Cynosure Group LLC Acquires 27,005 Shares of SPDR Gold Shares (NYSEARCA:GLD)

Cynosure Group LLC raised its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 125.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 48,521 shares of the exchange traded fund’s stock after acquiring an additional 27,005 shares during the quarter. SPDR Gold Shares comprises approximately 1.7% of Cynosure Group LLC’s portfolio, making the stock its 15th biggest holding. Cynosure Group LLC’s holdings in SPDR Gold Shares were worth $11,794,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in GLD. International Assets Investment Management LLC increased its holdings in SPDR Gold Shares by 21,571.1% during the 3rd quarter. International Assets Investment Management LLC now owns 3,024,639 shares of the exchange traded fund’s stock worth $735,169,000 after acquiring an additional 3,010,682 shares during the period. Envestnet Asset Management Inc. increased its holdings in shares of SPDR Gold Shares by 2.6% in the second quarter. Envestnet Asset Management Inc. now owns 1,128,933 shares of the exchange traded fund’s stock worth $242,732,000 after purchasing an additional 28,683 shares during the period. Commonwealth Equity Services LLC raised its position in shares of SPDR Gold Shares by 7.5% in the second quarter. Commonwealth Equity Services LLC now owns 1,007,710 shares of the exchange traded fund’s stock worth $216,668,000 after buying an additional 70,290 shares in the last quarter. Raymond James Financial Services Advisors Inc. boosted its stake in SPDR Gold Shares by 6.8% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 857,981 shares of the exchange traded fund’s stock valued at $184,474,000 after buying an additional 54,974 shares during the period. Finally, Arizona PSPRS Trust purchased a new position in SPDR Gold Shares during the second quarter worth about $157,187,000. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

Shares of NYSEARCA GLD opened at $242.95 on Wednesday. The stock’s 50-day simple moving average is $246.22 and its two-hundred day simple moving average is $231.09. SPDR Gold Shares has a twelve month low of $183.15 and a twelve month high of $257.71.

About SPDR Gold Shares

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).