Pathfinder Wealth Consulting Inc. Takes Position in SPDR Gold Shares $GLD

Pathfinder Wealth Consulting Inc. purchased a new stake in shares of SPDR Gold Shares (NYSEARCA:GLD) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 7,189 shares of the exchange traded fund’s stock, valued at approximately $2,849,000. SPDR Gold Shares makes up about 1.8% of Pathfinder Wealth Consulting Inc.’s investment portfolio, making the stock its 17th biggest position.

Other hedge funds and other institutional investors have also modified their holdings of the company. WPG Advisers LLC bought a new position in shares of SPDR Gold Shares during the 4th quarter valued at $25,000. Hopwood Financial Services Inc. bought a new position in shares of SPDR Gold Shares during the 3rd quarter valued at $27,000. Vestwell Advisors LLC bought a new position in shares of SPDR Gold Shares during the 3rd quarter valued at $27,000. USA Financial Formulas bought a new position in shares of SPDR Gold Shares during the 4th quarter valued at $31,000. Finally, Chapman Financial Group LLC bought a new position in shares of SPDR Gold Shares during the 2nd quarter valued at $26,000. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Trading Down 0.8%

SPDR Gold Shares stock opened at $413.82 on Friday. The company has a market capitalization of $150.51 billion, a P/E ratio of -32.43 and a beta of 0.15. The firm’s fifty day simple moving average is $429.77 and its 200-day simple moving average is $424.64. SPDR Gold Shares has a 1-year low of $299.89 and a 1-year high of $509.70.

SPDR Gold Shares News Summary

Here are the key news stories impacting SPDR Gold Shares this week:

• Negative Sentiment: Gold prices weakened as a stronger dollar and higher Treasury yields reduced demand for the non-yielding metal. Gold weakens as U.S.-Iran talks keep oil, rates in focus – Kitco PM Report
• Negative Sentiment: Several reports said traders are worried the Fed could stay hawkish or even raise rates further, which has kept precious metals under pressure. Gold (XAUUSD), Silver, Platinum Forecasts – Gold Pulls Back As Traders Worry About Hawkish Fed
• Neutral Sentiment: Gold remains in a tight trading range, with volatility compressing and the market looking for a breakout catalyst. Gold (XAU/USD) Price Forecast: Compression Signals Major Breakout Potential
• Neutral Sentiment: Weak U.S. consumer sentiment and rising inflation expectations could support gold over time, but that effect was offset by stronger dollar and rate pressures today. Spot gold hits session low near $4,500/oz after final Consumer Sentiment drops to 44.8…

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). The Trust issues Shares in Baskets to certain authorized participants (Authorized Participants) on an ongoing basis. The creation and redemption of Baskets is only made in exchange for the delivery to the Trust or the distribution by the Trust of the amount of gold and any cash represented by the Baskets being created or redeemed, the amount of which will be based on the combined net asset value of various Shares included in the Baskets being created or redeemed determined on the day the order to create or redeem Baskets is properly received.