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

Benchmark Financial Wealth Advisors LLC trimmed its stake in SPDR Gold Shares (NYSEARCA:GLD) by 8.4% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,254 shares of the exchange traded fund’s stock after selling 115 shares during the quarter. Benchmark Financial Wealth Advisors LLC’s holdings in SPDR Gold Shares were worth $305,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of GLD. International Assets Investment Management LLC grew its stake in SPDR Gold Shares by 21,571.1% during the third quarter. International Assets Investment Management LLC now owns 3,024,639 shares of the exchange traded fund’s stock worth $735,169,000 after buying an additional 3,010,682 shares during the period. Toronto Dominion Bank grew its stake in SPDR Gold Shares by 23.6% during the first quarter. Toronto Dominion Bank now owns 5,649,510 shares of the exchange traded fund’s stock worth $1,162,217,000 after buying an additional 1,079,452 shares during the period. Arizona PSPRS Trust purchased a new stake in SPDR Gold Shares during the second quarter worth approximately $157,187,000. Cetera Investment Advisers grew its stake in SPDR Gold Shares by 461.0% during the first quarter. Cetera Investment Advisers now owns 702,415 shares of the exchange traded fund’s stock worth $144,501,000 after buying an additional 577,210 shares during the period. Finally, Strategic Financial Concepts LLC grew its stake in SPDR Gold Shares by 9,654.6% during the second quarter. Strategic Financial Concepts LLC now owns 550,450 shares of the exchange traded fund’s stock worth $1,184,000 after buying an additional 544,807 shares during the period. 42.19% of the stock is currently owned by hedge funds and other institutional investors.

SPDR Gold Shares Price Performance

NYSEARCA GLD opened at $253.36 on Wednesday. The company’s fifty day simple moving average is $243.23 and its 200-day simple moving average is $228.11. SPDR Gold Shares has a 52 week low of $179.11 and a 52 week high of $257.71.

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).