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

L.K. Benson & Company P.C. purchased a new position in shares of SPDR Gold Shares (NYSEARCA:GLD) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,684 shares of the exchange traded fund’s stock, valued at approximately $408,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Roxbury Financial LLC purchased a new position in SPDR Gold Shares in the fourth quarter worth $31,000. PayPay Securities Corp increased its holdings in shares of SPDR Gold Shares by 55.3% in the 4th quarter. PayPay Securities Corp now owns 132 shares of the exchange traded fund’s stock valued at $32,000 after purchasing an additional 47 shares in the last quarter. Keystone Financial Group Inc. acquired a new stake in shares of SPDR Gold Shares in the fourth quarter valued at about $39,000. Compass Planning Associates Inc purchased a new stake in SPDR Gold Shares during the fourth quarter worth about $39,000. Finally, SOA Wealth Advisors LLC. grew its position in SPDR Gold Shares by 54.0% during the third quarter. SOA Wealth Advisors LLC. now owns 194 shares of the exchange traded fund’s stock worth $47,000 after buying an additional 68 shares during the period. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Trading Up 1.2 %

Shares of SPDR Gold Shares stock opened at $279.96 on Wednesday. The company has a 50-day moving average of $262.46 and a two-hundred day moving average of $250.30. The stock has a market cap of $84.16 billion, a PE ratio of -29.30 and a beta of 0.20. SPDR Gold Shares has a 12-month low of $198.94 and a 12-month high of $280.22.

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).