Independence Bank of Kentucky Acquires 185 Shares of SPDR Gold Shares (NYSEARCA:GLD)

Independence Bank of Kentucky increased its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 9.8% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,070 shares of the exchange traded fund’s stock after purchasing an additional 185 shares during the quarter. Independence Bank of Kentucky’s holdings in SPDR Gold Shares were worth $426,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the stock. First Dallas Securities Inc. bought a new position in SPDR Gold Shares during the 3rd quarter worth about $309,000. Waverly Advisors LLC grew its holdings in shares of SPDR Gold Shares by 9.0% during the third quarter. Waverly Advisors LLC now owns 1,799 shares of the exchange traded fund’s stock worth $309,000 after buying an additional 148 shares in the last quarter. NCM Capital Management LLC raised its position in SPDR Gold Shares by 25.0% in the 3rd quarter. NCM Capital Management LLC now owns 2,050 shares of the exchange traded fund’s stock valued at $351,000 after buying an additional 410 shares during the last quarter. Fairhaven Wealth Management LLC lifted its stake in SPDR Gold Shares by 18.3% in the 3rd quarter. Fairhaven Wealth Management LLC now owns 1,771 shares of the exchange traded fund’s stock valued at $304,000 after acquiring an additional 274 shares in the last quarter. Finally, Glenmede Trust Co. NA boosted its position in SPDR Gold Shares by 3.5% during the 3rd quarter. Glenmede Trust Co. NA now owns 186,704 shares of the exchange traded fund’s stock worth $32,010,000 after acquiring an additional 6,397 shares during the last quarter. 42.19% of the stock is currently owned by institutional investors and hedge funds.

SPDR Gold Shares Trading Up 0.0 %

NYSEARCA GLD opened at $215.01 on Friday. The firm’s 50 day moving average is $216.20 and its 200-day moving average is $202.82. SPDR Gold Shares has a 12-month low of $168.30 and a 12-month high of $225.66.

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).