Fragasso Financial Advisors Inc Has $221,000 Stock Holdings in SPDR Gold Shares (NYSEARCA:GLD)

Fragasso Financial Advisors Inc lessened its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 81.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund 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 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Raymond James & Associates lifted its holdings in shares of SPDR Gold Shares by 2.8% during the first quarter. Raymond James & Associates now owns 868,088 shares of the exchange traded fund’s stock valued at $178,583,000 after acquiring an additional 23,468 shares during the period. Evexia Wealth LLC lifted its holdings in shares of SPDR Gold Shares by 36.6% during the fourth quarter. Evexia Wealth LLC now owns 4,672 shares of the exchange traded fund’s stock valued at $881,000 after acquiring an additional 1,253 shares during the period. TKG Advisors LLC lifted its holdings in shares of SPDR Gold Shares by 0.7% during the fourth quarter. TKG Advisors LLC now owns 15,224 shares of the exchange traded fund’s stock valued at $2,910,000 after acquiring an additional 110 shares during the period. City Holding Co. increased its stake in shares of SPDR Gold Shares by 5.6% in the first quarter. City Holding Co. now owns 3,708 shares of the exchange traded fund’s stock valued at $763,000 after buying an additional 195 shares in the last quarter. Finally, Ndwm LLC acquired a new stake in shares of SPDR Gold Shares in the fourth quarter valued at $546,000. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

Shares of NYSEARCA:GLD traded down $1.78 during midday trading on Tuesday, reaching $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 business’s fifty day simple moving average is $218.71 and its 200-day simple moving average is $208.89. SPDR Gold Shares has a fifty-two week low of $168.30 and a fifty-two week high of $229.65.

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).