L.K. Benson & Company P.C. Trims Stake in SPDR Gold Shares $GLD

L.K. Benson & Company P.C. reduced its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 12.1% in the second quarter, Holdings Channel reports. The institutional investor owned 1,098 shares of the exchange traded fund’s stock after selling 151 shares during the period. L.K. Benson & Company P.C.’s holdings in SPDR Gold Shares were worth $335,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of GLD. DAVENPORT & Co LLC boosted its position in shares of SPDR Gold Shares by 105.3% during the first quarter. DAVENPORT & Co LLC now owns 45,496 shares of the exchange traded fund’s stock worth $13,109,000 after acquiring an additional 896,836 shares during the last quarter. 59 North Capital Management LP raised its stake in shares of SPDR Gold Shares by 76.4% in the first quarter. 59 North Capital Management LP now owns 1,263,196 shares of the exchange traded fund’s stock valued at $363,977,000 after acquiring an additional 547,018 shares during the period. OVERSEA CHINESE BANKING Corp Ltd raised its stake in shares of SPDR Gold Shares by 604.5% in the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 548,947 shares of the exchange traded fund’s stock valued at $158,174,000 after acquiring an additional 471,032 shares during the period. Kingstone Capital Partners Texas LLC purchased a new stake in shares of SPDR Gold Shares in the second quarter valued at $120,429,000. Finally, Raymond James Financial Inc. increased its stake in SPDR Gold Shares by 11.0% in the 1st quarter. Raymond James Financial Inc. now owns 2,063,634 shares of the exchange traded fund’s stock worth $594,616,000 after buying an additional 204,676 shares during the period. 42.19% of the stock is owned by hedge funds and other institutional investors.

SPDR Gold Shares Trading Up 1.6%

Shares of GLD stock opened at $372.30 on Thursday. The stock has a market capitalization of $132.46 billion, a price-to-earnings ratio of -32.43 and a beta of 0.15. The stock has a fifty day simple moving average of $328.35 and a two-hundred day simple moving average of $311.32. SPDR Gold Shares has a twelve month low of $236.13 and a twelve month high of $373.57.

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).