Crestwood Advisors Group LLC Buys 1,386 Shares of SPDR Gold Shares (NYSEARCA:GLD)

Crestwood Advisors Group LLC increased its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 27.7% in the fourth quarter, Holdings Channel.com reports. The fund owned 6,383 shares of the exchange traded fund’s stock after purchasing an additional 1,386 shares during the period. Crestwood Advisors Group LLC’s holdings in SPDR Gold Shares were worth $1,546,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Clarus Group Inc. boosted its holdings in shares of SPDR Gold Shares by 2.2% during the 4th quarter. Clarus Group Inc. now owns 1,825 shares of the exchange traded fund’s stock valued at $442,000 after purchasing an additional 40 shares during the last quarter. Magnus Financial Group LLC increased its holdings in shares of SPDR Gold Shares by 0.6% in the fourth quarter. Magnus Financial Group LLC now owns 7,352 shares of the exchange traded fund’s stock worth $1,780,000 after purchasing an additional 41 shares during the last quarter. Pittenger & Anderson Inc. lifted its position in shares of 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 buying an additional 41 shares in the last quarter. Gradient Capital Advisors LLC boosted its stake in SPDR Gold Shares by 0.7% during the fourth quarter. Gradient Capital Advisors LLC now owns 5,743 shares of the exchange traded fund’s stock valued at $1,391,000 after buying an additional 42 shares during the last quarter. Finally, Spinnaker Trust grew its holdings in SPDR Gold Shares by 1.1% during the 3rd quarter. Spinnaker Trust now owns 3,932 shares of the exchange traded fund’s stock valued at $956,000 after buying an additional 43 shares in the last quarter. 42.19% of the stock is owned by hedge funds and other institutional investors.

SPDR Gold Shares Stock Up 0.5 %

NYSEARCA:GLD opened at $272.21 on Tuesday. SPDR Gold Shares has a 1 year low of $187.53 and a 1 year high of $272.32. The stock’s 50 day simple moving average is $253.55 and its two-hundred day simple moving average is $245.84.

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).