Hutchens & Kramer Investment Management Group LLC Has $1.71 Million Position in SPDR Gold Shares (NYSEARCA:GLD)

Hutchens & Kramer Investment Management Group LLC reduced its stake in SPDR Gold Shares (NYSEARCA:GLD) by 4.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,066 shares of the exchange traded fund’s stock after selling 303 shares during the period. SPDR Gold Shares accounts for approximately 0.9% of Hutchens & Kramer Investment Management Group LLC’s investment portfolio, making the stock its 27th biggest position. Hutchens & Kramer Investment Management Group LLC’s holdings in SPDR Gold Shares were worth $1,711,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of GLD. International Assets Investment Management LLC grew its stake in shares of SPDR Gold Shares by 21,571.1% in the third quarter. International Assets Investment Management LLC now owns 3,024,639 shares of the exchange traded fund’s stock valued at $735,169,000 after acquiring an additional 3,010,682 shares in the last quarter. Stifel Financial Corp grew its stake in shares of SPDR Gold Shares by 13.9% in the third quarter. Stifel Financial Corp now owns 822,531 shares of the exchange traded fund’s stock valued at $199,924,000 after acquiring an additional 100,149 shares in the last quarter. State Street Corp grew its stake in shares of SPDR Gold Shares by 6.6% in the third quarter. State Street Corp now owns 764,315 shares of the exchange traded fund’s stock valued at $185,774,000 after acquiring an additional 47,507 shares in the last quarter. US Bancorp DE grew its stake in shares of SPDR Gold Shares by 0.5% in the third quarter. US Bancorp DE now owns 691,648 shares of the exchange traded fund’s stock valued at $168,112,000 after acquiring an additional 3,614 shares in the last quarter. Finally, Rockefeller Capital Management L.P. grew its stake in shares of SPDR Gold Shares by 4.9% in the third quarter. Rockefeller Capital Management L.P. now owns 665,498 shares of the exchange traded fund’s stock valued at $161,670,000 after acquiring an additional 30,952 shares in the last quarter. 42.19% of the stock is currently owned by institutional investors and hedge funds.

SPDR Gold Shares Stock Performance

GLD stock opened at $252.99 on Tuesday. The company’s 50-day simple moving average is $245.31 and its 200 day simple moving average is $239.72. SPDR Gold Shares has a 52 week low of $183.78 and a 52 week high of $257.71.

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).