Rakuten Securities Inc. Decreases Stake in SPDR Gold Shares (NYSEARCA:GLD)

Rakuten Securities Inc. cut its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 54.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 833 shares of the exchange traded fund’s stock after selling 990 shares during the quarter. Rakuten Securities Inc.’s holdings in SPDR Gold Shares were worth $202,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the company. Clarus Group Inc. boosted its stake in SPDR Gold Shares by 2.2% in the fourth quarter. Clarus Group Inc. now owns 1,825 shares of the exchange traded fund’s stock worth $442,000 after purchasing an additional 40 shares in the last quarter. Kellett Wealth Advisors LLC raised its holdings in shares of SPDR Gold Shares by 3.6% in the fourth quarter. Kellett Wealth Advisors LLC now owns 1,160 shares of the exchange traded fund’s stock valued at $281,000 after buying an additional 40 shares during the last quarter. Magnus Financial Group LLC lifted its position in SPDR Gold Shares by 0.6% during the 4th quarter. Magnus Financial Group LLC now owns 7,352 shares of the exchange traded fund’s stock worth $1,780,000 after buying an additional 41 shares in the last quarter. Pittenger & Anderson Inc. lifted its position in SPDR Gold Shares by 25.9% during the 4th quarter. Pittenger & Anderson Inc. now owns 199 shares of the exchange traded fund’s stock worth $48,000 after buying an additional 41 shares in the last quarter. Finally, Smartleaf Asset Management LLC grew its holdings in SPDR Gold Shares by 2.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,533 shares of the exchange traded fund’s stock worth $369,000 after acquiring an additional 41 shares during the last quarter. 42.19% of the stock is owned by institutional investors and hedge funds.

SPDR Gold Shares Price Performance

GLD opened at $269.16 on Wednesday. The stock has a market capitalization of $80.91 billion, a P/E ratio of -28.59 and a beta of 0.20. The company’s 50 day simple moving average is $259.29 and its 200-day simple moving average is $248.79. SPDR Gold Shares has a one year low of $198.94 and a one year high of $272.32.

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).