Independent Wealth Network Inc. Has $2.42 Million Stock Holdings in SPDR Gold Shares (NYSEARCA:GLD)

Independent Wealth Network Inc. grew its stake in SPDR Gold Shares (NYSEARCA:GLD) by 2.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,998 shares of the exchange traded fund’s stock after purchasing an additional 256 shares during the period. SPDR Gold Shares makes up approximately 1.0% of Independent Wealth Network Inc.’s holdings, making the stock its 22nd largest holding. Independent Wealth Network Inc.’s holdings in SPDR Gold Shares were worth $2,421,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the stock. Semmax Financial Advisors Inc. lifted its position in 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 worth $25,000 after buying an additional 48 shares in the last quarter. Ashton Thomas Securities LLC acquired a new position in shares of SPDR Gold Shares during the third quarter worth approximately $28,000. Capital Performance Advisors LLP bought a new stake in shares of SPDR Gold Shares during the third quarter valued at approximately $35,000. Pittenger & Anderson Inc. acquired a new stake in shares of SPDR Gold Shares in the third quarter valued at approximately $38,000. Finally, Sugarloaf Wealth Management LLC lifted its holdings in 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 worth $39,000 after buying an additional 71 shares in the last quarter. 42.19% of the stock is owned by institutional investors and hedge funds.

SPDR Gold Shares Stock Up 0.5 %

Shares of SPDR Gold Shares stock opened at $254.43 on Thursday. SPDR Gold Shares has a 12 month low of $183.78 and a 12 month high of $257.71. The business has a fifty day simple moving average of $244.25 and a 200 day simple moving average of $238.96.

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).