SPDR Gold Shares (NYSEARCA:GLD) Shares Purchased by Flagstar Advisors Inc.

Flagstar Advisors Inc. boosted its stake in SPDR Gold Shares (NYSEARCA:GLD) by 2.6% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 9,118 shares of the exchange traded fund’s stock after acquiring an additional 229 shares during the period. Flagstar Advisors Inc.’s holdings in SPDR Gold Shares were worth $2,216,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Triad Wealth Partners LLC purchased a new stake in shares of SPDR Gold Shares in the 2nd quarter valued at approximately $25,000. Semmax Financial Advisors Inc. raised its position in SPDR Gold Shares by 78.7% in the second quarter. Semmax Financial Advisors Inc. now owns 109 shares of the exchange traded fund’s stock valued at $25,000 after purchasing an additional 48 shares during the period. Private Ocean LLC lifted its stake in SPDR Gold Shares by 155.1% during the second quarter. Private Ocean LLC now owns 125 shares of the exchange traded fund’s stock worth $27,000 after purchasing an additional 76 shares in the last quarter. Ashton Thomas Securities LLC purchased a new position in shares of SPDR Gold Shares during the third quarter worth $28,000. Finally, Chris Bulman Inc acquired a new stake in shares of SPDR Gold Shares in the second quarter valued at $29,000. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Trading Up 1.3 %

GLD stock opened at $249.84 on Friday. The business’s fifty day moving average price is $246.03 and its 200 day moving average price is $230.51. SPDR Gold Shares has a 12-month low of $183.15 and a 12-month high of $257.71.

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).