Peregrine Asset Advisers Inc. Raises Position in SPDR Gold Shares (NYSEARCA:GLD)

Peregrine Asset Advisers Inc. lifted its position in SPDR Gold Shares (NYSEARCA:GLD) by 6.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,061 shares of the exchange traded fund’s stock after buying an additional 175 shares during the period. Peregrine Asset Advisers Inc.’s holdings in SPDR Gold Shares were worth $741,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Stifel Financial Corp lifted its stake in SPDR Gold Shares by 13.9% during the 3rd quarter. Stifel Financial Corp now owns 822,531 shares of the exchange traded fund’s stock valued at $199,924,000 after acquiring an additional 100,149 shares during the period. State Street Corp raised its holdings in shares of SPDR Gold Shares by 6.6% during the third quarter. State Street Corp now owns 764,315 shares of the exchange traded fund’s stock valued at $185,774,000 after purchasing an additional 47,507 shares during the last quarter. US Bancorp DE lifted its position in SPDR Gold Shares by 0.5% during the third quarter. US Bancorp DE now owns 691,648 shares of the exchange traded fund’s stock valued at $168,112,000 after purchasing an additional 3,614 shares during the period. Rockefeller Capital Management L.P. boosted its holdings in SPDR Gold Shares by 4.9% in the third quarter. Rockefeller Capital Management L.P. now owns 665,498 shares of the exchange traded fund’s stock worth $161,670,000 after purchasing an additional 30,952 shares during the last quarter. Finally, Strategic Financial Concepts LLC boosted its holdings in SPDR Gold Shares by 24,600.9% in the fourth quarter. Strategic Financial Concepts LLC now owns 608,876 shares of the exchange traded fund’s stock worth $147,427,000 after purchasing an additional 606,411 shares during the last quarter. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Trading Down 0.1 %

Shares of GLD opened at $270.74 on Friday. The firm has a fifty day simple moving average of $253.00 and a two-hundred day simple moving average of $245.15. SPDR Gold Shares has a 1-year low of $187.05 and a 1-year high of $271.84.

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).