Cadence Wealth Management LLC Acquires 449 Shares of SPDR Gold Shares (NYSEARCA:GLD)

Cadence Wealth Management LLC raised its stake in SPDR Gold Shares (NYSEARCA:GLD) by 0.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 63,470 shares of the exchange traded fund’s stock after acquiring an additional 449 shares during the quarter. SPDR Gold Shares comprises approximately 12.5% of Cadence Wealth Management LLC’s investment portfolio, making the stock its 3rd biggest holding. Cadence Wealth Management LLC’s holdings in SPDR Gold Shares were worth $15,427,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the stock. Triad Wealth Partners LLC acquired a new position in SPDR Gold Shares during the 2nd quarter valued at about $25,000. Semmax Financial Advisors Inc. boosted its stake in SPDR Gold Shares by 78.7% in the second quarter. Semmax Financial Advisors Inc. now owns 109 shares of the exchange traded fund’s stock valued at $25,000 after acquiring an additional 48 shares during the last quarter. Private Ocean LLC grew its holdings in SPDR Gold Shares by 155.1% during the 2nd quarter. Private Ocean LLC now owns 125 shares of the exchange traded fund’s stock worth $27,000 after acquiring an additional 76 shares during the period. Ashton Thomas Securities LLC bought a new stake in shares of SPDR Gold Shares during the 3rd quarter valued at $28,000. Finally, Chris Bulman Inc acquired a new position in shares of SPDR Gold Shares in the 2nd quarter valued at $29,000. 42.19% of the stock is owned by institutional investors.

SPDR Gold Shares Stock Performance

NYSEARCA:GLD opened at $237.01 on Friday. The stock’s fifty day simple moving average is $244.74 and its 200-day simple moving average is $229.21. SPDR Gold Shares has a 12-month low of $181.31 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).