GenTrust LLC Purchases 39,899 Shares of SPDR Gold Shares (NYSEARCA:GLD)

GenTrust LLC boosted its position in SPDR Gold Shares (NYSEARCA:GLD) by 525.2% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 47,496 shares of the exchange traded fund’s stock after purchasing an additional 39,899 shares during the quarter. GenTrust LLC’s holdings in SPDR Gold Shares were worth $11,544,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Semmax Financial Advisors Inc. lifted its position in shares of SPDR Gold Shares by 78.7% during the 2nd quarter. Semmax Financial Advisors Inc. now owns 109 shares of the exchange traded fund’s stock valued at $25,000 after acquiring an additional 48 shares during the period. Triad Wealth Partners LLC bought a new stake in shares of SPDR Gold Shares during the 2nd quarter valued at $25,000. Ashton Thomas Securities LLC bought a new stake in shares of SPDR Gold Shares during the 3rd quarter valued at $28,000. Private Ocean LLC lifted its position in shares of SPDR Gold Shares by 155.1% during the 2nd quarter. Private Ocean LLC now owns 125 shares of the exchange traded fund’s stock valued at $27,000 after acquiring an additional 76 shares during the period. Finally, Chris Bulman Inc bought a new stake in shares of SPDR Gold Shares during the 2nd quarter valued at $29,000. 42.19% of the stock is currently owned by institutional investors.

SPDR Gold Shares Trading Up 1.3 %

NYSEARCA:GLD opened at $249.84 on Friday. The stock has a fifty day moving average price of $246.03 and a 200-day moving average price of $230.51. SPDR Gold Shares has a fifty-two week low of $183.15 and a fifty-two week high of $257.71.

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).