Independence Bank of Kentucky Sells 10,195 Shares of SPDR Gold Shares (NYSEARCA:GLD)

Independence Bank of Kentucky trimmed its stake in SPDR Gold Shares (NYSEARCA:GLD) by 86.9% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,542 shares of the exchange traded fund’s stock after selling 10,195 shares during the period. Independence Bank of Kentucky’s holdings in SPDR Gold Shares were worth $275,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Physician Wealth Advisors Inc. increased its position in shares of SPDR Gold Shares by 4.2% during the first quarter. Physician Wealth Advisors Inc. now owns 1,330 shares of the exchange traded fund’s stock worth $247,000 after buying an additional 54 shares during the period. Cyndeo Wealth Partners LLC lifted its stake in SPDR Gold Shares by 0.4% during the 1st quarter. Cyndeo Wealth Partners LLC now owns 12,362 shares of the exchange traded fund’s stock valued at $3,880,000 after acquiring an additional 55 shares in the last quarter. Pensionmark Financial Group LLC lifted its position in shares of SPDR Gold Shares by 1.1% during the first quarter. Pensionmark Financial Group LLC now owns 5,029 shares of the exchange traded fund’s stock valued at $921,000 after purchasing an additional 55 shares in the last quarter. True Capital Management boosted its stake in shares of SPDR Gold Shares by 3.3% in the 1st quarter. True Capital Management now owns 1,798 shares of the exchange traded fund’s stock worth $329,000 after buying an additional 57 shares during the last quarter. Finally, Independent Wealth Network Inc. boosted its position in SPDR Gold Shares by 1.1% in the first quarter. Independent Wealth Network Inc. now owns 5,453 shares of the exchange traded fund’s stock worth $999,000 after purchasing an additional 58 shares during the last quarter. 40.99% of the stock is currently owned by institutional investors.

SPDR Gold Shares Stock Performance

Shares of NYSEARCA GLD opened at $178.37 on Friday. SPDR Gold Shares has a twelve month low of $150.57 and a twelve month high of $191.36. The stock’s 50-day simple moving average is $179.31 and its two-hundred day simple moving average is $180.92.

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).