Cutler Investment Counsel LLC Raises Holdings in SPDR Gold Shares $GLD

Cutler Investment Counsel LLC increased its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 3.4% in the 2nd quarter, Holdings Channel reports. The firm owned 2,435 shares of the exchange traded fund’s stock after purchasing an additional 80 shares during the period. Cutler Investment Counsel LLC’s holdings in SPDR Gold Shares were worth $742,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in GLD. Cornerstone Wealth Management LLC grew its holdings in SPDR Gold Shares by 4.0% in the 1st quarter. Cornerstone Wealth Management LLC now owns 10,110 shares of the exchange traded fund’s stock valued at $2,913,000 after buying an additional 388 shares in the last quarter. American National Bank & Trust grew its holdings in SPDR Gold Shares by 52.4% in the 2nd quarter. American National Bank & Trust now owns 291 shares of the exchange traded fund’s stock valued at $89,000 after buying an additional 100 shares in the last quarter. StrongBox Wealth LLC grew its holdings in SPDR Gold Shares by 10.1% in the 2nd quarter. StrongBox Wealth LLC now owns 1,487 shares of the exchange traded fund’s stock valued at $453,000 after buying an additional 136 shares in the last quarter. TD Private Client Wealth LLC grew its holdings in SPDR Gold Shares by 14.6% in the 2nd quarter. TD Private Client Wealth LLC now owns 51,235 shares of the exchange traded fund’s stock valued at $15,618,000 after buying an additional 6,540 shares in the last quarter. Finally, Beaumont Financial Advisors LLC grew its holdings in SPDR Gold Shares by 6.5% in the 2nd quarter. Beaumont Financial Advisors LLC now owns 3,509 shares of the exchange traded fund’s stock valued at $1,070,000 after buying an additional 215 shares in the last quarter. 42.19% of the stock is currently owned by hedge funds and other institutional investors.

SPDR Gold Shares Stock Up 2.4%

Shares of NYSEARCA:GLD opened at $378.09 on Tuesday. The business has a fifty day moving average of $332.14 and a two-hundred day moving average of $313.66. The stock has a market cap of $134.00 billion, a P/E ratio of -32.43 and a beta of 0.15. SPDR Gold Shares has a 52-week low of $236.13 and a 52-week high of $378.86.

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).