Sowell Financial Services LLC Purchases 1,919 Shares of SPDR Gold Shares (NYSEARCA:GLD)

Sowell Financial Services LLC boosted its stake in SPDR Gold Shares (NYSEARCA:GLD) by 17.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,760 shares of the exchange traded fund’s stock after acquiring an additional 1,919 shares during the period. Sowell Financial Services LLC’s holdings in SPDR Gold Shares were worth $1,547,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Amussen Hunsaker Associates LLC grew its stake in shares of SPDR Gold Shares by 29.3% during the 4th quarter. Amussen Hunsaker Associates LLC now owns 3,265 shares of the exchange traded fund’s stock valued at $405,000 after acquiring an additional 740 shares during the period. Actinver Wealth Management Inc. bought a new position in shares of SPDR Gold Shares during the 4th quarter valued at approximately $287,000. Financial Advocates Investment Management grew its stake in shares of SPDR Gold Shares by 19.7% during the 4th quarter. Financial Advocates Investment Management now owns 58,974 shares of the exchange traded fund’s stock valued at $7,151,000 after acquiring an additional 9,690 shares during the period. Pinnacle Wealth Planning Services Inc. grew its stake in shares of SPDR Gold Shares by 23.9% during the 4th quarter. Pinnacle Wealth Planning Services Inc. now owns 2,795 shares of the exchange traded fund’s stock valued at $339,000 after acquiring an additional 539 shares during the period. Finally, Archetype Wealth Partners LLC bought a new position in shares of SPDR Gold Shares during the 4th quarter valued at approximately $3,440,000.

GLD stock traded up $0.09 during midday trading on Friday, hitting $120.37. The company’s stock had a trading volume of 4,090,401 shares, compared to its average volume of 7,976,173. SPDR Gold Shares has a 12 month low of $111.06 and a 12 month high of $127.88.

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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).

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

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