Cardinal Point Capital Management ULC Boosts Stake in SPDR Gold Shares (NYSEARCA:GLD)

Cardinal Point Capital Management ULC lifted its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 30.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,298 shares of the exchange traded fund’s stock after acquiring an additional 770 shares during the period. Cardinal Point Capital Management ULC’s holdings in SPDR Gold Shares were worth $799,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. RDA Financial Network boosted its position in SPDR Gold Shares by 1.8% in the 3rd quarter. RDA Financial Network now owns 5,064 shares of the exchange traded fund’s stock valued at $1,231,000 after buying an additional 88 shares during the last quarter. Advance Capital Management Inc. lifted its stake in shares of SPDR Gold Shares by 9.4% in the fourth quarter. Advance Capital Management Inc. now owns 3,683 shares of the exchange traded fund’s stock worth $892,000 after acquiring an additional 316 shares in the last quarter. Centaurus Financial Inc. boosted its holdings in SPDR Gold Shares by 10.1% in the second quarter. Centaurus Financial Inc. now owns 39,597 shares of the exchange traded fund’s stock valued at $8,514,000 after purchasing an additional 3,630 shares during the last quarter. Inspirion Wealth Advisors LLC boosted its holdings in SPDR Gold Shares by 0.8% in the third quarter. Inspirion Wealth Advisors LLC now owns 6,180 shares of the exchange traded fund’s stock valued at $1,502,000 after purchasing an additional 50 shares during the last quarter. Finally, GSA Capital Partners LLP acquired a new stake in SPDR Gold Shares during the 3rd quarter valued at approximately $564,000. 42.19% of the stock is owned by hedge funds and other institutional investors.

SPDR Gold Shares Stock Performance

GLD stock opened at $245.74 on Tuesday. The stock’s 50 day moving average is $243.87 and its two-hundred day moving average is $237.59. SPDR Gold Shares has a 52-week low of $183.78 and a 52-week high of $257.71.

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).