BKM Wealth Management LLC Sells 224 Shares of SPDR Gold Shares (NYSEARCA:GLD)

BKM Wealth Management LLC trimmed its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 3.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,511 shares of the exchange traded fund’s stock after selling 224 shares during the period. BKM Wealth Management LLC’s holdings in SPDR Gold Shares were worth $1,340,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Outlook Wealth Advisors LLC increased its position in shares of SPDR Gold Shares by 26.4% during the third quarter. Outlook Wealth Advisors LLC now owns 2,434 shares of the exchange traded fund’s stock valued at $592,000 after buying an additional 508 shares during the period. Lyell Wealth Management LP grew its holdings in SPDR Gold Shares by 1.2% in the third quarter. Lyell Wealth Management LP now owns 36,098 shares of the exchange traded fund’s stock worth $8,774,000 after purchasing an additional 425 shares during the period. Mayfair Advisory Group LLC grew its stake in shares of SPDR Gold Shares by 9.8% in the 3rd quarter. Mayfair Advisory Group LLC now owns 1,890 shares of the exchange traded fund’s stock worth $463,000 after buying an additional 168 shares during the last quarter. Joel Isaacson & Co. LLC increased its position in SPDR Gold Shares by 12.4% during the 3rd quarter. Joel Isaacson & Co. LLC now owns 18,362 shares of the exchange traded fund’s stock valued at $4,463,000 after buying an additional 2,025 shares in the last quarter. Finally, Lake Street Advisors Group LLC raised its stake in SPDR Gold Shares by 29.3% during the third quarter. Lake Street Advisors Group LLC now owns 5,119 shares of the exchange traded fund’s stock valued at $1,244,000 after buying an additional 1,159 shares during the last quarter. 42.19% of the stock is currently owned by hedge funds and other institutional investors.

SPDR Gold Shares Stock Performance

Shares of NYSEARCA:GLD opened at $253.32 on Friday. SPDR Gold Shares has a 1-year low of $179.11 and a 1-year high of $253.94. The business has a fifty day moving average price of $239.70 and a 200-day moving average price of $226.04.

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).