Pointe Capital Management LLC Has $3.47 Million Stock Holdings in SPDR Gold Shares (NYSEARCA:GLD)

Pointe Capital Management LLC grew its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 0.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 14,314 shares of the exchange traded fund’s stock after buying an additional 127 shares during the period. SPDR Gold Shares comprises 2.0% of Pointe Capital Management LLC’s portfolio, making the stock its 10th largest position. Pointe Capital Management LLC’s holdings in SPDR Gold Shares were worth $3,466,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Concord Wealth Partners grew its stake in SPDR Gold Shares by 27.9% during the 3rd quarter. Concord Wealth Partners now owns 687 shares of the exchange traded fund’s stock worth $167,000 after buying an additional 150 shares during the last quarter. Strategic Wealth Investment Group LLC boosted its stake in SPDR Gold Shares by 5.0% during the 3rd quarter. Strategic Wealth Investment Group LLC now owns 96,752 shares of the exchange traded fund’s stock valued at $23,763,000 after purchasing an additional 4,615 shares during the period. Cantor Fitzgerald Investment Advisors L.P. grew its position in SPDR Gold Shares by 7.5% in the 3rd quarter. Cantor Fitzgerald Investment Advisors L.P. now owns 1,612 shares of the exchange traded fund’s stock worth $392,000 after purchasing an additional 112 shares during the last quarter. Fortitude Family Office LLC acquired a new stake in shares of SPDR Gold Shares in the third quarter valued at approximately $52,000. Finally, Integrated Advisors Network LLC raised its holdings in shares of SPDR Gold Shares by 9.5% during the third quarter. Integrated Advisors Network LLC now owns 34,052 shares of the exchange traded fund’s stock valued at $8,277,000 after buying an additional 2,960 shares during the last quarter. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Trading Down 1.3 %

Shares of NYSEARCA GLD opened at $268.62 on Wednesday. SPDR Gold Shares has a 12-month low of $187.53 and a 12-month high of $272.32. The company has a market cap of $80.75 billion, a PE ratio of -28.59 and a beta of 0.20. The stock has a 50 day simple moving average of $254.04 and a 200-day simple moving average of $246.15.

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).