SPDR Gold Shares (NYSEARCA:GLD) Shares Purchased by Cadence Wealth Management LLC

Cadence Wealth Management LLC lifted its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 0.7% during the third quarter, HoldingsChannel reports. The firm owned 63,470 shares of the exchange traded fund’s stock after acquiring an additional 449 shares during the quarter. SPDR Gold Shares comprises 12.5% of Cadence Wealth Management LLC’s holdings, making the stock its 3rd largest holding. Cadence Wealth Management LLC’s holdings in SPDR Gold Shares were worth $15,427,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Romano Brothers AND Company raised its holdings in shares of SPDR Gold Shares by 1.0% during the third quarter. Romano Brothers AND Company now owns 4,122 shares of the exchange traded fund’s stock valued at $1,002,000 after purchasing an additional 40 shares during the period. Delta Financial Group Inc. increased its position in SPDR Gold Shares by 1.2% in the 3rd quarter. Delta Financial Group Inc. now owns 3,492 shares of the exchange traded fund’s stock valued at $849,000 after buying an additional 41 shares in the last quarter. Spinnaker Trust raised its stake in SPDR Gold Shares by 1.1% during the 3rd quarter. Spinnaker Trust now owns 3,932 shares of the exchange traded fund’s stock worth $956,000 after buying an additional 43 shares during the period. Compton Wealth Advisory Group LLC boosted its holdings in SPDR Gold Shares by 3.2% in the third quarter. Compton Wealth Advisory Group LLC now owns 1,409 shares of the exchange traded fund’s stock worth $342,000 after acquiring an additional 44 shares in the last quarter. Finally, Ballast Inc. grew its stake in SPDR Gold Shares by 3.6% in the second quarter. Ballast Inc. now owns 1,295 shares of the exchange traded fund’s stock valued at $278,000 after acquiring an additional 45 shares during the period. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Down 0.3 %

Shares of NYSEARCA:GLD opened at $237.01 on Friday. SPDR Gold Shares has a twelve month low of $181.31 and a twelve month high of $257.71. The stock’s 50 day moving average is $244.74 and its 200-day moving average is $229.21.

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).