SPDR Gold Shares $GLD Position Boosted by Cornerstone Advisory LLC

Cornerstone Advisory LLC increased its holdings in SPDR Gold Shares (NYSEARCA:GLDFree Report) by 54.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,852 shares of the exchange traded fund’s stock after purchasing an additional 1,716 shares during the quarter. Cornerstone Advisory LLC’s holdings in SPDR Gold Shares were worth $1,725,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Laurel Wealth Advisors LLC grew its position in SPDR Gold Shares by 31,232.8% in the second quarter. Laurel Wealth Advisors LLC now owns 2,922,406 shares of the exchange traded fund’s stock worth $890,837,000 after buying an additional 2,913,079 shares during the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of SPDR Gold Shares by 3.0% during the third quarter. Envestnet Asset Management Inc. now owns 1,222,891 shares of the exchange traded fund’s stock valued at $434,701,000 after purchasing an additional 35,619 shares during the last quarter. Corient Private Wealth LLC boosted its position in shares of SPDR Gold Shares by 108.1% in the 2nd quarter. Corient Private Wealth LLC now owns 1,077,230 shares of the exchange traded fund’s stock valued at $327,500,000 after purchasing an additional 559,507 shares during the period. Rockefeller Capital Management L.P. increased its stake in SPDR Gold Shares by 15.4% in the 2nd quarter. Rockefeller Capital Management L.P. now owns 854,436 shares of the exchange traded fund’s stock worth $260,458,000 after purchasing an additional 114,028 shares in the last quarter. Finally, State Street Corp raised its holdings in SPDR Gold Shares by 5.9% during the 2nd quarter. State Street Corp now owns 854,101 shares of the exchange traded fund’s stock worth $260,356,000 after buying an additional 47,264 shares during the period. 42.19% of the stock is owned by institutional investors and hedge funds.

SPDR Gold Shares Price Performance

Shares of GLD opened at $462.62 on Tuesday. The company has a 50-day moving average of $427.41 and a two-hundred day moving average of $378.45. The stock has a market cap of $175.84 billion, a price-to-earnings ratio of -32.43 and a beta of 0.09. SPDR Gold Shares has a one year low of $261.25 and a one year high of $509.70.

SPDR Gold Shares News Roundup

Here are the key news stories impacting SPDR Gold Shares this week:

About SPDR Gold Shares

(Free Report)

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). The Trust issues Shares in Baskets to certain authorized participants (Authorized Participants) on an ongoing basis. The creation and redemption of Baskets is only made in exchange for the delivery to the Trust or the distribution by the Trust of the amount of gold and any cash represented by the Baskets being created or redeemed, the amount of which will be based on the combined net asset value of various Shares included in the Baskets being created or redeemed determined on the day the order to create or redeem Baskets is properly received.

Further Reading

Institutional Ownership by Quarter for SPDR Gold Shares (NYSEARCA:GLD)

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