Perennial Advisors LLC Sells 700 Shares of SPDR Gold Shares (NYSEARCA:GLD)

Perennial Advisors LLC lessened its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 1.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 43,564 shares of the exchange traded fund’s stock after selling 700 shares during the period. SPDR Gold Shares makes up about 2.5% of Perennial Advisors LLC’s holdings, making the stock its 13th biggest position. Perennial Advisors LLC’s holdings in SPDR Gold Shares were worth $12,553,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of GLD. First City Capital Management Inc. increased its stake in shares of SPDR Gold Shares by 12.1% in the 1st quarter. First City Capital Management Inc. now owns 4,001 shares of the exchange traded fund’s stock worth $1,153,000 after acquiring an additional 431 shares in the last quarter. Lake Hills Wealth Management LLC boosted its holdings in shares of SPDR Gold Shares by 69.5% in the first quarter. Lake Hills Wealth Management LLC now owns 35,881 shares of the exchange traded fund’s stock worth $10,339,000 after buying an additional 14,717 shares during the last quarter. Princeton Global Asset Management LLC boosted its holdings in shares of SPDR Gold Shares by 7.1% in the first quarter. Princeton Global Asset Management LLC now owns 27,310 shares of the exchange traded fund’s stock worth $7,869,000 after buying an additional 1,820 shares during the last quarter. Pine Haven Investment Counsel Inc purchased a new position in SPDR Gold Shares during the first quarter valued at approximately $224,000. Finally, Successful Portfolios LLC lifted its holdings in SPDR Gold Shares by 13.7% during the first quarter. Successful Portfolios LLC now owns 1,634 shares of the exchange traded fund’s stock valued at $471,000 after purchasing an additional 197 shares in the last quarter. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Down 1.3%

Shares of GLD stock opened at $305.18 on Friday. SPDR Gold Shares has a 52 week low of $212.12 and a 52 week high of $317.63. The company’s fifty day simple moving average is $300.63 and its two-hundred day simple moving average is $272.64. The stock has a market cap of $99.79 billion, a P/E ratio of -32.43 and a beta of 0.11.

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).