Independence Bank of Kentucky Grows Position in SPDR Gold Shares (GLD)

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Independence Bank of Kentucky increased its stake in SPDR Gold Shares (NYSEARCA:GLD) by 34.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,381 shares of the exchange traded fund’s stock after buying an additional 3,980 shares during the period. SPDR Gold Shares accounts for 1.4% of Independence Bank of Kentucky’s portfolio, making the stock its 24th largest position. Independence Bank of Kentucky’s holdings in SPDR Gold Shares were worth $1,734,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently added to or reduced their stakes in GLD. Sei Investments Co. raised its stake in SPDR Gold Shares by 20.9% in the first quarter. Sei Investments Co. now owns 13,953 shares of the exchange traded fund’s stock worth $1,755,000 after buying an additional 2,412 shares in the last quarter. Natixis raised its stake in SPDR Gold Shares by 13.2% in the first quarter. Natixis now owns 6,888 shares of the exchange traded fund’s stock worth $866,000 after buying an additional 804 shares in the last quarter. Guggenheim Capital LLC raised its stake in SPDR Gold Shares by 17.6% in the first quarter. Guggenheim Capital LLC now owns 32,631 shares of the exchange traded fund’s stock worth $4,105,000 after buying an additional 4,872 shares in the last quarter. Tuttle Tactical Management bought a new position in SPDR Gold Shares in the first quarter worth about $416,000. Finally, Nvwm LLC raised its stake in SPDR Gold Shares by 156.9% in the first quarter. Nvwm LLC now owns 2,320 shares of the exchange traded fund’s stock worth $296,000 after buying an additional 1,417 shares in the last quarter.

GLD stock traded down $0.05 during trading on Wednesday, reaching $115.75. The company had a trading volume of 995,246 shares, compared to its average volume of 7,140,910. SPDR Gold Shares has a 52 week low of $111.06 and a 52 week high of $129.51.

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).

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Institutional Ownership by Quarter for SPDR Gold Shares (NYSEARCA:GLD)

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