Cornerstone Wealth Management LLC Increases Position in SPDR Gold Shares (NYSEARCA:GLD)

Cornerstone Wealth Management LLC increased its stake in SPDR Gold Shares (NYSEARCA:GLD) by 10.5% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,439 shares of the exchange traded fund’s stock after purchasing an additional 612 shares during the quarter. Cornerstone Wealth Management LLC’s holdings in SPDR Gold Shares were worth $1,325,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in GLD. Riggs Asset Managment Co. Inc. increased its holdings in shares of SPDR Gold Shares by 1.5% in the 3rd quarter. Riggs Asset Managment Co. Inc. now owns 72,615 shares of the exchange traded fund’s stock valued at $12,450,000 after purchasing an additional 1,104 shares in the last quarter. Baker Avenue Asset Management LP grew its stake in SPDR Gold Shares by 17.9% in the 3rd quarter. Baker Avenue Asset Management LP now owns 1,483 shares of the exchange traded fund’s stock valued at $254,000 after acquiring an additional 225 shares during the last quarter. Crestwood Advisors Group LLC grew its stake in SPDR Gold Shares by 22.9% in the 3rd quarter. Crestwood Advisors Group LLC now owns 3,477 shares of the exchange traded fund’s stock valued at $596,000 after acquiring an additional 649 shares during the last quarter. Orleans Capital Management Corp LA grew its stake in SPDR Gold Shares by 16.7% in the 3rd quarter. Orleans Capital Management Corp LA now owns 3,500 shares of the exchange traded fund’s stock valued at $600,000 after acquiring an additional 500 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV grew its stake in SPDR Gold Shares by 13.1% in the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 205,058 shares of the exchange traded fund’s stock valued at $35,157,000 after acquiring an additional 23,815 shares during the last quarter. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

Shares of NYSEARCA GLD opened at $217.99 on Friday. SPDR Gold Shares has a 52 week low of $168.30 and a 52 week high of $225.66. The company’s 50-day moving average price is $216.32 and its 200 day moving average price is $203.52.

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).