SPDR Gold Shares (NYSEARCA:GLD) Shares Bought by Lokken Investment Group LLC

Lokken Investment Group LLC increased its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 4.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 35,169 shares of the exchange traded fund’s stock after acquiring an additional 1,557 shares during the quarter. SPDR Gold Shares accounts for about 3.6% of Lokken Investment Group LLC’s holdings, making the stock its 5th largest position. Lokken Investment Group LLC’s holdings in SPDR Gold Shares were worth $7,562,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in GLD. Triad Wealth Partners LLC acquired a new position in SPDR Gold Shares in the 2nd quarter valued at approximately $25,000. Northwest Investment Counselors LLC purchased a new position in shares of SPDR Gold Shares during the 1st quarter valued at $26,000. Private Ocean LLC raised its holdings in shares of SPDR Gold Shares by 155.1% during the second quarter. Private Ocean LLC now owns 125 shares of the exchange traded fund’s stock worth $27,000 after acquiring an additional 76 shares in the last quarter. Chris Bulman Inc acquired a new stake in SPDR Gold Shares during the second quarter valued at $29,000. Finally, Frazier Financial Advisors LLC acquired a new stake in SPDR Gold Shares during the fourth quarter valued at $26,000. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Trading Down 0.6 %

Shares of SPDR Gold Shares stock opened at $237.34 on Wednesday. The stock has a 50-day simple moving average of $227.88 and a 200-day simple moving average of $218.27. SPDR Gold Shares has a 52-week low of $168.30 and a 52-week high of $239.28.

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).