McBroom & Associates LLC Has $4.68 Million Stock Holdings in SPDR Gold Shares (NYSEARCA:GLD)

McBroom & Associates LLC increased its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 0.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 19,251 shares of the exchange traded fund’s stock after buying an additional 97 shares during the period. SPDR Gold Shares comprises approximately 2.9% of McBroom & Associates LLC’s portfolio, making the stock its 17th largest position. McBroom & Associates LLC’s holdings in SPDR Gold Shares were worth $4,679,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Cadent Capital Advisors LLC grew its position in shares of SPDR Gold Shares by 13.8% in the 3rd quarter. Cadent Capital Advisors LLC now owns 5,924 shares of the exchange traded fund’s stock valued at $1,440,000 after buying an additional 719 shares during the last quarter. E&G Advisors LP increased its position in SPDR Gold Shares by 17.5% during the 3rd quarter. E&G Advisors LP now owns 22,960 shares of the exchange traded fund’s stock valued at $5,578,000 after purchasing an additional 3,420 shares during the period. Embree Financial Group increased its position in SPDR Gold Shares by 9.7% during the 3rd quarter. Embree Financial Group now owns 4,007 shares of the exchange traded fund’s stock valued at $974,000 after purchasing an additional 355 shares during the period. Marks Wealth LLC bought a new position in SPDR Gold Shares during the 3rd quarter worth approximately $15,076,000. Finally, First Bancorp Inc ME acquired a new position in shares of SPDR Gold Shares in the 3rd quarter worth approximately $360,000. 42.19% of the stock is owned by institutional investors.

SPDR Gold Shares Stock Up 1.1 %

NYSEARCA:GLD opened at $251.27 on Friday. SPDR Gold Shares has a 52 week low of $179.11 and a 52 week high of $251.37. The firm’s fifty day moving average is $237.71 and its 200-day moving average is $225.03.

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).