Brendel Financial Advisors LLC Boosts Holdings in SPDR Gold Shares (NYSEARCA:GLD)

Brendel Financial Advisors LLC lifted its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 3.3% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,226 shares of the exchange traded fund’s stock after purchasing an additional 295 shares during the period. Brendel Financial Advisors LLC’s holdings in SPDR Gold Shares were worth $2,242,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Delta Financial Group Inc. lifted its stake in SPDR Gold Shares by 1.2% in the 3rd quarter. Delta Financial Group Inc. now owns 3,492 shares of the exchange traded fund’s stock valued at $849,000 after buying an additional 41 shares in the last quarter. Ballast Inc. increased its position in SPDR Gold Shares by 3.6% during the 2nd quarter. Ballast Inc. now owns 1,295 shares of the exchange traded fund’s stock worth $278,000 after purchasing an additional 45 shares in the last quarter. Sunbelt Securities Inc. lifted its holdings in SPDR Gold Shares by 2.2% in the 2nd quarter. Sunbelt Securities Inc. now owns 2,116 shares of the exchange traded fund’s stock valued at $455,000 after purchasing an additional 45 shares in the last quarter. Peoples Bank KS lifted its holdings in SPDR Gold Shares by 4.6% in the 3rd quarter. Peoples Bank KS now owns 1,023 shares of the exchange traded fund’s stock valued at $249,000 after purchasing an additional 45 shares in the last quarter. Finally, Burkett Financial Services LLC grew its holdings in shares of SPDR Gold Shares by 9.9% during the second quarter. Burkett Financial Services LLC now owns 512 shares of the exchange traded fund’s stock worth $110,000 after buying an additional 46 shares in the last quarter. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

Shares of GLD traded up $1.45 on Thursday, hitting $242.50. 2,531,718 shares of the stock traded hands, compared to its average volume of 7,012,660. SPDR Gold Shares has a 1 year low of $173.24 and a 1 year high of $247.37. The stock’s 50 day moving average is $234.46 and its two-hundred day moving average is $223.00.

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).