Pettinga Financial Advisors LLC Has $15.98 Million Holdings in SPDR Gold Shares $GLD

Pettinga Financial Advisors LLC trimmed its position in SPDR Gold Shares (NYSEARCA:GLD) by 3.4% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 52,413 shares of the exchange traded fund’s stock after selling 1,837 shares during the quarter. SPDR Gold Shares makes up approximately 3.5% of Pettinga Financial Advisors LLC’s holdings, making the stock its 8th largest position. Pettinga Financial Advisors LLC’s holdings in SPDR Gold Shares were worth $15,977,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the company. DAVENPORT & Co LLC boosted its position in SPDR Gold Shares by 105.3% during the 1st quarter. DAVENPORT & Co LLC now owns 45,496 shares of the exchange traded fund’s stock valued at $13,109,000 after purchasing an additional 896,836 shares during the period. 59 North Capital Management LP boosted its position in SPDR Gold Shares by 76.4% during the 1st quarter. 59 North Capital Management LP now owns 1,263,196 shares of the exchange traded fund’s stock valued at $363,977,000 after purchasing an additional 547,018 shares during the period. OVERSEA CHINESE BANKING Corp Ltd boosted its position in SPDR Gold Shares by 604.5% during the 1st quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 548,947 shares of the exchange traded fund’s stock valued at $158,174,000 after purchasing an additional 471,032 shares during the period. Kingstone Capital Partners Texas LLC acquired a new position in SPDR Gold Shares during the 2nd quarter valued at approximately $120,429,000. Finally, TD Asset Management Inc boosted its position in SPDR Gold Shares by 108.4% during the 2nd quarter. TD Asset Management Inc now owns 685,151 shares of the exchange traded fund’s stock valued at $208,855,000 after purchasing an additional 356,401 shares during the period. 42.19% of the stock is currently owned by institutional investors.

SPDR Gold Shares Stock Performance

Shares of GLD stock opened at $387.39 on Thursday. SPDR Gold Shares has a 1 year low of $236.13 and a 1 year high of $387.76. The stock has a fifty day moving average of $335.07 and a two-hundred day moving average of $314.63. The firm has a market capitalization of $137.64 billion, a PE ratio of -32.43 and a beta of 0.15.

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).