Perigon Wealth Management LLC Has $17.12 Million Stake in SPDR Gold Shares (NYSEARCA:GLD)

Perigon Wealth Management LLC decreased its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 10.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 59,412 shares of the exchange traded fund’s stock after selling 6,813 shares during the period. Perigon Wealth Management LLC’s holdings in SPDR Gold Shares were worth $17,119,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the company. Proficio Capital Partners LLC increased its holdings in shares of SPDR Gold Shares by 24,245.2% during the fourth quarter. Proficio Capital Partners LLC now owns 60,753,703 shares of the exchange traded fund’s stock worth $14,710,294,000 after buying an additional 60,504,152 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of SPDR Gold Shares during the fourth quarter worth approximately $450,109,000. Leigh Baldwin & CO. LLC acquired a new stake in shares of SPDR Gold Shares during the fourth quarter worth approximately $401,829,000. Ameriprise Financial Inc. increased its holdings in shares of SPDR Gold Shares by 10.9% during the fourth quarter. Ameriprise Financial Inc. now owns 1,387,693 shares of the exchange traded fund’s stock worth $335,909,000 after buying an additional 136,120 shares in the last quarter. Finally, Wealthfront Advisers LLC increased its holdings in shares of SPDR Gold Shares by 1,374.2% during the fourth quarter. Wealthfront Advisers LLC now owns 1,121,579 shares of the exchange traded fund’s stock worth $271,568,000 after buying an additional 1,045,499 shares in the last quarter. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Trading Up 0.3%

NYSEARCA GLD opened at $307.12 on Thursday. The firm has a market cap of $100.43 billion, a price-to-earnings ratio of -32.43 and a beta of 0.11. The company has a 50 day moving average of $306.39 and a 200-day moving average of $278.32. SPDR Gold Shares has a 1-year low of $212.12 and a 1-year high of $317.63.

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).