Fragasso Financial Advisors Inc Decreases Position in SPDR Gold Shares (NYSEARCA:GLD)

Fragasso Financial Advisors Inc lowered its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 81.1% during the second quarter, Holdings Channel reports. The institutional investor owned 1,029 shares of the exchange traded fund’s stock after selling 4,416 shares during the period. Fragasso Financial Advisors Inc’s holdings in SPDR Gold Shares were worth $221,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Burns Matteson Capital Management LLC boosted its holdings in SPDR Gold Shares by 239.9% during the second quarter. Burns Matteson Capital Management LLC now owns 12,976 shares of the exchange traded fund’s stock worth $2,790,000 after buying an additional 9,158 shares in the last quarter. Trust Co. of Toledo NA OH lifted its holdings in shares of SPDR Gold Shares by 13.8% in the second quarter. Trust Co. of Toledo NA OH now owns 5,495 shares of the exchange traded fund’s stock valued at $1,181,000 after purchasing an additional 665 shares in the last quarter. Versant Capital Management Inc lifted its holdings in shares of SPDR Gold Shares by 0.6% in the second quarter. Versant Capital Management Inc now owns 23,788 shares of the exchange traded fund’s stock valued at $5,115,000 after purchasing an additional 147 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of SPDR Gold Shares in the second quarter valued at about $45,000. Finally, Heritage Wealth Partners LLC lifted its holdings in shares of SPDR Gold Shares by 17.0% in the second quarter. Heritage Wealth Partners LLC now owns 11,575 shares of the exchange traded fund’s stock valued at $2,489,000 after purchasing an additional 1,681 shares in the last quarter. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Down 0.8 %

Shares of NYSEARCA GLD traded down $1.78 on Tuesday, hitting $220.70. The company’s stock had a trading volume of 14,250,899 shares, compared to its average volume of 7,273,677. The stock has a 50 day moving average of $218.71 and a 200-day moving average of $208.89. SPDR Gold Shares has a 12-month low of $168.30 and a 12-month high of $229.65.

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).