Auctus Advisors LLC Buys Shares of 2,366 SPDR Gold Shares $GLD

Auctus Advisors LLC purchased a new stake in SPDR Gold Shares (NYSEARCA:GLDFree Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 2,366 shares of the exchange traded fund’s stock, valued at approximately $938,000. SPDR Gold Shares accounts for 0.9% of Auctus Advisors LLC’s investment portfolio, making the stock its 5th biggest position.

Several other hedge funds and other institutional investors have also made changes to their positions in GLD. Empirical Asset Management LLC grew its position in shares of SPDR Gold Shares by 256.7% in the 3rd quarter. Empirical Asset Management LLC now owns 36,404 shares of the exchange traded fund’s stock valued at $12,941,000 after acquiring an additional 26,197 shares during the period. Colonial Trust Advisors raised its holdings in shares of SPDR Gold Shares by 7.6% in the 3rd quarter. Colonial Trust Advisors now owns 19,720 shares of the exchange traded fund’s stock valued at $7,010,000 after purchasing an additional 1,385 shares during the period. Spirepoint Private Client LLC bought a new stake in shares of SPDR Gold Shares in the 3rd quarter valued at about $742,000. FAS Wealth Partners Inc. lifted its stake in SPDR Gold Shares by 71.1% in the 3rd quarter. FAS Wealth Partners Inc. now owns 20,916 shares of the exchange traded fund’s stock valued at $7,435,000 after purchasing an additional 8,691 shares during the last quarter. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors lifted its stake in SPDR Gold Shares by 19.4% in the 3rd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 36,470 shares of the exchange traded fund’s stock valued at $12,964,000 after purchasing an additional 5,932 shares during the last quarter. 42.19% of the stock is currently owned by institutional investors.

SPDR Gold Shares News Roundup

Here are the key news stories impacting SPDR Gold Shares this week:

SPDR Gold Shares Stock Performance

SPDR Gold Shares stock opened at $414.70 on Friday. The stock has a 50-day simple moving average of $455.75 and a 200 day simple moving average of $406.44. The stock has a market capitalization of $157.63 billion, a P/E ratio of -32.43 and a beta of 0.09. SPDR Gold Shares has a 52 week low of $272.58 and a 52 week high of $509.70.

SPDR Gold Shares Company Profile

(Free Report)

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). The Trust issues Shares in Baskets to certain authorized participants (Authorized Participants) on an ongoing basis. The creation and redemption of Baskets is only made in exchange for the delivery to the Trust or the distribution by the Trust of the amount of gold and any cash represented by the Baskets being created or redeemed, the amount of which will be based on the combined net asset value of various Shares included in the Baskets being created or redeemed determined on the day the order to create or redeem Baskets is properly received.

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

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