SPDR Gold Shares (NYSEARCA:GLD) Shares Bought by Synovus Financial Corp

Synovus Financial Corp raised its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 41.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 293,790 shares of the exchange traded fund’s stock after purchasing an additional 85,666 shares during the period. SPDR Gold Shares accounts for approximately 0.8% of Synovus Financial Corp’s investment portfolio, making the stock its 21st biggest holding. Synovus Financial Corp owned about 0.10% of SPDR Gold Shares worth $71,407,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in GLD. Triad Wealth Partners LLC purchased a new stake in SPDR Gold Shares in the second quarter valued at about $25,000. Semmax Financial Advisors Inc. increased its holdings in shares of SPDR Gold Shares by 78.7% during 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. Private Ocean LLC raised its position in shares of SPDR Gold Shares by 155.1% in the 2nd quarter. Private Ocean LLC now owns 125 shares of the exchange traded fund’s stock valued at $27,000 after purchasing an additional 76 shares during the last quarter. Ashton Thomas Securities LLC acquired a new stake in SPDR Gold Shares in the 3rd quarter worth approximately $28,000. Finally, Chris Bulman Inc acquired a new stake in SPDR Gold Shares in the 2nd quarter worth approximately $29,000. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

Shares of SPDR Gold Shares stock opened at $247.32 on Friday. The firm’s 50 day simple moving average is $246.61 and its two-hundred day simple moving average is $233.05. SPDR Gold Shares has a 12-month low of $183.38 and a 12-month 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).