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

GenTrust LLC raised its position in SPDR Gold Shares (NYSEARCA:GLD) by 525.2% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 47,496 shares of the exchange traded fund’s stock after acquiring an additional 39,899 shares during the period. GenTrust LLC’s holdings in SPDR Gold Shares were worth $11,544,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of GLD. Triad Wealth Partners LLC bought a new stake in SPDR Gold Shares in the 2nd quarter valued at approximately $25,000. Semmax Financial Advisors Inc. increased 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 worth $25,000 after purchasing an additional 48 shares during the last quarter. Private Ocean LLC increased 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 worth $27,000 after purchasing an additional 76 shares during the last quarter. Ashton Thomas Securities LLC acquired a new position in shares of SPDR Gold Shares during the 3rd quarter worth approximately $28,000. Finally, Chris Bulman Inc acquired a new position in shares of SPDR Gold Shares during the 2nd quarter worth approximately $29,000. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

GLD stock opened at $249.84 on Friday. SPDR Gold Shares has a 1-year low of $183.15 and a 1-year high of $257.71. The business’s 50 day simple moving average is $246.03 and its 200 day simple moving average is $230.51.

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).