SPDR Gold Shares (NYSEARCA:GLD) Position Lowered by Benin Management CORP

Benin Management CORP reduced its position in SPDR Gold Shares (NYSEARCA:GLD) by 2.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,793 shares of the exchange traded fund’s stock after selling 122 shares during the quarter. Benin Management CORP’s holdings in SPDR Gold Shares were worth $1,403,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of GLD. 1832 Asset Management L.P. boosted its holdings in SPDR Gold Shares by 1.6% in the second quarter. 1832 Asset Management L.P. now owns 5,115 shares of the exchange traded fund’s stock worth $1,100,000 after purchasing an additional 80 shares during the period. AQR Capital Management LLC boosted its holdings in shares of SPDR Gold Shares by 4.2% in the 2nd quarter. AQR Capital Management LLC now owns 94,939 shares of the exchange traded fund’s stock valued at $20,413,000 after buying an additional 3,839 shares during the period. Daymark Wealth Partners LLC grew its position in shares of SPDR Gold Shares by 33.4% during the 2nd quarter. Daymark Wealth Partners LLC now owns 2,236 shares of the exchange traded fund’s stock valued at $481,000 after buying an additional 560 shares during the last quarter. Smith Thornton Advisors LLC acquired a new stake in SPDR Gold Shares during the second quarter worth about $212,000. Finally, Beaird Harris Wealth Management LLC lifted its holdings in SPDR Gold Shares by 36.5% in the second quarter. Beaird Harris Wealth Management LLC now owns 1,635 shares of the exchange traded fund’s stock worth $352,000 after acquiring an additional 437 shares during the last quarter. 42.19% of the stock is owned by institutional investors.

SPDR Gold Shares Stock Up 0.6 %

NYSEARCA:GLD opened at $255.65 on Friday. The stock has a 50 day moving average of $244.93 and a 200-day moving average of $239.17. SPDR Gold Shares has a 52 week low of $183.78 and a 52 week high of $257.71.

SPDR Gold Shares 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).