Ausdal Financial Partners Inc. Boosts Stake in SPDR Gold Shares (NYSEARCA:GLD)

Ausdal Financial Partners Inc. grew its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 8.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 19,225 shares of the exchange traded fund’s stock after purchasing an additional 1,579 shares during the period. Ausdal Financial Partners Inc.’s holdings in SPDR Gold Shares were worth $4,655,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. Truvestments Capital LLC acquired a new position in shares of SPDR Gold Shares in the 3rd quarter worth approximately $85,000. Summit Financial Wealth Advisors LLC raised its position in SPDR Gold Shares by 5.4% in the third quarter. Summit Financial Wealth Advisors LLC now owns 4,159 shares of the exchange traded fund’s stock valued at $1,011,000 after purchasing an additional 213 shares during the period. Avestar Capital LLC acquired a new position in SPDR Gold Shares during the third quarter worth $211,000. Townsquare Capital LLC boosted its position in shares of SPDR Gold Shares by 10.2% during the third quarter. Townsquare Capital LLC now owns 19,969 shares of the exchange traded fund’s stock worth $4,854,000 after buying an additional 1,846 shares during the period. Finally, Cynosure Group LLC grew its stake in shares of SPDR Gold Shares by 125.5% in the third quarter. Cynosure Group LLC now owns 48,521 shares of the exchange traded fund’s stock valued at $11,794,000 after buying an additional 27,005 shares in the last quarter. 42.19% of the stock is currently owned by hedge funds and other institutional investors.

SPDR Gold Shares Trading Up 0.4 %

GLD stock opened at $278.47 on Wednesday. The business’s fifty day moving average price is $265.73 and its 200 day moving average price is $252.00. SPDR Gold Shares has a 12-month low of $201.07 and a 12-month high of $281.48. The company has a market capitalization of $83.71 billion, a PE ratio of -29.30 and a beta of 0.20.

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).