SPDR Gold Shares (NYSEARCA:GLD) Stake Lowered by Crane Advisory LLC

Crane Advisory LLC reduced its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 2.7% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,170 shares of the exchange traded fund’s stock after selling 61 shares during the period. SPDR Gold Shares accounts for 0.1% of Crane Advisory LLC’s investment portfolio, making the stock its 25th biggest holding. Crane Advisory LLC’s holdings in SPDR Gold Shares were worth $647,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of GLD. Murphy & Mullick Capital Management Corp purchased a new position in shares of SPDR Gold Shares during the 4th quarter valued at $26,000. Roxbury Financial LLC bought a new stake in SPDR Gold Shares in the fourth quarter worth $31,000. Compass Planning Associates Inc bought a new stake in SPDR Gold Shares in the fourth quarter worth $39,000. Pittenger & Anderson Inc. boosted its holdings in SPDR Gold Shares by 25.9% in the fourth quarter. Pittenger & Anderson Inc. now owns 199 shares of the exchange traded fund’s stock worth $48,000 after purchasing an additional 41 shares in the last quarter. Finally, American National Bank & Trust boosted its holdings in SPDR Gold Shares by 189.4% in the first quarter. American National Bank & Trust now owns 191 shares of the exchange traded fund’s stock worth $55,000 after purchasing an additional 125 shares in the last quarter. 42.19% of the stock is currently owned by hedge funds and other institutional investors.

SPDR Gold Shares Trading Up 1.3%

Shares of NYSEARCA:GLD opened at $316.29 on Monday. The stock has a market capitalization of $103.43 billion, a PE ratio of -32.43 and a beta of 0.11. SPDR Gold Shares has a 1 year low of $212.12 and a 1 year high of $317.63. The firm has a fifty day moving average price of $303.57 and a 200 day moving average price of $275.11.

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).