Avestar Capital LLC Purchases Shares of 868 SPDR Gold Shares (NYSEARCA:GLD)

Avestar Capital LLC purchased a new stake in shares of SPDR Gold Shares (NYSEARCA:GLD) during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 868 shares of the exchange traded fund’s stock, valued at approximately $211,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Triad Wealth Partners LLC acquired a new stake in shares of SPDR Gold Shares in the second quarter worth $25,000. Semmax Financial Advisors Inc. increased its stake in shares of SPDR Gold Shares by 78.7% in the second quarter. Semmax Financial Advisors Inc. now owns 109 shares of the exchange traded fund’s stock worth $25,000 after acquiring an additional 48 shares during the period. Private Ocean LLC increased its stake in shares of SPDR Gold Shares by 155.1% in the second quarter. Private Ocean LLC now owns 125 shares of the exchange traded fund’s stock worth $27,000 after acquiring an additional 76 shares during the period. Ashton Thomas Securities LLC purchased a new stake in SPDR Gold Shares during the third quarter worth $28,000. Finally, Chris Bulman Inc purchased a new stake in SPDR Gold Shares during the second quarter worth $29,000. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

Shares of NYSEARCA GLD opened at $243.49 on Friday. The company’s fifty day moving average price is $246.46 and its 200 day moving average price is $231.27. SPDR Gold Shares has a 1 year low of $183.15 and a 1 year high of $257.71.

SPDR Gold Shares 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).