Alexander Labrunerie & CO. Inc. Raises Stock Position in SPDR Gold Shares (NYSEARCA:GLD)

Alexander Labrunerie & CO. Inc. raised its stake in SPDR Gold Shares (NYSEARCA:GLD) by 10.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,382 shares of the exchange traded fund’s stock after buying an additional 135 shares during the period. Alexander Labrunerie & CO. Inc.’s holdings in SPDR Gold Shares were worth $335,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in GLD. Romano Brothers AND Company grew its stake in SPDR Gold Shares by 1.0% in the 3rd quarter. Romano Brothers AND Company now owns 4,122 shares of the exchange traded fund’s stock worth $1,002,000 after acquiring an additional 40 shares during the period. Magnus Financial Group LLC grew its stake in shares of 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 valued at $1,780,000 after buying an additional 41 shares during the period. Spinnaker Trust grew its stake in shares of SPDR Gold Shares by 1.1% during the 3rd quarter. Spinnaker Trust now owns 3,932 shares of the exchange traded fund’s stock valued at $956,000 after buying an additional 43 shares during the period. Adirondack Trust Co. grew its stake in shares of SPDR Gold Shares by 3.3% during the 4th quarter. Adirondack Trust Co. now owns 1,349 shares of the exchange traded fund’s stock valued at $327,000 after buying an additional 43 shares during the period. Finally, Compton Wealth Advisory Group LLC grew its stake in shares of SPDR Gold Shares by 3.2% during the 3rd quarter. Compton Wealth Advisory Group LLC now owns 1,409 shares of the exchange traded fund’s stock valued at $342,000 after buying an additional 44 shares during the period. 42.19% of the stock is owned by hedge funds and other institutional investors.

SPDR Gold Shares Price Performance

Shares of NYSEARCA GLD opened at $262.50 on Wednesday. SPDR Gold Shares has a 52-week low of $183.78 and a 52-week high of $262.54. The firm has a fifty day moving average of $246.73 and a 200-day moving average of $241.04.

About SPDR Gold Shares

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).