Pettinga Financial Advisors LLC Has $13.08 Million Holdings in SPDR Gold Shares (NYSEARCA:GLD)

Pettinga Financial Advisors LLC cut its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 1.8% in the 1st quarter, Holdings Channel reports. The firm owned 63,560 shares of the exchange traded fund’s stock after selling 1,155 shares during the period. SPDR Gold Shares accounts for about 3.3% of Pettinga Financial Advisors LLC’s holdings, making the stock its 7th largest position. Pettinga Financial Advisors LLC’s holdings in SPDR Gold Shares were worth $13,076,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in GLD. First Dallas Securities Inc. bought a new stake in SPDR Gold Shares during the third quarter worth $309,000. Waverly Advisors LLC lifted its stake in shares of SPDR Gold Shares by 9.0% in the 3rd quarter. Waverly Advisors LLC now owns 1,799 shares of the exchange traded fund’s stock valued at $309,000 after acquiring an additional 148 shares during the last quarter. Fairhaven Wealth Management LLC lifted its stake in shares of SPDR Gold Shares by 18.3% in the 3rd quarter. Fairhaven Wealth Management LLC now owns 1,771 shares of the exchange traded fund’s stock valued at $304,000 after acquiring an additional 274 shares during the last quarter. Glenmede Trust Co. NA lifted its stake in shares of SPDR Gold Shares by 3.5% in the 3rd quarter. Glenmede Trust Co. NA now owns 186,704 shares of the exchange traded fund’s stock valued at $32,010,000 after acquiring an additional 6,397 shares during the last quarter. Finally, Axxcess Wealth Management LLC lifted its stake in shares of SPDR Gold Shares by 1.8% in the 3rd quarter. Axxcess Wealth Management LLC now owns 35,402 shares of the exchange traded fund’s stock valued at $6,070,000 after acquiring an additional 639 shares during the last quarter. 42.19% of the stock is currently owned by institutional investors.

SPDR Gold Shares Trading Up 0.2 %

Shares of GLD opened at $215.40 on Monday. SPDR Gold Shares has a 52 week low of $168.30 and a 52 week high of $225.66. The stock has a fifty day moving average of $216.20 and a 200-day moving average of $202.93.

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).