Perennial Investment Advisors LLC Grows Position in SPDR Gold Shares $GLD

Perennial Investment Advisors LLC lifted its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 3.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,970 shares of the exchange traded fund’s stock after buying an additional 252 shares during the period. Perennial Investment Advisors LLC’s holdings in SPDR Gold Shares were worth $2,125,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the business. American National Bank & Trust boosted its holdings in SPDR Gold Shares by 52.4% in the second quarter. American National Bank & Trust now owns 291 shares of the exchange traded fund’s stock valued at $89,000 after purchasing an additional 100 shares during the period. StrongBox Wealth LLC boosted its stake in shares of SPDR Gold Shares by 10.1% in the 2nd quarter. StrongBox Wealth LLC now owns 1,487 shares of the exchange traded fund’s stock valued at $453,000 after buying an additional 136 shares during the period. Beaumont Financial Advisors LLC grew its position in shares of SPDR Gold Shares by 6.5% during the second quarter. Beaumont Financial Advisors LLC now owns 3,509 shares of the exchange traded fund’s stock worth $1,070,000 after buying an additional 215 shares in the last quarter. TD Private Client Wealth LLC increased its stake in shares of SPDR Gold Shares by 14.6% during the second quarter. TD Private Client Wealth LLC now owns 51,235 shares of the exchange traded fund’s stock worth $15,618,000 after buying an additional 6,540 shares during the period. Finally, ST Germain D J Co. Inc. increased its stake in shares of SPDR Gold Shares by 151.5% during the second quarter. ST Germain D J Co. Inc. now owns 1,386 shares of the exchange traded fund’s stock worth $422,000 after buying an additional 835 shares during the period. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Stock Down 1.1%

Shares of SPDR Gold Shares stock opened at $371.65 on Tuesday. SPDR Gold Shares has a 52-week low of $238.73 and a 52-week high of $403.30. The company has a market capitalization of $134.50 billion, a P/E ratio of -32.43 and a beta of 0.09. The company has a 50 day moving average of $363.10 and a 200 day moving average of $327.97.

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).