1.70 Million Position in SPDR Gold Shares (NYSEARCA:GLD)

Oarsman Capital Inc. lessened its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 4.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm 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 have also added to or reduced their stakes in GLD. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in SPDR Gold Shares by 24.9% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 94,367 shares of the exchange traded fund’s stock valued at $22,937,000 after acquiring an additional 18,828 shares during the period. Verition Fund Management LLC increased its stake in shares of SPDR Gold Shares by 104.1% during the third quarter. Verition Fund Management LLC now owns 2,570 shares of the exchange traded fund’s stock worth $625,000 after purchasing an additional 64,965 shares during the period. Chevy Chase Trust Holdings LLC lifted its holdings in SPDR Gold Shares by 72.7% during the 3rd quarter. Chevy Chase Trust Holdings LLC now owns 6,106 shares of the exchange traded fund’s stock worth $1,484,000 after purchasing an additional 2,570 shares during the last quarter. Janus Henderson Group PLC boosted its stake in SPDR Gold Shares by 1.8% in the 3rd quarter. Janus Henderson Group PLC now owns 141,263 shares of the exchange traded fund’s stock valued at $34,335,000 after purchasing an additional 2,464 shares during the period. Finally, Morse Asset Management Inc acquired a new position in SPDR Gold Shares in the 3rd quarter valued at $1,929,000. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

GLD stock opened at $279.72 on Friday. The business’s fifty day moving average price is $270.91 and its two-hundred day moving average price is $254.50. The stock has a market capitalization of $84.08 billion, a price-to-earnings ratio of -30.67 and a beta of 0.17. SPDR Gold Shares has a fifty-two week low of $210.71 and a fifty-two week high of $289.13.

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).