L.K. Benson & Company P.C. Makes New $408,000 Investment in SPDR Gold Shares (NYSEARCA:GLD)

L.K. Benson & Company P.C. purchased a new stake in SPDR Gold Shares (NYSEARCA:GLD) during the 4th quarter, Holdings Channel reports. The fund purchased 1,684 shares of the exchange traded fund’s stock, valued at approximately $408,000.

Several other large investors have also modified their holdings of GLD. Clarus Group Inc. lifted its stake in SPDR Gold Shares by 2.2% in the 4th quarter. Clarus Group Inc. now owns 1,825 shares of the exchange traded fund’s stock valued at $442,000 after buying an additional 40 shares in the last quarter. Kellett Wealth Advisors LLC raised its holdings in shares of SPDR Gold Shares by 3.6% in the fourth quarter. Kellett Wealth Advisors LLC now owns 1,160 shares of the exchange traded fund’s stock worth $281,000 after acquiring an additional 40 shares during the last quarter. Magnus Financial Group LLC lifted its position in shares of SPDR Gold Shares by 0.6% in the fourth quarter. Magnus Financial Group LLC now owns 7,352 shares of the exchange traded fund’s stock valued at $1,780,000 after acquiring an additional 41 shares in the last quarter. Pittenger & Anderson Inc. boosted its stake in shares of SPDR Gold Shares by 25.9% during the fourth quarter. Pittenger & Anderson Inc. now owns 199 shares of the exchange traded fund’s stock valued at $48,000 after acquiring an additional 41 shares during the last quarter. Finally, Smartleaf Asset Management LLC increased its position in SPDR Gold Shares by 2.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,533 shares of the exchange traded fund’s stock worth $369,000 after purchasing an additional 41 shares in the last quarter. 42.19% of the stock is currently owned by institutional investors and hedge funds.

SPDR Gold Shares Trading Up 1.2 %

Shares of GLD stock opened at $279.96 on Wednesday. The company has a market capitalization of $84.16 billion, a price-to-earnings ratio of -29.30 and a beta of 0.20. The firm has a 50-day moving average price of $262.46 and a 200 day moving average price of $250.30. SPDR Gold Shares has a twelve month low of $198.94 and a twelve month high of $280.22.

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).