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

Avestar Capital LLC acquired a new stake in shares of SPDR Gold Shares (NYSEARCA:GLD) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 868 shares of the exchange traded fund’s stock, valued at approximately $211,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Summit Financial Wealth Advisors LLC lifted its holdings in SPDR Gold Shares by 5.4% during 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 in the last quarter. Acorn Wealth Advisors LLC raised its position in shares of SPDR Gold Shares by 1.4% in the third quarter. Acorn Wealth Advisors LLC now owns 3,242 shares of the exchange traded fund’s stock valued at $788,000 after buying an additional 44 shares during the last quarter. Private Trust Co. NA raised its position in shares of SPDR Gold Shares by 21.1% in the third quarter. Private Trust Co. NA now owns 10,158 shares of the exchange traded fund’s stock valued at $2,469,000 after buying an additional 1,772 shares during the last quarter. Canton Hathaway LLC raised its position in shares of SPDR Gold Shares by 1.3% in the third quarter. Canton Hathaway LLC now owns 37,701 shares of the exchange traded fund’s stock valued at $9,164,000 after buying an additional 497 shares during the last quarter. Finally, Truvestments Capital LLC acquired a new stake in shares of SPDR Gold Shares in the third quarter valued at about $85,000. 42.19% of the stock is owned by hedge funds and other institutional investors.

SPDR Gold Shares Trading Up 0.2 %

Shares of NYSEARCA GLD opened at $243.49 on Friday. The firm has a 50-day simple moving average of $246.46 and a 200-day simple moving average of $231.27. 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).