Perigon Wealth Management LLC boosted its stake in SPDR Gold Shares (NYSEARCA:GLD) by 31.9% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,578 shares of the exchange traded fund’s stock after acquiring an additional 1,590 shares during the quarter. Perigon Wealth Management LLC’s holdings in SPDR Gold Shares were worth $876,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Weaver Consulting Group boosted its holdings in SPDR Gold Shares by 0.6% in the 2nd quarter. Weaver Consulting Group now owns 13,838 shares of the exchange traded fund’s stock worth $1,843,000 after acquiring an additional 77 shares during the period. Brave Asset Management Inc. raised its position in shares of SPDR Gold Shares by 55.3% in the 2nd quarter. Brave Asset Management Inc. now owns 73,698 shares of the exchange traded fund’s stock valued at $9,817,000 after purchasing an additional 26,240 shares in the last quarter. GWM Advisors LLC raised its position in shares of SPDR Gold Shares by 3.1% in the 2nd quarter. GWM Advisors LLC now owns 12,808 shares of the exchange traded fund’s stock valued at $1,706,000 after purchasing an additional 391 shares in the last quarter. Oakworth Capital Inc. raised its position in shares of SPDR Gold Shares by 3.4% in the 2nd quarter. Oakworth Capital Inc. now owns 34,538 shares of the exchange traded fund’s stock valued at $4,600,000 after purchasing an additional 1,124 shares in the last quarter. Finally, Gamco Investors INC. ET AL acquired a new position in shares of SPDR Gold Shares in the 2nd quarter valued at approximately $3,788,000.
Shares of GLD traded up $0.69 during trading on Tuesday, reaching $141.80. The company’s stock had a trading volume of 2,771,061 shares, compared to its average volume of 8,937,680. The company has a fifty day moving average of $136.05 and a two-hundred day moving average of $126.76. SPDR Gold Shares has a twelve month low of $111.85 and a twelve month high of $144.02.
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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