SPDR Gold Shares (NYSEARCA:GLD) Shares Sold by McBroom & Associates LLC

McBroom & Associates LLC lowered its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 1.1% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,629 shares of the exchange traded fund’s stock after selling 229 shares during the quarter. SPDR Gold Shares makes up about 3.4% of McBroom & Associates LLC’s investment portfolio, making the stock its 17th largest holding. McBroom & Associates LLC’s holdings in SPDR Gold Shares were worth $5,944,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. boosted its holdings in SPDR Gold Shares by 6.6% in the first quarter. Thurston Springer Miller Herd & Titak Inc. now owns 568 shares of the exchange traded fund’s stock valued at $164,000 after acquiring an additional 35 shares during the last quarter. Farmers & Merchants Investments Inc. lifted its stake in SPDR Gold Shares by 1.0% in the first quarter. Farmers & Merchants Investments Inc. now owns 3,662 shares of the exchange traded fund’s stock valued at $1,055,000 after buying an additional 37 shares during the period. KMG Fiduciary Partners LLC lifted its stake in SPDR Gold Shares by 1.1% in the first quarter. KMG Fiduciary Partners LLC now owns 3,563 shares of the exchange traded fund’s stock valued at $1,027,000 after buying an additional 38 shares during the period. Marcum Wealth LLC lifted its stake in SPDR Gold Shares by 4.3% in the first quarter. Marcum Wealth LLC now owns 954 shares of the exchange traded fund’s stock valued at $275,000 after buying an additional 39 shares during the period. Finally, Kellett Wealth Advisors LLC lifted its stake in SPDR Gold Shares by 3.6% in the fourth quarter. Kellett Wealth Advisors LLC now owns 1,160 shares of the exchange traded fund’s stock valued at $281,000 after buying an additional 40 shares during the period. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Trading Up 1.3%

NYSEARCA:GLD opened at $316.29 on Friday. SPDR Gold Shares has a 1-year low of $212.12 and a 1-year high of $317.63. The business’s 50-day moving average price is $303.57 and its two-hundred day moving average price is $274.89. The firm has a market capitalization of $103.43 billion, a price-to-earnings ratio of -32.43 and a beta of 0.11.

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).