SPDR Gold Shares $GLD Shares Sold by Burkett Financial Services LLC

Burkett Financial Services LLC reduced its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 13.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 404 shares of the exchange traded fund’s stock after selling 62 shares during the period. Burkett Financial Services LLC’s holdings in SPDR Gold Shares were worth $123,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. MJT & Associates Financial Advisory Group Inc. acquired a new position in shares of SPDR Gold Shares during the first quarter worth $30,000. Columbia River Financial Group LLC acquired a new position in shares of SPDR Gold Shares during the first quarter worth $34,000. Stone House Investment Management LLC acquired a new position in shares of SPDR Gold Shares during the first quarter worth $34,000. Legacy Wealth Managment LLC ID lifted its position in shares of SPDR Gold Shares by 51.1% during the first quarter. Legacy Wealth Managment LLC ID now owns 136 shares of the exchange traded fund’s stock worth $39,000 after purchasing an additional 46 shares in the last quarter. Finally, HWG Holdings LP acquired a new position in shares of SPDR Gold Shares during the first quarter worth $53,000. 42.19% of the stock is owned by institutional investors and hedge funds.

SPDR Gold Shares Price Performance

GLD opened at $335.42 on Friday. The stock has a market capitalization of $111.83 billion, a PE ratio of -32.43 and a beta of 0.15. The firm’s fifty day moving average price is $313.29 and its 200 day moving average price is $301.64. SPDR Gold Shares has a 12-month low of $235.30 and a 12-month high of $338.31.

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).