Perennial Investment Advisors LLC Raises Position in SPDR Gold Shares (NYSEARCA:GLD)

Perennial Investment Advisors LLC increased its stake in SPDR Gold Shares (NYSEARCA:GLD) by 5.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 6,740 shares of the exchange traded fund’s stock after purchasing an additional 318 shares during the quarter. Perennial Investment Advisors LLC’s holdings in SPDR Gold Shares were worth $1,632,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Murphy & Mullick Capital Management Corp bought a new position in shares of SPDR Gold Shares in the fourth quarter worth about $26,000. Roxbury Financial LLC bought a new stake in SPDR Gold Shares during the 4th quarter worth approximately $31,000. PayPay Securities Corp lifted its holdings in SPDR Gold Shares by 55.3% during the fourth quarter. PayPay Securities Corp now owns 132 shares of the exchange traded fund’s stock valued at $32,000 after purchasing an additional 47 shares in the last quarter. Keystone Financial Group Inc. bought a new position in shares of SPDR Gold Shares in the fourth quarter worth approximately $39,000. Finally, Compass Planning Associates Inc purchased a new stake in shares of SPDR Gold Shares in the fourth quarter worth $39,000. 42.19% of the stock is currently owned by hedge funds and other institutional investors.

SPDR Gold Shares Stock Performance

GLD opened at $279.72 on Friday. The stock has a market cap of $84.08 billion, a price-to-earnings ratio of -30.67 and a beta of 0.17. The firm’s fifty day moving average is $270.91 and its 200 day moving average is $254.50. SPDR Gold Shares has a fifty-two week low of $210.71 and a fifty-two week high of $289.13.

About SPDR Gold Shares

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).