McBroom & Associates LLC Buys 1,607 Shares of SPDR Gold Shares (NYSEARCA:GLD)

McBroom & Associates LLC increased its stake in SPDR Gold Shares (NYSEARCA:GLD) by 8.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 20,858 shares of the exchange traded fund’s stock after purchasing an additional 1,607 shares during the period. SPDR Gold Shares makes up 2.9% of McBroom & Associates LLC’s holdings, making the stock its 18th biggest holding. McBroom & Associates LLC’s holdings in SPDR Gold Shares were worth $5,050,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of GLD. Romano Brothers AND Company boosted its stake in SPDR Gold Shares by 1.0% in the third quarter. Romano Brothers AND Company now owns 4,122 shares of the exchange traded fund’s stock valued at $1,002,000 after buying an additional 40 shares in the last quarter. Clarus Group Inc. lifted its holdings in shares of 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 acquiring an additional 40 shares during the last quarter. Magnus Financial Group LLC boosted its stake in shares of SPDR Gold Shares by 0.6% in 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 purchasing an additional 41 shares in the last quarter. Spinnaker Trust grew its holdings 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 purchasing an additional 43 shares during the last quarter. Finally, Adirondack Trust Co. increased its position in 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 worth $327,000 after purchasing an additional 43 shares in the last quarter. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

Shares of NYSEARCA:GLD opened at $268.37 on Tuesday. The firm has a 50 day simple moving average of $248.30 and a 200 day simple moving average of $242.21. SPDR Gold Shares has a one year low of $183.78 and a one year high of $268.66.

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).