Ausdal Financial Partners Inc. Boosts Stock Holdings in SPDR Gold Shares $GLD

Ausdal Financial Partners Inc. lifted its position in shares of SPDR Gold Shares (NYSEARCA:GLDFree Report) by 6.8% in the 3rd quarter, Holdings Channel.com reports. The fund owned 24,778 shares of the exchange traded fund’s stock after buying an additional 1,585 shares during the quarter. Ausdal Financial Partners Inc.’s holdings in SPDR Gold Shares were worth $8,808,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Chapman Financial Group LLC purchased a new stake in SPDR Gold Shares during the 2nd quarter valued at $26,000. Hopwood Financial Services Inc. purchased a new position in shares of SPDR Gold Shares in the third quarter worth $27,000. Steigerwald Gordon & Koch Inc. purchased a new position in shares of SPDR Gold Shares in the third quarter worth $31,000. Traub Capital Management LLC bought a new position in shares of SPDR Gold Shares during the second quarter valued at $34,000. Finally, Kilter Group LLC bought a new position in shares of SPDR Gold Shares during the second quarter valued at $34,000. 42.19% of the stock is currently owned by hedge funds and other institutional investors.

Trending Headlines about SPDR Gold Shares

Here are the key news stories impacting SPDR Gold Shares this week:

SPDR Gold Shares Price Performance

SPDR Gold Shares stock opened at $460.84 on Friday. SPDR Gold Shares has a one year low of $272.58 and a one year high of $509.70. The business’s fifty day moving average is $454.30 and its 200 day moving average is $399.45. The stock has a market capitalization of $175.17 billion, a PE ratio of -32.43 and a beta of 0.09.

SPDR Gold Shares Company Profile

(Free Report)

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). The Trust issues Shares in Baskets to certain authorized participants (Authorized Participants) on an ongoing basis. The creation and redemption of Baskets is only made in exchange for the delivery to the Trust or the distribution by the Trust of the amount of gold and any cash represented by the Baskets being created or redeemed, the amount of which will be based on the combined net asset value of various Shares included in the Baskets being created or redeemed determined on the day the order to create or redeem Baskets is properly received.

Featured Articles

Want to see what other hedge funds are holding GLD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SPDR Gold Shares (NYSEARCA:GLDFree Report).

Institutional Ownership by Quarter for SPDR Gold Shares (NYSEARCA:GLD)

Receive News & Ratings for SPDR Gold Shares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SPDR Gold Shares and related companies with MarketBeat.com's FREE daily email newsletter.