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

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

A number of other institutional investors and hedge funds also recently modified their holdings of GLD. Semmax Financial Advisors Inc. lifted its stake 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 worth $25,000 after buying an additional 48 shares during the last quarter. Ashton Thomas Securities LLC acquired a new position in shares of SPDR Gold Shares in the third quarter valued at approximately $28,000. Capital Performance Advisors LLP bought a new position in shares of SPDR Gold Shares during the third quarter worth approximately $35,000. Pittenger & Anderson Inc. acquired a new stake in SPDR Gold Shares during the 3rd quarter worth approximately $38,000. Finally, Sugarloaf Wealth Management LLC grew its holdings in SPDR Gold Shares by 78.9% in 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 owned by institutional investors.

SPDR Gold Shares Price Performance

GLD opened at $254.43 on Thursday. SPDR Gold Shares has a fifty-two week low of $183.78 and a fifty-two week high of $257.71. The stock has a fifty day moving average of $244.25 and a 200-day moving average of $238.96.

SPDR Gold Shares Company 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).