Cornerstone Wealth Group LLC Sells 50 Shares of SPDR Gold Shares (NYSEARCA:GLD)

Cornerstone Wealth Group LLC lessened its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 2.1% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 2,323 shares of the exchange traded fund’s stock after selling 50 shares during the period. Cornerstone Wealth Group LLC’s holdings in SPDR Gold Shares were worth $565,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Diversify Wealth Management LLC bought a new position in SPDR Gold Shares during the 3rd quarter valued at approximately $632,000. Pinnacle Associates Ltd. grew its stake in shares of SPDR Gold Shares by 0.5% in the third quarter. Pinnacle Associates Ltd. now owns 11,485 shares of the exchange traded fund’s stock worth $2,792,000 after acquiring an additional 60 shares during the last quarter. Echo45 Advisors LLC bought a new position in shares of SPDR Gold Shares during the third quarter valued at $201,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA raised its position in shares of SPDR Gold Shares by 1.1% in the 3rd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 8,827 shares of the exchange traded fund’s stock worth $2,231,000 after purchasing an additional 100 shares during the last quarter. Finally, Golden State Equity Partners purchased a new position in shares of SPDR Gold Shares in the 3rd quarter worth about $220,000. 42.19% of the stock is owned by hedge funds and other institutional investors.

SPDR Gold Shares Trading Down 1.5 %

Shares of SPDR Gold Shares stock opened at $253.59 on Friday. SPDR Gold Shares has a 1 year low of $179.11 and a 1 year high of $257.71. The firm’s 50-day moving average is $242.02 and its 200 day moving average is $227.34.

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).