MeadowBrook Investment Advisors LLC Has $384,000 Holdings in SPDR Gold Shares (NYSEARCA:GLD)

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

Several other hedge funds have also recently bought and sold shares of the stock. Romano Brothers AND Company raised its stake in SPDR Gold Shares by 1.0% during the third quarter. Romano Brothers AND Company now owns 4,122 shares of the exchange traded fund’s stock worth $1,002,000 after acquiring an additional 40 shares in the last quarter. Delta Financial Group Inc. boosted its holdings in shares of SPDR Gold Shares by 1.2% during the 3rd quarter. Delta Financial Group Inc. now owns 3,492 shares of the exchange traded fund’s stock worth $849,000 after buying an additional 41 shares in the last quarter. Spinnaker Trust boosted its holdings in shares of SPDR Gold Shares by 1.1% during the 3rd quarter. Spinnaker Trust now owns 3,932 shares of the exchange traded fund’s stock worth $956,000 after buying an additional 43 shares in the last quarter. Compton Wealth Advisory Group LLC boosted its holdings in shares of SPDR Gold Shares by 3.2% during the 3rd quarter. Compton Wealth Advisory Group LLC now owns 1,409 shares of the exchange traded fund’s stock worth $342,000 after buying an additional 44 shares in the last quarter. Finally, Ballast Inc. raised its position in shares of SPDR Gold Shares by 3.6% during the second quarter. Ballast Inc. now owns 1,295 shares of the exchange traded fund’s stock worth $278,000 after purchasing an additional 45 shares during the period. 42.19% of the stock is currently owned by institutional investors and hedge funds.

SPDR Gold Shares Trading Down 0.1 %

NYSEARCA GLD traded down $0.16 on Thursday, reaching $237.47. The company had a trading volume of 2,985,237 shares, compared to its average volume of 7,028,188. The company’s fifty day moving average is $244.74 and its 200 day moving average is $229.21. SPDR Gold Shares has a 52-week low of $181.31 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).