SPDR Gold Shares (NYSEARCA:GLD) is Pointe Capital Management LLC’s 8th Largest Position

Pointe Capital Management LLC boosted its stake in SPDR Gold Shares (NYSEARCA:GLD) by 4.0% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 14,478 shares of the exchange traded fund’s stock after acquiring an additional 563 shares during the period. SPDR Gold Shares comprises approximately 1.8% of Pointe Capital Management LLC’s portfolio, making the stock its 8th largest position. Pointe Capital Management LLC’s holdings in SPDR Gold Shares were worth $2,978,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the stock. Raymond James & Associates increased its stake in SPDR Gold Shares by 2.8% in the first quarter. Raymond James & Associates now owns 868,088 shares of the exchange traded fund’s stock valued at $178,583,000 after purchasing an additional 23,468 shares during the period. Evexia Wealth LLC raised its stake in SPDR Gold Shares by 36.6% during the 4th quarter. Evexia Wealth LLC now owns 4,672 shares of the exchange traded fund’s stock valued at $881,000 after acquiring an additional 1,253 shares during the last quarter. TKG Advisors LLC lifted its position in SPDR Gold Shares by 0.7% during the 4th quarter. TKG Advisors LLC now owns 15,224 shares of the exchange traded fund’s stock worth $2,910,000 after acquiring an additional 110 shares during the period. City Holding Co. grew its stake in shares of SPDR Gold Shares by 5.6% in the 1st quarter. City Holding Co. now owns 3,708 shares of the exchange traded fund’s stock valued at $763,000 after purchasing an additional 195 shares during the last quarter. Finally, Miracle Mile Advisors LLC increased its holdings in shares of SPDR Gold Shares by 33.8% in the fourth quarter. Miracle Mile Advisors LLC now owns 2,401 shares of the exchange traded fund’s stock valued at $459,000 after purchasing an additional 607 shares during the period. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

NYSEARCA GLD traded up $0.72 on Monday, hitting $223.83. 5,633,568 shares of the company’s stock were exchanged, compared to its average volume of 7,208,609. The firm’s 50-day moving average price is $217.26 and its two-hundred day moving average price is $205.24. SPDR Gold Shares has a fifty-two week low of $168.30 and a fifty-two week high of $225.66.

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).