Cadence Wealth Management LLC Has $11.21 Million Position in SPDR Gold Shares $GLD

Cadence Wealth Management LLC increased its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 2.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 36,784 shares of the exchange traded fund’s stock after purchasing an additional 884 shares during the quarter. SPDR Gold Shares comprises about 7.4% of Cadence Wealth Management LLC’s portfolio, making the stock its 4th biggest position. Cadence Wealth Management LLC’s holdings in SPDR Gold Shares were worth $11,213,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently bought and sold shares of the company. Raymond James Financial Inc. lifted its stake in shares of SPDR Gold Shares by 11.0% during the first quarter. Raymond James Financial Inc. now owns 2,063,634 shares of the exchange traded fund’s stock valued at $594,616,000 after acquiring an additional 204,676 shares during the period. Ameriprise Financial Inc. raised its holdings in SPDR Gold Shares by 12.2% during the 1st quarter. Ameriprise Financial Inc. now owns 1,556,698 shares of the exchange traded fund’s stock worth $450,902,000 after purchasing an additional 169,005 shares during the last quarter. 59 North Capital Management LP lifted its position in SPDR Gold Shares by 76.4% during the 1st quarter. 59 North Capital Management LP now owns 1,263,196 shares of the exchange traded fund’s stock valued at $363,977,000 after purchasing an additional 547,018 shares during the period. Commonwealth Equity Services LLC boosted its stake in shares of SPDR Gold Shares by 16.5% in the 1st quarter. Commonwealth Equity Services LLC now owns 1,141,703 shares of the exchange traded fund’s stock valued at $328,970,000 after purchasing an additional 161,638 shares during the last quarter. Finally, Rockefeller Capital Management L.P. grew its position in shares of SPDR Gold Shares by 15.4% during 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 buying an additional 114,028 shares during the period. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

Shares of GLD stock opened at $374.85 on Friday. The firm’s 50 day moving average price is $365.50 and its two-hundred day moving average price is $329.15. SPDR Gold Shares has a 52-week low of $238.73 and a 52-week high of $403.30. The stock has a market cap of $135.66 billion, a PE ratio of -32.43 and a beta of 0.09.

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).