Cornerstone Wealth Management LLC grew its position in shares of SPDR Gold Shares (NYSEARCA:GLD – Free Report) by 8.4% in the third quarter, Holdings Channel reports. The fund owned 8,297 shares of the exchange traded fund’s stock after buying an additional 641 shares during the quarter. Cornerstone Wealth Management LLC’s holdings in SPDR Gold Shares were worth $2,017,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Semmax Financial Advisors Inc. boosted its position in shares of SPDR Gold Shares by 78.7% during the 2nd quarter. Semmax Financial Advisors Inc. now owns 109 shares of the exchange traded fund’s stock valued at $25,000 after acquiring an additional 48 shares during the last quarter. Triad Wealth Partners LLC bought a new position in shares of SPDR Gold Shares during the 2nd quarter valued at approximately $25,000. Northwest Investment Counselors LLC bought a new stake in SPDR Gold Shares in the first quarter worth $26,000. Private Ocean LLC lifted its position in SPDR Gold Shares by 155.1% in the second quarter. Private Ocean LLC now owns 125 shares of the exchange traded fund’s stock worth $27,000 after buying an additional 76 shares during the last quarter. Finally, Chris Bulman Inc bought a new stake in SPDR Gold Shares in the second quarter worth $29,000. 42.19% of the stock is currently owned by institutional investors.
SPDR Gold Shares Stock Performance
Shares of GLD opened at $248.63 on Friday. SPDR Gold Shares has a 52-week low of $179.11 and a 52-week high of $249.06. The business has a fifty day moving average of $237.18 and a 200 day moving average of $224.63.
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).
Read More
- Five stocks we like better than SPDR Gold Shares
- The Role Economic Reports Play in a Successful Investment Strategy
- Taiwan Semiconductor Soars on Earnings With More Room to Run
- Energy and Oil Stocks Explained
- Is Lucid Group Nearing the Bottom? What Investors Should Know
- Business Services Stocks Investing
- 90% Gain Possible? Analysts Are Bullish on Joby Aviation
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:GLD – Free Report).
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.
