Beese Fulmer Investment Management Inc. Has $823,000 Stake in SPDR Gold Shares (NYSEARCA:GLD)

Beese Fulmer Investment Management Inc. decreased its position in SPDR Gold Shares (NYSEARCA:GLD) by 1.4% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 4,619 shares of the exchange traded fund’s stock after selling 65 shares during the period. Beese Fulmer Investment Management Inc.’s holdings in SPDR Gold Shares were worth $823,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. Tucker Asset Management LLC bought a new position in SPDR Gold Shares in the 1st quarter worth $25,000. Mendota Financial Group LLC bought a new position in shares of SPDR Gold Shares during the 1st quarter worth about $27,000. Freedom Wealth Alliance LLC bought a new position in shares of SPDR Gold Shares during the 4th quarter worth about $28,000. Cary Street Partners Asset Management LLC bought a new position in shares of SPDR Gold Shares during the 4th quarter worth about $34,000. Finally, First Command Financial Services Inc. acquired a new stake in shares of SPDR Gold Shares during the 1st quarter valued at about $36,000. Institutional investors and hedge funds own 40.99% of the company’s stock.

SPDR Gold Shares Price Performance

GLD opened at $178.85 on Monday. The firm has a 50 day simple moving average of $179.30 and a 200 day simple moving average of $181.13. SPDR Gold Shares has a fifty-two week low of $150.57 and a fifty-two week high of $191.36.

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).