Pathfinder Wealth Consulting Inc. Makes New Investment in SPDR Gold Shares $GLD

Pathfinder Wealth Consulting Inc. bought a new position in SPDR Gold Shares (NYSEARCA:GLD) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 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 holdings, making the stock its 17th biggest holding.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. White Lighthouse Investment Management Inc. lifted its position in SPDR Gold Shares by 6.0% in the 4th quarter. White Lighthouse Investment Management Inc. now owns 7,093 shares of the exchange traded fund’s stock worth $2,811,000 after buying an additional 400 shares in the last quarter. Associated Banc Corp lifted its position in SPDR Gold Shares by 19.8% in the 4th quarter. Associated Banc Corp now owns 32,661 shares of the exchange traded fund’s stock worth $12,944,000 after buying an additional 5,388 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in SPDR Gold Shares by 3.1% in the 4th quarter. EverSource Wealth Advisors LLC now owns 10,184 shares of the exchange traded fund’s stock worth $4,036,000 after buying an additional 307 shares in the last quarter. New Millennium Group LLC lifted its position in SPDR Gold Shares by 38.7% in the 4th quarter. New Millennium Group LLC now owns 190 shares of the exchange traded fund’s stock worth $75,000 after buying an additional 53 shares in the last quarter. Finally, Americana Partners LLC lifted its position in SPDR Gold Shares by 32.4% in the 4th quarter. Americana Partners LLC now owns 10,527 shares of the exchange traded fund’s stock worth $4,172,000 after buying an additional 2,575 shares in the last quarter. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Down 0.8%

GLD stock opened at $413.82 on Friday. SPDR Gold Shares has a 12-month low of $299.89 and a 12-month high of $509.70. The company has a market cap of $150.51 billion, a price-to-earnings ratio of -32.43 and a beta of 0.15. The company has a 50 day moving average of $429.77 and a two-hundred day moving average of $424.64.

Key Stories Impacting SPDR Gold Shares

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 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). 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.