Perigon Wealth Management LLC grew its stake in shares of SPDR Gold Shares (NYSEARCA:GLD – Free Report) by 9.1% during the fourth quarter, Holdings Channel reports. The institutional investor owned 66,225 shares of the exchange traded fund’s stock after purchasing an additional 5,516 shares during the quarter. Perigon Wealth Management LLC’s holdings in SPDR Gold Shares were worth $16,596,000 at the end of the most recent quarter.
Other large investors have also recently modified their holdings of the company. Ashton Thomas Securities LLC purchased a new stake in SPDR Gold Shares during the 3rd quarter valued at $28,000. Capital Performance Advisors LLP bought a new position in shares of SPDR Gold Shares during the third quarter valued at about $35,000. Pittenger & Anderson Inc. purchased a new stake in shares of SPDR Gold Shares during the third quarter worth about $38,000. Sugarloaf Wealth Management LLC grew its stake in shares of SPDR Gold Shares by 78.9% in the third quarter. Sugarloaf Wealth Management LLC now owns 161 shares of the exchange traded fund’s stock worth $39,000 after purchasing an additional 71 shares during the last quarter. Finally, Maryland Capital Advisors Inc. purchased a new position in SPDR Gold Shares during the 3rd quarter valued at about $40,000. Hedge funds and other institutional investors own 42.19% of the company’s stock.
SPDR Gold Shares Stock Down 1.0 %
GLD opened at $252.99 on Tuesday. SPDR Gold Shares has a one year low of $183.78 and a one year high of $257.71. The business has a 50 day simple moving average of $245.31 and a two-hundred day simple moving average of $239.72.
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).
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Want to see what other hedge funds are holding GLD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SPDR Gold Shares (NYSEARCA:GLD – Free Report).
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