Caerus Investment Advisors LLC Invests $971,000 in SPDR Gold Shares $GLD

Caerus Investment Advisors LLC acquired a new stake in shares of SPDR Gold Shares (NYSEARCA:GLDFree Report) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 2,732 shares of the exchange traded fund’s stock, valued at approximately $971,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Empirical Asset Management LLC boosted its holdings in SPDR Gold Shares by 256.7% during the third quarter. Empirical Asset Management LLC now owns 36,404 shares of the exchange traded fund’s stock valued at $12,941,000 after acquiring an additional 26,197 shares during the period. Colonial Trust Advisors increased its stake in shares of SPDR Gold Shares by 7.6% in the third quarter. Colonial Trust Advisors now owns 19,720 shares of the exchange traded fund’s stock worth $7,010,000 after purchasing an additional 1,385 shares during the period. Spirepoint Private Client LLC bought a new position in shares of SPDR Gold Shares in the third quarter worth about $742,000. FAS Wealth Partners Inc. lifted its position in shares of SPDR Gold Shares by 71.1% during the 3rd quarter. FAS Wealth Partners Inc. now owns 20,916 shares of the exchange traded fund’s stock worth $7,435,000 after purchasing an additional 8,691 shares during the last quarter. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors boosted its stake in SPDR Gold Shares by 19.4% during the 3rd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 36,470 shares of the exchange traded fund’s stock valued at $12,964,000 after purchasing an additional 5,932 shares during the period. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Down 0.3%

GLD opened at $459.27 on Wednesday. The stock’s 50 day moving average price is $456.26 and its two-hundred day moving average price is $402.07. The firm has a market capitalization of $174.57 billion, a P/E ratio of -32.43 and a beta of 0.09. SPDR Gold Shares has a 12-month low of $272.58 and a 12-month high of $509.70.

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About SPDR Gold Shares

(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.

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

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