McBroom & Associates LLC Has $5.05 Million Stock Holdings in SPDR Gold Shares (NYSEARCA:GLD)

McBroom & Associates LLC raised its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 8.3% in the 4th quarter, HoldingsChannel reports. The fund owned 20,858 shares of the exchange traded fund’s stock after acquiring an additional 1,607 shares during the period. SPDR Gold Shares comprises approximately 2.9% of McBroom & Associates LLC’s holdings, making the stock its 18th biggest position. McBroom & Associates LLC’s holdings in SPDR Gold Shares were worth $5,050,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of GLD. Romano Brothers AND Company increased its holdings 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 purchasing an additional 40 shares during the period. Clarus Group Inc. grew its position in shares of SPDR Gold Shares by 2.2% in the 4th quarter. Clarus Group Inc. now owns 1,825 shares of the exchange traded fund’s stock valued at $442,000 after buying an additional 40 shares during the last quarter. Magnus Financial Group LLC increased its stake in shares of SPDR Gold Shares by 0.6% in the fourth 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 raised its position in shares of SPDR Gold Shares by 1.1% during the third quarter. Spinnaker Trust now owns 3,932 shares of the exchange traded fund’s stock worth $956,000 after acquiring an additional 43 shares during the last quarter. Finally, Adirondack Trust Co. lifted its stake in shares of SPDR Gold Shares by 3.3% in the fourth quarter. Adirondack Trust Co. now owns 1,349 shares of the exchange traded fund’s stock worth $327,000 after acquiring an additional 43 shares during the period. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Trading Up 1.7 %

Shares of GLD stock opened at $268.37 on Tuesday. SPDR Gold Shares has a one year low of $183.78 and a one year high of $268.66. The business’s 50 day simple moving average is $248.30 and its 200 day simple moving average is $242.21.

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).