MeadowBrook Investment Advisors LLC Boosts Stake in SPDR Gold Shares (NYSEARCA:GLD)

MeadowBrook Investment Advisors LLC raised its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 9.2% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,578 shares of the exchange traded fund’s stock after buying an additional 133 shares during the period. MeadowBrook Investment Advisors LLC’s holdings in SPDR Gold Shares were worth $384,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of GLD. Triad Wealth Partners LLC acquired a new position in SPDR Gold Shares during the second quarter worth about $25,000. Semmax Financial Advisors Inc. grew its stake in SPDR Gold Shares by 78.7% during the second quarter. Semmax Financial Advisors Inc. now owns 109 shares of the exchange traded fund’s stock worth $25,000 after buying an additional 48 shares during the period. Private Ocean LLC grew its stake in SPDR Gold Shares by 155.1% during the second quarter. Private Ocean LLC now owns 125 shares of the exchange traded fund’s stock worth $27,000 after buying an additional 76 shares during the period. Ashton Thomas Securities LLC purchased a new position in shares of SPDR Gold Shares in the third quarter valued at $28,000. Finally, Chris Bulman Inc purchased a new position in shares of SPDR Gold Shares in the second quarter valued at $29,000. 42.19% of the stock is currently owned by institutional investors and hedge funds.

SPDR Gold Shares Stock Down 0.1 %

Shares of NYSEARCA:GLD traded down $0.16 on Thursday, reaching $237.47. 2,985,237 shares of the company’s stock were exchanged, compared to its average volume of 7,028,188. SPDR Gold Shares has a fifty-two week low of $181.31 and a fifty-two week high of $257.71. The business’s 50-day moving average is $244.74 and its two-hundred day moving average is $229.21.

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).