Perigon Wealth Management LLC Buys 5,516 Shares of SPDR Gold Shares (NYSEARCA:GLD)

Perigon Wealth Management LLC grew its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 9.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 66,225 shares of the exchange traded fund’s stock after buying an additional 5,516 shares during the period. Perigon Wealth Management LLC’s holdings in SPDR Gold Shares were worth $16,596,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of GLD. Ashton Thomas Securities LLC bought a new position in shares of SPDR Gold Shares in the third quarter worth $28,000. Capital Performance Advisors LLP purchased a new stake in shares of SPDR Gold Shares in the 3rd quarter valued at about $35,000. Pittenger & Anderson Inc. purchased a new stake in SPDR Gold Shares in the third quarter valued at approximately $38,000. Sugarloaf Wealth Management LLC grew its stake in SPDR Gold Shares by 78.9% in the 3rd quarter. Sugarloaf Wealth Management LLC now owns 161 shares of the exchange traded fund’s stock worth $39,000 after buying an additional 71 shares in the last quarter. Finally, Maryland Capital Advisors Inc. purchased a new position in SPDR Gold Shares in the third quarter worth $40,000. 42.19% of the stock is owned by hedge funds and other institutional investors.

SPDR Gold Shares Stock Performance

NYSEARCA GLD opened at $252.99 on Tuesday. The stock’s 50-day simple moving average is $245.31 and its two-hundred day simple moving average is $239.72. SPDR Gold Shares has a twelve month low of $183.78 and a twelve month high of $257.71.

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).