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

Cadence Wealth Management LLC reduced its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 15.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 53,788 shares of the exchange traded fund’s stock after selling 9,682 shares during the period. SPDR Gold Shares makes up approximately 8.6% of Cadence Wealth Management LLC’s investment portfolio, making the stock its 4th biggest position. Cadence Wealth Management LLC’s holdings in SPDR Gold Shares were worth $13,024,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. Axxcess Wealth Management LLC raised its position in SPDR Gold Shares by 2.5% during the fourth quarter. Axxcess Wealth Management LLC now owns 49,027 shares of the exchange traded fund’s stock valued at $11,871,000 after purchasing an additional 1,176 shares in the last quarter. Flagship Wealth Advisors LLC acquired a new position in SPDR Gold Shares during the fourth quarter valued at approximately $2,388,000. Cozad Asset Management Inc. raised its position in SPDR Gold Shares by 1.7% during the fourth quarter. Cozad Asset Management Inc. now owns 4,371 shares of the exchange traded fund’s stock valued at $1,058,000 after purchasing an additional 72 shares in the last quarter. Curio Wealth LLC acquired a new position in SPDR Gold Shares during the fourth quarter valued at approximately $378,000. Finally, 1ST Source Bank grew its stake in shares of SPDR Gold Shares by 11.4% during the fourth quarter. 1ST Source Bank now owns 11,906 shares of the exchange traded fund’s stock worth $2,883,000 after buying an additional 1,220 shares during the last quarter. 42.19% of the stock is currently owned by institutional investors and hedge funds.

SPDR Gold Shares Stock Performance

NYSEARCA GLD opened at $276.73 on Tuesday. The firm’s fifty day moving average price is $261.76 and its two-hundred day moving average price is $249.96. The stock has a market cap of $83.19 billion, a PE ratio of -29.30 and a beta of 0.20. SPDR Gold Shares has a fifty-two week low of $198.94 and a fifty-two week high of $279.26.

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).