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

Cornerstone Wealth Group LLC trimmed its stake in SPDR Gold Shares (NYSEARCA:GLD) by 2.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund 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 institutional investors and hedge funds have also bought and sold shares of GLD. Semmax Financial Advisors Inc. boosted its holdings in shares of SPDR Gold Shares by 78.7% in the 2nd quarter. Semmax Financial Advisors Inc. now owns 109 shares of the exchange traded fund’s stock worth $25,000 after purchasing an additional 48 shares in the last quarter. Triad Wealth Partners LLC bought a new position in shares of SPDR Gold Shares during the 2nd quarter valued at $25,000. Private Ocean LLC raised its position in SPDR Gold Shares by 155.1% in the 2nd quarter. Private Ocean LLC now owns 125 shares of the exchange traded fund’s stock worth $27,000 after purchasing an additional 76 shares during the period. Chris Bulman Inc bought a new stake in SPDR Gold Shares in the second quarter worth $29,000. Finally, Sugarloaf Wealth Management LLC grew its stake in shares of SPDR Gold Shares by 78.9% during the third quarter. Sugarloaf Wealth Management LLC now owns 161 shares of the exchange traded fund’s stock valued at $39,000 after buying an additional 71 shares during the last quarter. 42.19% of the stock is owned by hedge funds and other institutional investors.

SPDR Gold Shares Trading Down 1.5 %

GLD opened at $253.59 on Friday. The business’s 50-day moving average price is $242.02 and its 200-day moving average price is $227.34. SPDR Gold Shares has a 12 month low of $179.11 and a 12 month high of $257.71.

SPDR Gold Shares Company 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).