Perissos Private Wealth Management LLC Increases Stock Holdings in SPDR Gold Shares $GLD

Perissos Private Wealth Management LLC lifted its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 14.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 20,012 shares of the exchange traded fund’s stock after purchasing an additional 2,576 shares during the period. SPDR Gold Shares accounts for 6.8% of Perissos Private Wealth Management LLC’s holdings, making the stock its 2nd biggest position. Perissos Private Wealth Management LLC’s holdings in SPDR Gold Shares were worth $7,931,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. First Eagle Investment Management LLC increased its holdings in shares of SPDR Gold Shares by 2.7% during the 3rd quarter. First Eagle Investment Management LLC now owns 2,531,196 shares of the exchange traded fund’s stock worth $899,764,000 after acquiring an additional 66,416 shares during the last quarter. Bank of Montreal Can acquired a new position in shares of SPDR Gold Shares during the 3rd quarter worth approximately $556,282,000. Ameriprise Financial Inc. increased its holdings in shares of SPDR Gold Shares by 3.4% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,555,831 shares of the exchange traded fund’s stock worth $554,139,000 after acquiring an additional 50,756 shares during the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of SPDR Gold Shares by 3.0% during the 3rd quarter. Envestnet Asset Management Inc. now owns 1,222,891 shares of the exchange traded fund’s stock worth $434,701,000 after acquiring an additional 35,619 shares during the last quarter. Finally, Barclays PLC increased its holdings in shares of SPDR Gold Shares by 1.4% during the 3rd quarter. Barclays PLC now owns 1,125,376 shares of the exchange traded fund’s stock worth $400,037,000 after acquiring an additional 15,932 shares during the last quarter. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Trading Up 0.0%

GLD stock opened at $414.00 on Wednesday. The firm has a market capitalization of $150.57 billion, a PE ratio of -32.43 and a beta of 0.15. SPDR Gold Shares has a 1-year low of $299.89 and a 1-year high of $509.70. The business’s 50 day simple moving average is $427.78 and its 200 day simple moving average is $425.73.

Key Stories Impacting SPDR Gold Shares

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 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.