Benjamin F. Edwards & Company Inc. Lowers Stock Position in SPDR Gold Shares (NYSEARCA:GLD)

Benjamin F. Edwards & Company Inc. lowered its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 15.3% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 23,967 shares of the exchange traded fund’s stock after selling 4,333 shares during the quarter. Benjamin F. Edwards & Company Inc.’s holdings in SPDR Gold Shares were worth $5,153,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of GLD. Triad Wealth Partners LLC bought a new stake in SPDR Gold Shares during the second quarter valued at about $25,000. Frazier Financial Advisors LLC bought a new stake in SPDR Gold Shares in the 4th quarter valued at $26,000. Northwest Investment Counselors LLC purchased a new stake in SPDR Gold Shares in the 1st quarter worth $26,000. Gold Investment Management Ltd. bought a new position in shares of SPDR Gold Shares during the 4th quarter valued at about $27,000. Finally, Private Ocean LLC grew its position in shares of SPDR Gold Shares by 155.1% during the second 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 in the last quarter. 42.19% of the stock is owned by hedge funds and other institutional investors.

SPDR Gold Shares Stock Up 1.3 %

Shares of GLD stock opened at $242.21 on Friday. SPDR Gold Shares has a 12-month low of $168.30 and a 12-month high of $242.63. The stock’s 50-day moving average price is $228.91 and its 200-day moving average price is $218.86.

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).