Pettinga Financial Advisors LLC Sells 442 Shares of SPDR Gold Shares (NYSEARCA:GLD)

Pettinga Financial Advisors LLC decreased its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 0.8% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 54,250 shares of the exchange traded fund’s stock after selling 442 shares during the quarter. SPDR Gold Shares accounts for about 3.7% of Pettinga Financial Advisors LLC’s investment portfolio, making the stock its 6th biggest position. Pettinga Financial Advisors LLC’s holdings in SPDR Gold Shares were worth $15,632,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Murphy & Mullick Capital Management Corp bought a new position in SPDR Gold Shares during the 4th quarter valued at about $26,000. Columbia River Financial Group LLC bought a new position in shares of SPDR Gold Shares in the first quarter worth about $34,000. HWG Holdings LP bought a new position in shares of SPDR Gold Shares in the first quarter worth about $53,000. American National Bank & Trust lifted its holdings in SPDR Gold Shares by 189.4% in the first quarter. American National Bank & Trust now owns 191 shares of the exchange traded fund’s stock valued at $55,000 after buying an additional 125 shares during the period. Finally, Inlight Wealth Management LLC acquired a new position in SPDR Gold Shares in the first quarter valued at approximately $55,000. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

Shares of NYSEARCA GLD opened at $306.73 on Wednesday. SPDR Gold Shares has a fifty-two week low of $217.52 and a fifty-two week high of $317.63. The firm has a market capitalization of $101.53 billion, a P/E ratio of -32.43 and a beta of 0.15. The company’s 50 day simple moving average is $306.37 and its 200 day simple moving average is $284.67.

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).