Peregrine Asset Advisers Inc. Boosts Holdings in SPDR Gold Shares (NYSEARCA:GLD)

Peregrine Asset Advisers Inc. lifted its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 6.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,061 shares of the exchange traded fund’s stock after buying an additional 175 shares during the quarter. Peregrine Asset Advisers Inc.’s holdings in SPDR Gold Shares were worth $741,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the stock. abrdn plc boosted its holdings in shares of SPDR Gold Shares by 93.7% during the 4th quarter. abrdn plc now owns 13,994 shares of the exchange traded fund’s stock valued at $3,391,000 after buying an additional 6,768 shares in the last quarter. Cassaday & Co Wealth Management LLC lifted its position in SPDR Gold Shares by 1.8% during the 4th quarter. Cassaday & Co Wealth Management LLC now owns 4,962 shares of the exchange traded fund’s stock valued at $1,201,000 after acquiring an additional 90 shares during the period. Measured Wealth Private Client Group LLC boosted its stake in SPDR Gold Shares by 5.5% during the fourth quarter. Measured Wealth Private Client Group LLC now owns 64,674 shares of the exchange traded fund’s stock worth $15,659,000 after acquiring an additional 3,356 shares in the last quarter. BKM Wealth Management LLC grew its holdings in SPDR Gold Shares by 5.9% in the fourth quarter. BKM Wealth Management LLC now owns 5,838 shares of the exchange traded fund’s stock worth $1,414,000 after purchasing an additional 327 shares during the period. Finally, Advance Capital Management Inc. increased its stake in shares of SPDR Gold Shares by 9.4% during the fourth quarter. Advance Capital Management Inc. now owns 3,683 shares of the exchange traded fund’s stock valued at $892,000 after purchasing an additional 316 shares in the last quarter. 42.19% of the stock is owned by institutional investors.

SPDR Gold Shares Price Performance

Shares of GLD opened at $270.74 on Friday. The business’s 50 day moving average price is $253.00 and its 200-day moving average price is $245.15. SPDR Gold Shares has a 52 week low of $187.05 and a 52 week high of $271.84.

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).