Kimelman & Baird LLC Purchases Shares of 5,540 SPDR Gold Shares (NYSEARCA:GLD)

Kimelman & Baird LLC bought a new position in shares of SPDR Gold Shares (NYSEARCA:GLD) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 5,540 shares of the exchange traded fund’s stock, valued at approximately $1,191,000.

Other hedge funds also recently modified their holdings of the company. TKG Advisors LLC lifted its stake in shares of SPDR Gold Shares by 0.7% during the 4th quarter. TKG Advisors LLC now owns 15,224 shares of the exchange traded fund’s stock worth $2,910,000 after buying an additional 110 shares during the last quarter. City Holding Co. raised its stake in SPDR Gold Shares by 5.6% in the 1st quarter. City Holding Co. now owns 3,708 shares of the exchange traded fund’s stock worth $763,000 after purchasing an additional 195 shares in the last quarter. St. Johns Investment Management Company LLC raised its stake in SPDR Gold Shares by 5.7% in the 1st quarter. St. Johns Investment Management Company LLC now owns 27,729 shares of the exchange traded fund’s stock worth $5,704,000 after purchasing an additional 1,492 shares in the last quarter. Bradley Foster & Sargent Inc. CT raised its stake in SPDR Gold Shares by 0.8% in the 4th quarter. Bradley Foster & Sargent Inc. CT now owns 297,779 shares of the exchange traded fund’s stock worth $56,926,000 after purchasing an additional 2,335 shares in the last quarter. Finally, Traynor Capital Management Inc. raised its stake in SPDR Gold Shares by 19.9% in the 1st quarter. Traynor Capital Management Inc. now owns 1,720 shares of the exchange traded fund’s stock worth $354,000 after purchasing an additional 285 shares in the last quarter. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

GLD stock opened at $245.02 on Monday. The company’s 50-day moving average price is $230.90 and its two-hundred day moving average price is $220.72. SPDR Gold Shares has a 12 month low of $168.30 and a 12 month high of $247.37.

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).