Benjamin Edwards Inc. Invests $6.48 Million in SPDR Gold Shares (NYSEARCA:GLD)

Benjamin Edwards Inc. acquired a new stake in SPDR Gold Shares (NYSEARCA:GLD) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 26,660 shares of the exchange traded fund’s stock, valued at approximately $6,480,000.

A number of other institutional investors also recently bought and sold shares of GLD. Obermeyer Wood Investment Counsel Lllp lifted its stake in shares of SPDR Gold Shares by 4.4% during the second quarter. Obermeyer Wood Investment Counsel Lllp now owns 11,645 shares of the exchange traded fund’s stock worth $2,504,000 after buying an additional 490 shares during the period. Linden Thomas Advisory Services LLC grew its stake in SPDR Gold Shares by 5.1% during the 2nd quarter. Linden Thomas Advisory Services LLC now owns 4,945 shares of the exchange traded fund’s stock valued at $1,063,000 after purchasing an additional 239 shares during the last quarter. RDA Financial Network increased its holdings in shares of SPDR Gold Shares by 1.8% in the third quarter. RDA Financial Network now owns 5,064 shares of the exchange traded fund’s stock valued at $1,231,000 after purchasing an additional 88 shares during the period. Oxler Private Wealth LLC raised its stake in shares of SPDR Gold Shares by 48.9% in the second quarter. Oxler Private Wealth LLC now owns 24,438 shares of the exchange traded fund’s stock worth $5,254,000 after purchasing an additional 8,021 shares during the last quarter. Finally, Blue Fin Capital Inc. lifted its holdings in shares of SPDR Gold Shares by 1.1% during the second quarter. Blue Fin Capital Inc. now owns 37,225 shares of the exchange traded fund’s stock worth $8,004,000 after purchasing an additional 388 shares during the period. 42.19% of the stock is currently owned by institutional investors and hedge funds.

SPDR Gold Shares Trading Up 0.2 %

Shares of NYSEARCA:GLD opened at $243.93 on Wednesday. SPDR Gold Shares has a twelve month low of $183.15 and a twelve month high of $257.71. The company’s 50 day moving average is $246.50 and its 200 day moving average is $231.95.

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).