OmniStar Financial Group Inc. Purchases 2,566 Shares of SPDR Gold Shares $GLD

OmniStar Financial Group Inc. grew its position in SPDR Gold Shares (NYSEARCA:GLD) by 8.5% during the second quarter, HoldingsChannel reports. The firm owned 32,852 shares of the exchange traded fund’s stock after buying an additional 2,566 shares during the period. SPDR Gold Shares comprises approximately 7.5% of OmniStar Financial Group Inc.’s portfolio, making the stock its largest holding. OmniStar Financial Group Inc.’s holdings in SPDR Gold Shares were worth $10,014,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Raymond James Financial Inc. boosted its position in SPDR Gold Shares by 11.0% during the first quarter. Raymond James Financial Inc. now owns 2,063,634 shares of the exchange traded fund’s stock valued at $594,616,000 after acquiring an additional 204,676 shares during the last quarter. Ameriprise Financial Inc. raised its position in shares of SPDR Gold Shares by 12.2% in the 1st quarter. Ameriprise Financial Inc. now owns 1,556,698 shares of the exchange traded fund’s stock worth $450,902,000 after acquiring an additional 169,005 shares in the last quarter. 59 North Capital Management LP lifted its stake in shares of SPDR Gold Shares by 76.4% in the 1st quarter. 59 North Capital Management LP now owns 1,263,196 shares of the exchange traded fund’s stock valued at $363,977,000 after purchasing an additional 547,018 shares during the period. Commonwealth Equity Services LLC boosted its position in shares of SPDR Gold Shares by 16.5% during the 1st quarter. Commonwealth Equity Services LLC now owns 1,141,703 shares of the exchange traded fund’s stock valued at $328,970,000 after purchasing an additional 161,638 shares in the last quarter. Finally, Cetera Investment Advisers boosted its position in shares of SPDR Gold Shares by 15.0% during the 1st quarter. Cetera Investment Advisers now owns 821,760 shares of the exchange traded fund’s stock valued at $236,782,000 after purchasing an additional 107,469 shares in the last quarter. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

Shares of GLD stock opened at $375.96 on Friday. SPDR Gold Shares has a fifty-two week low of $236.33 and a fifty-two week high of $403.30. The stock has a 50 day simple moving average of $362.36 and a two-hundred day simple moving average of $327.14. The company has a market cap of $136.06 billion, a P/E ratio of -32.43 and a beta of 0.09.

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).