Perissos Private Wealth Management LLC Reduces Position in SPDR Gold Shares (NYSEARCA:GLD)

Perissos Private Wealth Management LLC decreased its position in SPDR Gold Shares (NYSEARCA:GLD) by 2.7% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 12,678 shares of the exchange traded fund’s stock after selling 358 shares during the period. SPDR Gold Shares comprises approximately 2.3% of Perissos Private Wealth Management LLC’s portfolio, making the stock its 12th biggest holding. Perissos Private Wealth Management LLC’s holdings in SPDR Gold Shares were worth $3,070,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in GLD. Ashton Thomas Securities LLC bought a new stake in SPDR Gold Shares in the 3rd quarter worth $28,000. Capital Performance Advisors LLP purchased a new stake in shares of SPDR Gold Shares during the third quarter worth about $35,000. Pittenger & Anderson Inc. bought a new stake in shares of SPDR Gold Shares in the third quarter worth about $38,000. Keystone Financial Group Inc. purchased a new position in SPDR Gold Shares during the 4th quarter valued at about $39,000. Finally, Maryland Capital Advisors Inc. purchased a new position in SPDR Gold Shares during the 3rd quarter valued at about $40,000. 42.19% of the stock is owned by hedge funds and other institutional investors.

SPDR Gold Shares Trading Down 0.4 %

NYSEARCA GLD opened at $267.39 on Wednesday. SPDR Gold Shares has a fifty-two week low of $183.78 and a fifty-two week high of $268.66. The stock has a 50 day simple moving average of $248.80 and a two-hundred day simple moving average of $242.56.

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).