1,100 Shares in SPDR Gold Shares (NYSEARCA:GLD) Acquired by Benedict Financial Advisors Inc.

Benedict Financial Advisors Inc. bought a new position in shares of SPDR Gold Shares (NYSEARCA:GLD – Free Report) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,100 shares of the exchange traded fund’s stock, valued at approximately $267,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Triad Wealth Partners LLC purchased a new stake in shares of SPDR Gold Shares in the 2nd quarter valued at $25,000. Semmax Financial Advisors Inc. grew its position in shares of SPDR Gold Shares by 78.7% in the second quarter. Semmax Financial Advisors Inc. now owns 109 shares of the exchange traded fund’s stock valued at $25,000 after purchasing an additional 48 shares during the period. Private Ocean LLC raised its stake in SPDR Gold Shares by 155.1% in the 2nd quarter. Private Ocean LLC now owns 125 shares of the exchange traded fund’s stock valued at $27,000 after purchasing an additional 76 shares during the last quarter. Chris Bulman Inc acquired a new stake in SPDR Gold Shares in the 2nd quarter valued at about $29,000. Finally, Kathleen S. Wright Associates Inc. acquired a new stake in shares of SPDR Gold Shares in the first quarter valued at approximately $36,000. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Trading Up 0.2 %

Shares of GLD traded up $0.52 during mid-day trading on Friday, reaching $253.32. The stock had a trading volume of 4,424,475 shares, compared to its average volume of 6,397,792. The business’s fifty day moving average is $240.12 and its 200 day moving average is $226.29. SPDR Gold Shares has a 52-week low of $179.11 and a 52-week high of $253.94.

About SPDR Gold Shares

(Free Report)

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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