McBroom & Associates LLC Cuts Position in SPDR Gold Shares (NYSEARCA:GLD)

McBroom & Associates LLC decreased its stake in SPDR Gold Shares (NYSEARCA:GLD) by 1.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,629 shares of the exchange traded fund’s stock after selling 229 shares during the period. SPDR Gold Shares makes up 3.4% of McBroom & Associates LLC’s portfolio, making the stock its 17th biggest position. 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 (SEC).

Other institutional investors and hedge funds also recently modified their holdings of the company. Grant Private Wealth Management Inc acquired a new stake in SPDR Gold Shares in the first quarter valued at approximately $248,000. American Institute for Advanced Investment Management LLP grew its position in SPDR Gold Shares by 8.9% in the first quarter. American Institute for Advanced Investment Management LLP now owns 4,883 shares of the exchange traded fund’s stock valued at $1,407,000 after acquiring an additional 400 shares in the last quarter. Raub Brock Capital Management LP acquired a new stake in SPDR Gold Shares in the first quarter valued at approximately $449,000. Everpar Advisors LLC acquired a new stake in SPDR Gold Shares in the first quarter valued at approximately $205,000. Finally, CRA Financial Services LLC grew its position in SPDR Gold Shares by 4.1% in the first quarter. CRA Financial Services LLC now owns 6,019 shares of the exchange traded fund’s stock valued at $1,734,000 after acquiring an additional 239 shares in the last quarter. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Up 1.3%

Shares of NYSEARCA:GLD opened at $316.29 on Friday. SPDR Gold Shares has a 52-week low of $212.12 and a 52-week high of $317.63. The company has a 50 day moving average of $303.57 and a two-hundred day moving average of $274.89. The company 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 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).