Townsquare Capital LLC Boosts Stock Position in SPDR Gold Shares (NYSEARCA:GLD)

Townsquare Capital LLC boosted its position in SPDR Gold Shares (NYSEARCA:GLD) by 10.2% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 19,969 shares of the exchange traded fund’s stock after purchasing an additional 1,846 shares during the quarter. Townsquare Capital LLC’s holdings in SPDR Gold Shares were worth $4,854,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of GLD. Semmax Financial Advisors Inc. boosted its stake in 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 valued at $25,000 after acquiring an additional 48 shares in the last quarter. Triad Wealth Partners LLC acquired a new stake in shares of SPDR Gold Shares in the 2nd quarter worth $25,000. Ashton Thomas Securities LLC purchased a new position in SPDR Gold Shares during the 3rd quarter worth $28,000. Private Ocean LLC increased its position in SPDR Gold Shares by 155.1% during the 2nd quarter. Private Ocean LLC now owns 125 shares of the exchange traded fund’s stock valued at $27,000 after buying an additional 76 shares in the last quarter. Finally, Chris Bulman Inc purchased a new stake in SPDR Gold Shares in the second quarter valued at about $29,000. 42.19% of the stock is owned by hedge funds and other institutional investors.

SPDR Gold Shares Price Performance

Shares of NYSEARCA GLD opened at $243.49 on Friday. SPDR Gold Shares has a fifty-two week low of $183.15 and a fifty-two week high of $257.71. The business has a 50-day simple moving average of $246.46 and a two-hundred day simple moving average of $231.27.

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).