Iams Wealth Management LLC Increases Holdings in SPDR Gold Shares (NYSEARCA:GLD)

Iams Wealth Management LLC grew its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 16.5% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 1,384 shares of the exchange traded fund’s stock after acquiring an additional 196 shares during the period. Iams Wealth Management LLC’s holdings in SPDR Gold Shares were worth $335,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. International Assets Investment Management LLC boosted its position in shares of SPDR Gold Shares by 21,571.1% in the 3rd quarter. International Assets Investment Management LLC now owns 3,024,639 shares of the exchange traded fund’s stock worth $735,169,000 after purchasing an additional 3,010,682 shares in the last quarter. Diversify Advisory Services LLC lifted its position in SPDR Gold Shares by 446.0% in the 4th quarter. Diversify Advisory Services LLC now owns 239,355 shares of the exchange traded fund’s stock valued at $59,410,000 after acquiring an additional 195,520 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its position in SPDR Gold Shares by 47.5% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 454,153 shares of the exchange traded fund’s stock valued at $110,386,000 after acquiring an additional 146,271 shares in the last quarter. Banco Santander S.A. lifted its position in SPDR Gold Shares by 245.1% in the 3rd quarter. Banco Santander S.A. now owns 160,721 shares of the exchange traded fund’s stock valued at $39,065,000 after acquiring an additional 114,151 shares in the last quarter. Finally, JTC Employer Solutions Trustee Ltd lifted its position in SPDR Gold Shares by 1,565.3% in the 3rd quarter. JTC Employer Solutions Trustee Ltd now owns 115,106 shares of the exchange traded fund’s stock valued at $27,979,000 after acquiring an additional 108,194 shares in the last quarter. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

NYSEARCA GLD opened at $254.66 on Wednesday. SPDR Gold Shares has a 1-year low of $183.78 and a 1-year high of $257.71. The business’s fifty day moving average price is $245.79 and its 200-day moving average price is $240.16.

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).