Cynosure Group LLC Increases Position in SPDR Gold Shares (NYSEARCA:GLD)

Cynosure Group LLC boosted its position in SPDR Gold Shares (NYSEARCA:GLD) by 125.5% during the third quarter, Holdings Channel reports. The fund owned 48,521 shares of the exchange traded fund’s stock after acquiring an additional 27,005 shares during the period. SPDR Gold Shares comprises 1.7% of Cynosure Group LLC’s holdings, 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.

Other large investors have also added to or reduced their stakes in the company. Romano Brothers AND Company increased its holdings in SPDR Gold Shares by 1.0% during the third quarter. Romano Brothers AND Company now owns 4,122 shares of the exchange traded fund’s stock valued at $1,002,000 after buying an additional 40 shares during the last quarter. Delta Financial Group Inc. grew its position in shares of SPDR Gold Shares by 1.2% during the 3rd quarter. Delta Financial Group Inc. now owns 3,492 shares of the exchange traded fund’s stock valued at $849,000 after acquiring an additional 41 shares during the period. Spinnaker Trust raised its holdings in SPDR Gold Shares by 1.1% in the 3rd quarter. Spinnaker Trust now owns 3,932 shares of the exchange traded fund’s stock worth $956,000 after purchasing an additional 43 shares during the period. Compton Wealth Advisory Group LLC raised its holdings in SPDR Gold Shares by 3.2% in the 3rd quarter. Compton Wealth Advisory Group LLC now owns 1,409 shares of the exchange traded fund’s stock worth $342,000 after purchasing an additional 44 shares during the period. Finally, Acorn Wealth Advisors LLC lifted its position in SPDR Gold Shares by 1.4% during the third quarter. Acorn Wealth Advisors LLC now owns 3,242 shares of the exchange traded fund’s stock valued at $788,000 after purchasing an additional 44 shares in the last quarter. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

Shares of GLD opened at $242.95 on Wednesday. The business has a 50-day simple moving average of $246.22 and a two-hundred day simple moving average of $231.09. SPDR Gold Shares has a 52 week low of $183.15 and a 52 week 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).