SPDR Gold Shares $GLD is Lokken Investment Group LLC’s 3rd Largest Position

Lokken Investment Group LLC decreased its holdings in SPDR Gold Shares (NYSEARCA:GLDFree Report) by 4.3% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 32,961 shares of the exchange traded fund’s stock after selling 1,476 shares during the quarter. SPDR Gold Shares accounts for about 4.0% of Lokken Investment Group LLC’s holdings, making the stock its 3rd largest holding. Lokken Investment Group LLC’s holdings in SPDR Gold Shares were worth $11,717,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the business. Laurel Wealth Advisors LLC increased its holdings in SPDR Gold Shares by 31,232.8% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 2,922,406 shares of the exchange traded fund’s stock worth $890,837,000 after acquiring an additional 2,913,079 shares in the last quarter. Corient Private Wealth LLC increased its stake in shares of SPDR Gold Shares by 108.1% during the second quarter. Corient Private Wealth LLC now owns 1,077,230 shares of the exchange traded fund’s stock worth $327,500,000 after purchasing an additional 559,507 shares in the last quarter. TD Asset Management Inc increased its stake in shares of SPDR Gold Shares by 108.4% during the second quarter. TD Asset Management Inc now owns 685,151 shares of the exchange traded fund’s stock worth $208,855,000 after purchasing an additional 356,401 shares in the last quarter. Harvard Management Co. Inc. acquired a new position in shares of SPDR Gold Shares during the 2nd quarter worth about $101,508,000. Finally, Quadrature Capital Ltd purchased a new position in SPDR Gold Shares in the 2nd quarter valued at about $99,996,000. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Trading Up 6.4%

NYSEARCA:GLD opened at $454.29 on Wednesday. The stock has a 50 day moving average of $414.45 and a two-hundred day moving average of $368.94. SPDR Gold Shares has a 12 month low of $261.25 and a 12 month high of $509.70. The firm has a market cap of $173.13 billion, a P/E ratio of -32.43 and a beta of 0.09.

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About SPDR Gold Shares

(Free Report)

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). The Trust issues Shares in Baskets to certain authorized participants (Authorized Participants) on an ongoing basis. The creation and redemption of Baskets is only made in exchange for the delivery to the Trust or the distribution by the Trust of the amount of gold and any cash represented by the Baskets being created or redeemed, the amount of which will be based on the combined net asset value of various Shares included in the Baskets being created or redeemed determined on the day the order to create or redeem Baskets is properly received.

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Institutional Ownership by Quarter for SPDR Gold Shares (NYSEARCA:GLD)

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