Benin Management CORP Acquires 708 Shares of SPDR Gold Shares $GLD

Benin Management CORP lifted its position in SPDR Gold Shares (NYSEARCA:GLD) by 11.9% in the second quarter, Holdings Channel.com reports. The firm owned 6,651 shares of the exchange traded fund’s stock after purchasing an additional 708 shares during the quarter. SPDR Gold Shares makes up 0.5% of Benin Management CORP’s holdings, making the stock its 27th biggest holding. Benin Management CORP’s holdings in SPDR Gold Shares were worth $2,027,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. American National Bank & Trust boosted its holdings in shares of SPDR Gold Shares by 52.4% in the 2nd quarter. American National Bank & Trust now owns 291 shares of the exchange traded fund’s stock worth $89,000 after purchasing an additional 100 shares in the last quarter. StrongBox Wealth LLC boosted its holdings in shares of SPDR Gold Shares by 10.1% in the 2nd quarter. StrongBox Wealth LLC now owns 1,487 shares of the exchange traded fund’s stock worth $453,000 after purchasing an additional 136 shares in the last quarter. TD Private Client Wealth LLC boosted its holdings in shares of SPDR Gold Shares by 14.6% in the 2nd quarter. TD Private Client Wealth LLC now owns 51,235 shares of the exchange traded fund’s stock worth $15,618,000 after purchasing an additional 6,540 shares in the last quarter. Beaumont Financial Advisors LLC boosted its holdings in shares of SPDR Gold Shares by 6.5% in the 2nd quarter. Beaumont Financial Advisors LLC now owns 3,509 shares of the exchange traded fund’s stock worth $1,070,000 after purchasing an additional 215 shares in the last quarter. Finally, Mather Group LLC. boosted its holdings in SPDR Gold Shares by 1.8% during the 2nd quarter. Mather Group LLC. now owns 1,946 shares of the exchange traded fund’s stock valued at $593,000 after acquiring an additional 34 shares during the period. 42.19% of the stock is currently owned by hedge funds and other institutional investors.

SPDR Gold Shares Price Performance

GLD opened at $377.24 on Wednesday. The stock’s 50 day simple moving average is $341.53 and its 200 day simple moving average is $317.76. SPDR Gold Shares has a 1 year low of $236.13 and a 1 year high of $403.30. The firm has a market cap of $136.33 billion, a price-to-earnings ratio of -32.43 and a beta of 0.15.

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).