BKM Wealth Management LLC Decreases Stock Holdings in SPDR Gold Shares (NYSEARCA:GLD)

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

Other large investors have also recently made changes to their positions in the company. Semmax Financial Advisors Inc. increased its position in shares of SPDR Gold Shares by 78.7% during the 2nd quarter. Semmax Financial Advisors Inc. now owns 109 shares of the exchange traded fund’s stock valued at $25,000 after purchasing an additional 48 shares during the last quarter. Triad Wealth Partners LLC bought a new stake in SPDR Gold Shares during the second quarter valued at about $25,000. Private Ocean LLC increased its position in SPDR Gold Shares by 155.1% in the second quarter. Private Ocean LLC now owns 125 shares of the exchange traded fund’s stock worth $27,000 after buying an additional 76 shares in the last quarter. Chris Bulman Inc bought a new position in shares of SPDR Gold Shares in the second quarter worth about $29,000. Finally, Sugarloaf Wealth Management LLC lifted its position in shares of SPDR Gold Shares by 78.9% during the 3rd quarter. Sugarloaf Wealth Management LLC now owns 161 shares of the exchange traded fund’s stock valued at $39,000 after buying an additional 71 shares in the last quarter. 42.19% of the stock is currently owned by institutional investors.

SPDR Gold Shares Price Performance

SPDR Gold Shares stock opened at $253.32 on Friday. SPDR Gold Shares has a 12-month low of $179.11 and a 12-month high of $253.94. The firm has a 50 day moving average of $239.70 and a 200 day moving average 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).