Hutchens & Kramer Investment Management Group LLC Grows Position in SPDR Gold Shares (NYSEARCA:GLD)

Hutchens & Kramer Investment Management Group LLC lifted its position in SPDR Gold Shares (NYSEARCA:GLD) by 7.3% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 7,369 shares of the exchange traded fund’s stock after purchasing an additional 500 shares during the period. SPDR Gold Shares comprises approximately 1.0% of Hutchens & Kramer Investment Management Group LLC’s portfolio, making the stock its 23rd biggest holding. Hutchens & Kramer Investment Management Group LLC’s holdings in SPDR Gold Shares were worth $1,810,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Toronto Dominion Bank raised its holdings in SPDR Gold Shares by 23.6% in the first quarter. Toronto Dominion Bank now owns 5,649,510 shares of the exchange traded fund’s stock worth $1,162,217,000 after buying an additional 1,079,452 shares during the last quarter. Envestnet Asset Management Inc. raised its stake in SPDR Gold Shares by 2.6% during the 2nd quarter. Envestnet Asset Management Inc. now owns 1,128,933 shares of the exchange traded fund’s stock valued at $242,732,000 after buying an additional 28,683 shares during the last quarter. Commonwealth Equity Services LLC lifted its holdings in shares of SPDR Gold Shares by 7.5% during the 2nd quarter. Commonwealth Equity Services LLC now owns 1,007,710 shares of the exchange traded fund’s stock valued at $216,668,000 after buying an additional 70,290 shares during the period. Raymond James Financial Services Advisors Inc. boosted its stake in shares of SPDR Gold Shares by 6.8% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 857,981 shares of the exchange traded fund’s stock worth $184,474,000 after buying an additional 54,974 shares during the last quarter. Finally, Arizona PSPRS Trust bought a new stake in shares of SPDR Gold Shares in the second quarter worth $157,187,000. 42.19% of the stock is owned by hedge funds and other institutional investors.

SPDR Gold Shares Price Performance

Shares of NYSEARCA GLD traded up $0.83 during midday trading on Tuesday, hitting $245.90. 5,636,736 shares of the company’s stock traded hands, compared to its average volume of 6,995,424. SPDR Gold Shares has a 1 year low of $177.54 and a 1 year high of $247.37. The firm has a fifty day moving average of $235.65 and a 200 day moving average of $224.02.

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).