Pettinga Financial Advisors LLC Buys 17,563 Shares of SPDR Gold Shares (NYSEARCA:GLD)

Pettinga Financial Advisors LLC increased its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 38.4% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 63,291 shares of the exchange traded fund’s stock after acquiring an additional 17,563 shares during the period. SPDR Gold Shares comprises about 4.1% of Pettinga Financial Advisors LLC’s portfolio, making the stock its 8th largest position. Pettinga Financial Advisors LLC’s holdings in SPDR Gold Shares were worth $7,722,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the stock. Toronto Dominion Bank raised its stake in SPDR Gold Shares by 165.3% in the 4th quarter. Toronto Dominion Bank now owns 135,384,111 shares of the exchange traded fund’s stock worth $16,415,327,000 after purchasing an additional 84,360,935 shares in the last quarter. Elephas Investment Management Ltd raised its stake in SPDR Gold Shares by 342.5% in the 4th quarter. Elephas Investment Management Ltd now owns 3,427,584 shares of the exchange traded fund’s stock worth $415,595,000 after purchasing an additional 2,652,953 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its stake in SPDR Gold Shares by 29.5% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,264,475 shares of the exchange traded fund’s stock worth $276,289,000 after purchasing an additional 515,587 shares in the last quarter. BlackRock Inc. raised its stake in SPDR Gold Shares by 88.6% in the 4th quarter. BlackRock Inc. now owns 2,046,924 shares of the exchange traded fund’s stock worth $248,189,000 after purchasing an additional 961,644 shares in the last quarter. Finally, LPL Financial LLC raised its stake in SPDR Gold Shares by 9.2% in the 4th quarter. LPL Financial LLC now owns 826,321 shares of the exchange traded fund’s stock worth $100,191,000 after purchasing an additional 69,747 shares in the last quarter.

SPDR Gold Shares stock traded up $0.36 during midday trading on Friday, hitting $133.20. The company’s stock had a trading volume of 8,076,834 shares, compared to its average volume of 7,864,704. SPDR Gold Shares has a 1-year low of $111.06 and a 1-year high of $135.55. The company has a 50-day simple moving average of $125.07.

SPDR Gold Shares 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).

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Institutional Ownership by Quarter for SPDR Gold Shares (NYSEARCA:GLD)

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