Perissos Private Wealth Management LLC Has $3.32 Million Position in SPDR Gold Shares $GLD

Perissos Private Wealth Management LLC trimmed its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 50.2% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 10,886 shares of the exchange traded fund’s stock after selling 10,976 shares during the quarter. SPDR Gold Shares comprises about 2.6% of Perissos Private Wealth Management LLC’s investment portfolio, making the stock its 10th largest position. Perissos Private Wealth Management LLC’s holdings in SPDR Gold Shares were worth $3,318,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Pullen Investment Management LLC raised its stake in shares of SPDR Gold Shares by 2.3% during the second quarter. Pullen Investment Management LLC now owns 6,818 shares of the exchange traded fund’s stock valued at $2,078,000 after acquiring an additional 151 shares during the last quarter. Darden Wealth Group Inc raised its stake in SPDR Gold Shares by 62.5% in the second quarter. Darden Wealth Group Inc now owns 1,867 shares of the exchange traded fund’s stock worth $569,000 after buying an additional 718 shares in the last quarter. Ndwm LLC raised its stake in SPDR Gold Shares by 295.0% in the second quarter. Ndwm LLC now owns 19,195 shares of the exchange traded fund’s stock worth $5,851,000 after buying an additional 14,335 shares in the last quarter. Anthracite Investment Company Inc. raised its stake in SPDR Gold Shares by 5.0% in the second quarter. Anthracite Investment Company Inc. now owns 1,050 shares of the exchange traded fund’s stock worth $320,000 after buying an additional 50 shares in the last quarter. Finally, Brighton Jones LLC raised its stake in SPDR Gold Shares by 4.6% in the second quarter. Brighton Jones LLC now owns 11,785 shares of the exchange traded fund’s stock worth $3,592,000 after buying an additional 521 shares in the last quarter. 42.19% of the stock is owned by institutional investors.

SPDR Gold Shares Stock Performance

Shares of NYSEARCA GLD opened at $377.52 on Friday. SPDR Gold Shares has a fifty-two week low of $236.13 and a fifty-two week high of $403.30. The company has a 50 day simple moving average of $345.72 and a two-hundred day simple moving average of $319.91. The company has a market capitalization of $138.78 billion, a price-to-earnings ratio of -32.43 and a beta of 0.15.

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).