Cornerstone Wealth Management LLC Buys 1,425 Shares of SPDR Gold Shares (NYSEARCA:GLD)

Cornerstone Wealth Management LLC raised its stake in SPDR Gold Shares (NYSEARCA:GLD) by 17.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,722 shares of the exchange traded fund’s stock after buying 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 filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also added to or reduced their stakes in the stock. 1832 Asset Management L.P. grew its position in shares of SPDR Gold Shares by 1.6% during the 2nd quarter. 1832 Asset Management L.P. now owns 5,115 shares of the exchange traded fund’s stock worth $1,100,000 after buying an additional 80 shares in the last quarter. AQR Capital Management LLC increased its position in SPDR Gold Shares by 4.2% during the 2nd quarter. AQR Capital Management LLC now owns 94,939 shares of the exchange traded fund’s stock valued at $20,413,000 after purchasing an additional 3,839 shares during the period. Delta Investment Management LLC raised its holdings in shares of SPDR Gold Shares by 22.3% in the 2nd quarter. Delta Investment Management LLC now owns 6,808 shares of the exchange traded fund’s stock valued at $1,464,000 after purchasing an additional 1,241 shares in the last quarter. Dimension Capital Management LLC raised its holdings in shares of SPDR Gold Shares by 3.2% in the 2nd quarter. Dimension Capital Management LLC now owns 187,467 shares of the exchange traded fund’s stock valued at $40,307,000 after purchasing an additional 5,770 shares in the last quarter. Finally, Daymark Wealth Partners LLC lifted its position in shares of SPDR Gold Shares by 33.4% in the 2nd quarter. Daymark Wealth Partners LLC now owns 2,236 shares of the exchange traded fund’s stock worth $481,000 after purchasing an additional 560 shares during the period. 42.19% of the stock is currently owned by institutional investors.

SPDR Gold Shares Price Performance

Shares of GLD stock opened at $254.07 on Friday. SPDR Gold Shares has a 52-week low of $183.78 and a 52-week high of $257.71. The company’s 50 day moving average is $244.59 and its 200 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).