Hutchens & Kramer Investment Management Group LLC Sells 303 Shares of SPDR Gold Shares (NYSEARCA:GLD)

Hutchens & Kramer Investment Management Group LLC decreased its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 4.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,066 shares of the exchange traded fund’s stock after selling 303 shares during the quarter. SPDR Gold Shares accounts for approximately 0.9% of Hutchens & Kramer Investment Management Group LLC’s investment portfolio, making the stock its 27th largest position. Hutchens & Kramer Investment Management Group LLC’s holdings in SPDR Gold Shares were worth $1,711,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Ashton Thomas Securities LLC bought a new stake in SPDR Gold Shares during the third quarter worth about $28,000. Capital Performance Advisors LLP bought a new stake in SPDR Gold Shares during the third quarter worth about $35,000. Pittenger & Anderson Inc. bought a new stake in SPDR Gold Shares during the third quarter worth about $38,000. Sugarloaf Wealth Management LLC lifted its position in SPDR Gold Shares by 78.9% during the third quarter. Sugarloaf Wealth Management LLC now owns 161 shares of the exchange traded fund’s stock worth $39,000 after purchasing an additional 71 shares during the period. Finally, Maryland Capital Advisors Inc. bought a new stake in SPDR Gold Shares during the third quarter worth about $40,000. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Down 1.0 %

GLD opened at $252.99 on Tuesday. SPDR Gold Shares has a twelve month low of $183.78 and a twelve month high of $257.71. The company has a 50-day simple moving average of $245.31 and a 200 day simple moving average of $239.72.

SPDR Gold Shares Company 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).