Cerro Pacific Wealth Advisors LLC Invests $201,000 in SPDR Gold Shares $GLD

Cerro Pacific Wealth Advisors LLC bought a new position in shares of SPDR Gold Shares (NYSEARCA:GLD) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 660 shares of the exchange traded fund’s stock, valued at approximately $201,000.

Other hedge funds have also made changes to their positions in the company. Cornerstone Wealth Management LLC lifted its position in SPDR Gold Shares by 4.0% in the first quarter. Cornerstone Wealth Management LLC now owns 10,110 shares of the exchange traded fund’s stock valued at $2,913,000 after purchasing an additional 388 shares during the period. American National Bank & Trust lifted its position in SPDR Gold Shares by 52.4% in the second quarter. American National Bank & Trust now owns 291 shares of the exchange traded fund’s stock valued at $89,000 after purchasing an additional 100 shares during the period. StrongBox Wealth LLC lifted its position in SPDR Gold Shares by 10.1% in the second quarter. StrongBox Wealth LLC now owns 1,487 shares of the exchange traded fund’s stock valued at $453,000 after purchasing an additional 136 shares during the period. TD Private Client Wealth LLC lifted its position in SPDR Gold Shares by 14.6% in the second quarter. TD Private Client Wealth LLC now owns 51,235 shares of the exchange traded fund’s stock valued at $15,618,000 after purchasing an additional 6,540 shares during the period. Finally, Beaumont Financial Advisors LLC lifted its position in SPDR Gold Shares by 6.5% in the second quarter. Beaumont Financial Advisors LLC now owns 3,509 shares of the exchange traded fund’s stock valued at $1,070,000 after purchasing an additional 215 shares during the period. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Stock Up 1.0%

Shares of NYSEARCA:GLD opened at $369.12 on Monday. The company has a market cap of $130.82 billion, a P/E ratio of -32.43 and a beta of 0.15. SPDR Gold Shares has a 52 week low of $236.13 and a 52 week high of $373.57. The company has a 50-day moving average price of $330.80 and a 200 day moving average price of $313.00.

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).