SPDR Gold Shares $GLD Shares Acquired by Park Edge Advisors LLC

Park Edge Advisors LLC boosted its stake in SPDR Gold Shares (NYSEARCA:GLD) by 8.0% during the third quarter, Holdings Channel.com reports. The fund owned 31,331 shares of the exchange traded fund’s stock after purchasing an additional 2,333 shares during the quarter. SPDR Gold Shares comprises 2.6% of Park Edge Advisors LLC’s investment portfolio, making the stock its 5th biggest position. Park Edge Advisors LLC’s holdings in SPDR Gold Shares were worth $11,137,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in GLD. Chapman Financial Group LLC acquired a new position in shares of SPDR Gold Shares during the 2nd quarter worth about $26,000. Traub Capital Management LLC acquired a new position in shares of SPDR Gold Shares during the second quarter valued at approximately $34,000. Kilter Group LLC purchased a new position in shares of SPDR Gold Shares in the second quarter valued at approximately $34,000. Legacy Wealth Managment LLC ID raised its stake in SPDR Gold Shares by 51.1% in the 1st quarter. Legacy Wealth Managment LLC ID now owns 136 shares of the exchange traded fund’s stock valued at $39,000 after purchasing an additional 46 shares during the last quarter. Finally, First Command Advisory Services Inc. acquired a new stake in SPDR Gold Shares during the 2nd quarter worth $43,000. 42.19% of the stock is currently owned by institutional investors and hedge funds.

SPDR Gold Shares Trading Down 0.2%

GLD opened at $398.57 on Friday. SPDR Gold Shares has a twelve month low of $238.73 and a twelve month high of $403.30. The firm has a market capitalization of $144.24 billion, a PE ratio of -32.43 and a beta of 0.09. The firm’s 50-day moving average price is $380.89 and its 200 day moving average price is $340.90.

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).