Cornerstone Wealth Group LLC Lowers Stake in SPDR Gold Shares (NYSEARCA:GLD)

Cornerstone Wealth Group LLC cut its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 3.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,235 shares of the exchange traded fund’s stock after selling 88 shares during the quarter. Cornerstone Wealth Group LLC’s holdings in SPDR Gold Shares were worth $541,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of GLD. Romano Brothers AND Company increased its position in SPDR Gold Shares by 1.0% during the 3rd quarter. Romano Brothers AND Company now owns 4,122 shares of the exchange traded fund’s stock worth $1,002,000 after purchasing an additional 40 shares in the last quarter. Delta Financial Group Inc. grew its stake in SPDR Gold Shares by 1.2% during the third quarter. Delta Financial Group Inc. now owns 3,492 shares of the exchange traded fund’s stock worth $849,000 after buying an additional 41 shares during the period. Magnus Financial Group LLC increased its position in shares of SPDR Gold Shares by 0.6% in the fourth quarter. Magnus Financial Group LLC now owns 7,352 shares of the exchange traded fund’s stock worth $1,780,000 after acquiring an additional 41 shares in the last quarter. Spinnaker Trust raised its stake in shares of SPDR Gold Shares by 1.1% in the 3rd quarter. Spinnaker Trust now owns 3,932 shares of the exchange traded fund’s stock valued at $956,000 after acquiring an additional 43 shares during the period. Finally, Adirondack Trust Co. lifted its holdings in shares of SPDR Gold Shares by 3.3% during the 4th quarter. Adirondack Trust Co. now owns 1,349 shares of the exchange traded fund’s stock valued at $327,000 after acquiring an additional 43 shares in the last quarter. 42.19% of the stock is currently owned by hedge funds and other institutional investors.

SPDR Gold Shares Stock Down 1.0 %

Shares of SPDR Gold Shares stock opened at $252.99 on Tuesday. The company has a fifty day moving average price of $245.31 and a 200 day moving average price of $239.72. SPDR Gold Shares has a twelve month low of $183.78 and a twelve month high of $257.71.

About SPDR Gold Shares

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).