Synovus Financial Corp Increases Holdings in SPDR Gold Shares (NYSEARCA:GLD)

Synovus Financial Corp boosted its position in SPDR Gold Shares (NYSEARCA:GLD) by 41.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 293,790 shares of the exchange traded fund’s stock after buying an additional 85,666 shares during the period. SPDR Gold Shares makes up approximately 0.8% of Synovus Financial Corp’s investment portfolio, making the stock its 21st largest holding. Synovus Financial Corp’s holdings in SPDR Gold Shares were worth $71,407,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Romano Brothers AND Company boosted its holdings in shares of SPDR Gold Shares by 1.0% in the 3rd quarter. Romano Brothers AND Company now owns 4,122 shares of the exchange traded fund’s stock valued at $1,002,000 after acquiring an additional 40 shares during the last quarter. Delta Financial Group Inc. boosted its holdings in SPDR Gold Shares by 1.2% in the third quarter. Delta Financial Group Inc. now owns 3,492 shares of the exchange traded fund’s stock valued at $849,000 after purchasing an additional 41 shares during the last quarter. Spinnaker Trust grew its position in SPDR Gold Shares by 1.1% during the 3rd quarter. Spinnaker Trust now owns 3,932 shares of the exchange traded fund’s stock worth $956,000 after purchasing an additional 43 shares during the period. Compton Wealth Advisory Group LLC raised its stake in shares of SPDR Gold Shares by 3.2% during the 3rd quarter. Compton Wealth Advisory Group LLC now owns 1,409 shares of the exchange traded fund’s stock valued at $342,000 after buying an additional 44 shares during the last quarter. Finally, Acorn Wealth Advisors LLC boosted its stake in shares of SPDR Gold Shares by 1.4% in the third quarter. Acorn Wealth Advisors LLC now owns 3,242 shares of the exchange traded fund’s stock worth $788,000 after buying an additional 44 shares during the last quarter. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Stock Down 1.5 %

SPDR Gold Shares stock opened at $247.32 on Friday. SPDR Gold Shares has a 52 week low of $183.38 and a 52 week high of $257.71. The business’s 50-day moving average price is $246.61 and its 200 day moving average price is $233.05.

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).