SPDR Gold Shares (NYSEARCA:GLD) Stock Holdings Decreased by Cadence Wealth Management LLC

Cadence Wealth Management LLC trimmed its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 14.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 63,021 shares of the exchange traded fund’s stock after selling 10,872 shares during the quarter. SPDR Gold Shares makes up about 9.5% of Cadence Wealth Management LLC’s portfolio, making the stock its 5th biggest position. Cadence Wealth Management LLC’s holdings in SPDR Gold Shares were worth $13,550,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Triad Wealth Partners LLC purchased a new stake in shares of SPDR Gold Shares in the second quarter worth approximately $25,000. Frazier Financial Advisors LLC bought a new position in SPDR Gold Shares in the fourth quarter worth approximately $26,000. Northwest Investment Counselors LLC bought a new position in SPDR Gold Shares in the first quarter worth approximately $26,000. Gold Investment Management Ltd. bought a new position in SPDR Gold Shares in the fourth quarter worth approximately $27,000. Finally, Private Ocean LLC grew its stake in SPDR Gold Shares by 155.1% in the second quarter. Private Ocean LLC now owns 125 shares of the exchange traded fund’s stock worth $27,000 after purchasing an additional 76 shares in the last quarter. 42.19% of the stock is currently owned by hedge funds and other institutional investors.

SPDR Gold Shares Stock Down 0.7 %

NYSEARCA:GLD traded down $1.66 during midday trading on Friday, hitting $231.29. The stock had a trading volume of 5,742,963 shares, compared to its average volume of 6,712,967. SPDR Gold Shares has a one year low of $168.30 and a one year high of $234.01. The stock has a 50-day moving average of $223.79 and a 200 day moving average of $214.22.

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).