SPDR Gold Shares (NYSEARCA:GLD) is Pettinga Financial Advisors LLC’s 7th Largest Position

Pettinga Financial Advisors LLC reduced its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 1.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 63,560 shares of the exchange traded fund’s stock after selling 1,155 shares during the period. SPDR Gold Shares comprises about 3.3% of Pettinga Financial Advisors LLC’s holdings, making the stock its 7th largest holding. Pettinga Financial Advisors LLC’s holdings in SPDR Gold Shares were worth $13,076,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Northwest Investment Counselors LLC acquired a new position in SPDR Gold Shares in the 1st quarter worth about $26,000. First Personal Financial Services acquired a new position in shares of SPDR Gold Shares during the 4th quarter valued at about $25,000. Frazier Financial Advisors LLC acquired a new position in shares of SPDR Gold Shares during the 4th quarter valued at about $26,000. Security National Bank acquired a new position in shares of SPDR Gold Shares during the 1st quarter valued at about $28,000. Finally, Gold Investment Management Ltd. acquired a new position in shares of SPDR Gold Shares during the 4th quarter valued at about $27,000. 42.19% of the stock is owned by institutional investors and hedge funds.

SPDR Gold Shares Price Performance

Shares of NYSEARCA GLD opened at $215.40 on Monday. The business’s 50-day simple moving average is $216.20 and its 200-day simple moving average is $202.93. SPDR Gold Shares has a 52 week low of $168.30 and a 52 week high of $225.66.

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).