Perennial Investment Advisors LLC Buys 318 Shares of SPDR Gold Shares (NYSEARCA:GLD)

Perennial Investment Advisors LLC raised its stake in SPDR Gold Shares (NYSEARCA:GLD) by 5.0% during the fourth quarter, HoldingsChannel.com reports. The fund 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 reporting period.

Several other hedge funds have also bought and sold shares of the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of SPDR Gold Shares by 24.9% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 94,367 shares of the exchange traded fund’s stock worth $22,937,000 after acquiring an additional 18,828 shares in the last quarter. Verition Fund Management LLC raised its stake in SPDR Gold Shares by 104.1% during the third quarter. Verition Fund Management LLC now owns 2,570 shares of the exchange traded fund’s stock valued at $625,000 after purchasing an additional 64,965 shares in the last quarter. Chevy Chase Trust Holdings LLC raised its stake in SPDR Gold Shares by 72.7% during the third quarter. Chevy Chase Trust Holdings LLC now owns 6,106 shares of the exchange traded fund’s stock valued at $1,484,000 after purchasing an additional 2,570 shares in the last quarter. Janus Henderson Group PLC lifted its position in SPDR Gold Shares by 1.8% during the third quarter. Janus Henderson Group PLC now owns 141,263 shares of the exchange traded fund’s stock valued at $34,335,000 after purchasing an additional 2,464 shares during the last quarter. Finally, Morse Asset Management Inc purchased a new position in shares of SPDR Gold Shares in the 3rd quarter worth $1,929,000. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Trading Down 2.3 %

Shares of NYSEARCA GLD opened at $279.72 on Friday. SPDR Gold Shares has a 12-month low of $210.71 and a 12-month high of $289.13. The firm’s 50-day moving average price is $270.91 and its 200-day moving average price is $254.50. The stock has a market capitalization of $84.08 billion, a price-to-earnings ratio of -30.67 and a beta of 0.17.

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).