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

Cardinal Point Capital Management ULC raised its position in SPDR Gold Shares (NYSEARCA:GLD) by 30.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,298 shares of the exchange traded fund’s stock after purchasing an additional 770 shares during the period. Cardinal Point Capital Management ULC’s holdings in SPDR Gold Shares were worth $799,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Romano Brothers AND Company boosted its position in SPDR Gold Shares by 1.0% during the third quarter. Romano Brothers AND Company now owns 4,122 shares of the exchange traded fund’s stock worth $1,002,000 after acquiring an additional 40 shares during the last quarter. Delta Financial Group Inc. boosted its holdings in shares of SPDR Gold Shares by 1.2% during the third quarter. Delta Financial Group Inc. now owns 3,492 shares of the exchange traded fund’s stock worth $849,000 after purchasing an additional 41 shares during the last quarter. Spinnaker Trust boosted its holdings in shares of SPDR Gold Shares by 1.1% during the third quarter. Spinnaker Trust now owns 3,932 shares of the exchange traded fund’s stock worth $956,000 after purchasing an additional 43 shares during the last quarter. Compton Wealth Advisory Group LLC grew its position in shares of SPDR Gold Shares by 3.2% in the third quarter. Compton Wealth Advisory Group LLC now owns 1,409 shares of the exchange traded fund’s stock valued at $342,000 after purchasing an additional 44 shares during the period. Finally, Acorn Wealth Advisors LLC increased its stake in SPDR Gold Shares by 1.4% in the third quarter. Acorn Wealth Advisors LLC now owns 3,242 shares of the exchange traded fund’s stock valued at $788,000 after purchasing an additional 44 shares during the last quarter. 42.19% of the stock is owned by institutional investors and hedge funds.

SPDR Gold Shares Price Performance

Shares of NYSEARCA:GLD opened at $245.74 on Tuesday. The stock’s 50-day moving average price is $243.87 and its two-hundred day moving average price is $237.59. SPDR Gold Shares has a 12-month low of $183.78 and a 12-month high of $257.71.

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).