Joule Financial LLC Has $6.47 Million Stake in SPDR Gold Shares (NYSEARCA:GLD)

Joule Financial LLC decreased its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 47.3% during the first quarter, HoldingsChannel reports. The fund owned 22,437 shares of the exchange traded fund’s stock after selling 20,128 shares during the quarter. SPDR Gold Shares accounts for approximately 2.3% of Joule Financial LLC’s investment portfolio, making the stock its 9th largest holding. Joule Financial LLC’s holdings in SPDR Gold Shares were worth $6,465,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the company. Murphy & Mullick Capital Management Corp purchased a new stake in shares of SPDR Gold Shares in the fourth quarter worth approximately $26,000. Roxbury Financial LLC purchased a new position in SPDR Gold Shares during the 4th quarter valued at $31,000. PayPay Securities Corp grew 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 last quarter. Keystone Financial Group Inc. purchased a new stake in SPDR Gold Shares in the fourth quarter worth $39,000. Finally, Compass Planning Associates Inc purchased a new stake in SPDR Gold Shares in the fourth quarter worth $39,000. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Trading Down 1.3%

NYSEARCA:GLD opened at $305.18 on Friday. The company has a market cap of $99.79 billion, a price-to-earnings ratio of -32.43 and a beta of 0.11. SPDR Gold Shares has a twelve month low of $211.54 and a twelve month high of $317.63. The stock has a fifty day simple moving average of $300.63 and a 200-day simple moving average of $272.44.

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).