Cyndeo Wealth Partners LLC Has $3.86 Million Stake in SPDR Gold Shares $GLD

Cyndeo Wealth Partners LLC boosted its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 1.0% in the second quarter, HoldingsChannel reports. The firm owned 12,652 shares of the exchange traded fund’s stock after acquiring an additional 123 shares during the period. Cyndeo Wealth Partners LLC’s holdings in SPDR Gold Shares were worth $3,857,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of GLD. Principal Securities Inc. increased its stake in shares of SPDR Gold Shares by 0.3% in the 1st quarter. Principal Securities Inc. now owns 10,301 shares of the exchange traded fund’s stock valued at $2,968,000 after buying an additional 33 shares during the period. TPG Advisors LLC grew its stake in shares of SPDR Gold Shares by 2.6% during the second quarter. TPG Advisors LLC now owns 1,291 shares of the exchange traded fund’s stock worth $394,000 after purchasing an additional 33 shares during the period. Mather Group LLC. grew its stake in shares of SPDR Gold Shares by 1.8% during the second quarter. Mather Group LLC. now owns 1,946 shares of the exchange traded fund’s stock worth $593,000 after purchasing an additional 34 shares during the period. Pinnacle Associates Ltd. grew its stake in shares of SPDR Gold Shares by 0.3% during the first quarter. Pinnacle Associates Ltd. now owns 11,762 shares of the exchange traded fund’s stock worth $3,389,000 after purchasing an additional 35 shares during the period. Finally, FourThought Financial Partners LLC grew its stake in shares of SPDR Gold Shares by 3.5% during the first quarter. FourThought Financial Partners LLC now owns 1,036 shares of the exchange traded fund’s stock worth $299,000 after purchasing an additional 35 shares during the period. 42.19% of the stock is owned by institutional investors and hedge funds.

SPDR Gold Shares Stock Down 1.8%

Shares of SPDR Gold Shares stock opened at $365.43 on Friday. SPDR Gold Shares has a 12 month low of $236.13 and a 12 month high of $373.57. The business has a fifty day simple moving average of $329.60 and a 200 day simple moving average of $311.92. The stock has a market cap of $129.29 billion, a PE ratio of -32.43 and a beta of 0.15.

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).