Cornerstone Wealth Management LLC boosted its position in SPDR Gold Shares (NYSEARCA:GLD – Free Report) by 17.2% in the fourth quarter, HoldingsChannel.com reports. The firm owned 9,722 shares of the exchange traded fund’s stock after acquiring an additional 1,425 shares during the period. Cornerstone Wealth Management LLC’s holdings in SPDR Gold Shares were worth $2,354,000 as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. Ashton Thomas Securities LLC purchased a new position in shares of SPDR Gold Shares in the third quarter worth about $28,000. Capital Performance Advisors LLP acquired a new position in shares of SPDR Gold Shares in the third quarter worth about $35,000. Pittenger & Anderson Inc. purchased a new stake in shares of SPDR Gold Shares during the 3rd quarter worth about $38,000. Sugarloaf Wealth Management LLC grew its position in shares of SPDR Gold Shares by 78.9% during the 3rd quarter. Sugarloaf Wealth Management LLC now owns 161 shares of the exchange traded fund’s stock valued at $39,000 after acquiring an additional 71 shares during the period. Finally, Maryland Capital Advisors Inc. purchased a new position in shares of SPDR Gold Shares in the 3rd quarter valued at about $40,000. 42.19% of the stock is owned by hedge funds and other institutional investors.
SPDR Gold Shares Trading Down 0.1 %
Shares of GLD stock opened at $254.07 on Friday. SPDR Gold Shares has a 12-month low of $183.78 and a 12-month high of $257.71. The business’s 50 day moving average is $244.59 and its two-hundred day moving average is $239.07.
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).
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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).
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