Cranbrook Wealth Management LLC grew its position in SPDR Gold Trust (NYSEARCA:GLD) by 2.2% during the fourth quarter, HoldingsChannel.com reports. The firm owned 30,362 shares of the exchange traded fund’s stock after buying an additional 656 shares during the quarter. SPDR Gold Trust comprises approximately 1.5% of Cranbrook Wealth Management LLC’s holdings, making the stock its 25th biggest position. Cranbrook Wealth Management LLC’s holdings in SPDR Gold Trust were worth $3,754,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. RPg Family Wealth Advisory LLC raised its position in shares of SPDR Gold Trust by 118.9% in the third quarter. RPg Family Wealth Advisory LLC now owns 939 shares of the exchange traded fund’s stock valued at $114,000 after purchasing an additional 510 shares during the period. Truepoint Inc. raised its position in shares of SPDR Gold Trust by 2,551.0% in the third quarter. Truepoint Inc. now owns 116,960 shares of the exchange traded fund’s stock valued at $117,000 after purchasing an additional 112,548 shares during the period. Field & Main Bank bought a new position in shares of SPDR Gold Trust in the fourth quarter valued at approximately $127,000. Mandatum Life Insurance Co Ltd bought a new position in shares of SPDR Gold Trust in the fourth quarter valued at approximately $133,000. Finally, First Dallas Securities Inc. bought a new position in shares of SPDR Gold Trust in the fourth quarter valued at approximately $133,000.

Separately, Standpoint Research boosted their target price on shares of SPDR Gold Trust to $28,000.00 in a research report on Thursday, December 7th.

SPDR Gold Trust (NYSEARCA:GLD) opened at $124.77 on Monday. SPDR Gold Trust has a 52-week low of $114.02 and a 52-week high of $129.51. The stock has a market cap of $34,960.00 and a price-to-earnings ratio of -14.34.

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About SPDR Gold Trust

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).

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Institutional Ownership by Quarter for SPDR Gold Trust (NYSEARCA:GLD)

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