Perissos Private Wealth Management LLC Acquires 2,576 Shares of SPDR Gold Shares $GLD

Perissos Private Wealth Management LLC increased its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 14.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 20,012 shares of the exchange traded fund’s stock after acquiring an additional 2,576 shares during the quarter. SPDR Gold Shares comprises 6.8% of Perissos Private Wealth Management LLC’s portfolio, making the stock its 2nd biggest holding. Perissos Private Wealth Management LLC’s holdings in SPDR Gold Shares were worth $7,931,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Calder Financial LLC acquired a new position in SPDR Gold Shares in the 4th quarter valued at $807,000. Empirical Asset Management LLC grew its holdings in SPDR Gold Shares by 256.7% in the 3rd quarter. Empirical Asset Management LLC now owns 36,404 shares of the exchange traded fund’s stock valued at $12,941,000 after buying an additional 26,197 shares in the last quarter. Colonial Trust Advisors grew its holdings in SPDR Gold Shares by 7.6% in the 3rd quarter. Colonial Trust Advisors now owns 19,720 shares of the exchange traded fund’s stock valued at $7,010,000 after buying an additional 1,385 shares in the last quarter. Ervin Investment Management LLC acquired a new position in SPDR Gold Shares in the 4th quarter valued at $7,178,000. Finally, MB Generational Wealth LLC acquired a new position in SPDR Gold Shares in the 3rd quarter valued at $407,000. 42.19% of the stock is owned by institutional investors and hedge funds.

SPDR Gold Shares Price Performance

Shares of NYSEARCA GLD opened at $414.00 on Wednesday. The stock’s fifty day moving average price is $427.78 and its two-hundred day moving average price is $425.73. SPDR Gold Shares has a one year low of $299.89 and a one year high of $509.70. The firm has a market cap of $150.57 billion, a price-to-earnings ratio of -32.43 and a beta of 0.15.

SPDR Gold Shares News Summary

Here are the key news stories impacting SPDR Gold Shares this week:

• Positive Sentiment: Options volume in SPDR Gold Shares (GLD) leaned bullish, suggesting some traders are positioning for a rebound or continued upside in gold. A battle is brewing in the gold pits. Here are the winners and losers
• Positive Sentiment: Gold remains above key support around $4,500, and analysts say the tight consolidation could set up a volatility-driven breakout if buyers regain control. Gold (XAU/USD) Price Forecast: Compression Signals Breakout Setup Ahead
• Neutral Sentiment: Reports showed strong bullion demand earlier in the year, including record gold and silver sales at the Royal Mint, which supports the longer-term investment case but does not appear to be driving today’s move. Royal Mint sees record gold, silver bullion sales between January and March
• Neutral Sentiment: Market commentary points to choppy trading as investors wait for more clarity on Middle East peace talks and the direction of U.S. rates and the dollar. Gold prices testing support at $4,500 as U.S. consumer confidence falls slight to 93.1
• Negative Sentiment: Spot gold prices moved lower as the U.S. dollar strengthened and renewed geopolitical developments reduced some safe-haven demand, weighing on GLD. Metals dip as S&P, Nasdaq hit records on Iran deal hopes – Kitco PM Report

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). The Trust issues Shares in Baskets to certain authorized participants (Authorized Participants) on an ongoing basis. The creation and redemption of Baskets is only made in exchange for the delivery to the Trust or the distribution by the Trust of the amount of gold and any cash represented by the Baskets being created or redeemed, the amount of which will be based on the combined net asset value of various Shares included in the Baskets being created or redeemed determined on the day the order to create or redeem Baskets is properly received.