Benchmark Financial Wealth Advisors LLC Lowers Stake in SPDR Gold Shares (NYSEARCA:GLD)

Benchmark Financial Wealth Advisors LLC lessened its stake in SPDR Gold Shares (NYSEARCA:GLD) by 3.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,214 shares of the exchange traded fund’s stock after selling 40 shares during the period. Benchmark Financial Wealth Advisors LLC’s holdings in SPDR Gold Shares were worth $294,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Ashton Thomas Securities LLC bought a new stake in shares of SPDR Gold Shares in the 3rd quarter valued at about $28,000. Capital Performance Advisors LLP bought a new position in SPDR Gold Shares in the third quarter worth approximately $35,000. Pittenger & Anderson Inc. purchased a new stake in SPDR Gold Shares during the third quarter worth $38,000. Sugarloaf Wealth Management LLC lifted its holdings in SPDR Gold Shares by 78.9% during the third quarter. Sugarloaf Wealth Management LLC now owns 161 shares of the exchange traded fund’s stock worth $39,000 after buying an additional 71 shares during the period. Finally, Maryland Capital Advisors Inc. bought a new stake in SPDR Gold Shares during the 3rd quarter valued at $40,000. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Up 0.6 %

Shares of SPDR Gold Shares stock opened at $264.13 on Thursday. The firm’s 50 day moving average price is $247.12 and its 200-day moving average price is $241.33. SPDR Gold Shares has a 52-week low of $183.78 and a 52-week high of $265.99.

About SPDR Gold Shares

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).