Lokken Investment Group LLC Buys 1,557 Shares of SPDR Gold Shares (NYSEARCA:GLD)

Lokken Investment Group LLC raised its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 4.6% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 35,169 shares of the exchange traded fund’s stock after purchasing an additional 1,557 shares during the period. SPDR Gold Shares accounts for 3.6% of Lokken Investment Group LLC’s portfolio, making the stock its 5th largest position. Lokken Investment Group LLC’s holdings in SPDR Gold Shares were worth $7,562,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the stock. Ballast Inc. grew its holdings in SPDR Gold Shares by 3.6% during the second quarter. Ballast Inc. now owns 1,295 shares of the exchange traded fund’s stock worth $278,000 after acquiring an additional 45 shares during the period. Burkett Financial Services LLC grew its stake in shares of SPDR Gold Shares by 9.9% in the 2nd quarter. Burkett Financial Services LLC now owns 512 shares of the exchange traded fund’s stock worth $110,000 after purchasing an additional 46 shares during the last quarter. CCG Wealth Management LLC grew its stake in shares of SPDR Gold Shares by 1.2% in the 2nd quarter. CCG Wealth Management LLC now owns 4,001 shares of the exchange traded fund’s stock worth $860,000 after purchasing an additional 46 shares during the last quarter. Apollon Financial LLC raised its holdings in shares of SPDR Gold Shares by 1.7% in the 2nd quarter. Apollon Financial LLC now owns 2,809 shares of the exchange traded fund’s stock worth $604,000 after purchasing an additional 47 shares in the last quarter. Finally, KG&L Capital Management LLC lifted its stake in SPDR Gold Shares by 2.2% during the first quarter. KG&L Capital Management LLC now owns 2,205 shares of the exchange traded fund’s stock valued at $454,000 after purchasing an additional 48 shares during the last quarter. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

Shares of NYSEARCA:GLD opened at $237.34 on Wednesday. SPDR Gold Shares has a 1-year low of $168.30 and a 1-year high of $239.28. The company has a 50 day moving average price of $227.88 and a 200 day moving average price of $218.27.

SPDR Gold Shares 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).