SPDR Gold Shares (NYSEARCA:GLD) is Cadence Wealth Management LLC’s 4th Largest Position

Cadence Wealth Management LLC boosted its stake in SPDR Gold Shares (NYSEARCA:GLD) by 0.1% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 91,240 shares of the exchange traded fund’s stock after buying an additional 131 shares during the quarter. SPDR Gold Shares makes up about 13.7% of Cadence Wealth Management LLC’s holdings, making the stock its 4th biggest position. Cadence Wealth Management LLC’s holdings in SPDR Gold Shares were worth $17,442,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Miracle Mile Advisors LLC raised its holdings in shares of SPDR Gold Shares by 33.8% during the 4th quarter. Miracle Mile Advisors LLC now owns 2,401 shares of the exchange traded fund’s stock valued at $459,000 after purchasing an additional 607 shares in the last quarter. Syon Capital LLC bought a new position in shares of SPDR Gold Shares during the 3rd quarter valued at $6,972,000. Raymond James & Associates raised its holdings in shares of SPDR Gold Shares by 0.5% during the 4th quarter. Raymond James & Associates now owns 844,620 shares of the exchange traded fund’s stock valued at $161,466,000 after purchasing an additional 4,242 shares in the last quarter. Marks Wealth LLC bought a new position in shares of SPDR Gold Shares during the 4th quarter valued at $33,299,000. Finally, Planned Solutions Inc. bought a new position in shares of SPDR Gold Shares during the 4th quarter valued at $65,000. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Up 0.3 %

Shares of SPDR Gold Shares stock traded up $0.70 during midday trading on Friday, reaching $216.62. 6,268,504 shares of the company’s stock traded hands, compared to its average volume of 11,521,039. The company’s 50 day simple moving average is $204.56 and its 200 day simple moving average is $192.69. SPDR Gold Shares has a 52 week low of $168.30 and a 52 week high of $225.09.

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).