Foundations Investment Advisors LLC Has $102.82 Million Position in SPDR Gold Shares $GLD

Foundations Investment Advisors LLC reduced its stake in shares of SPDR Gold Shares (NYSEARCA:GLDFree Report) by 11.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 259,450 shares of the exchange traded fund’s stock after selling 32,061 shares during the quarter. SPDR Gold Shares comprises 1.3% of Foundations Investment Advisors LLC’s portfolio, making the stock its 15th biggest position. Foundations Investment Advisors LLC owned 0.07% of SPDR Gold Shares worth $102,823,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of GLD. Brighton Jones LLC grew its position in shares of SPDR Gold Shares by 20.4% during the 4th quarter. Brighton Jones LLC now owns 11,246 shares of the exchange traded fund’s stock worth $2,723,000 after buying an additional 1,903 shares during the period. Bison Wealth LLC increased its stake in SPDR Gold Shares by 77.8% during the 4th quarter. Bison Wealth LLC now owns 5,941 shares of the exchange traded fund’s stock worth $1,438,000 after purchasing an additional 2,600 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC bought a new stake in SPDR Gold Shares during the 1st quarter worth approximately $16,014,000. Schnieders Capital Management LLC. increased its stake in SPDR Gold Shares by 4.8% during the 2nd quarter. Schnieders Capital Management LLC. now owns 6,000 shares of the exchange traded fund’s stock worth $1,829,000 after purchasing an additional 275 shares in the last quarter. Finally, Prudential Financial Inc. bought a new stake in SPDR Gold Shares during the 2nd quarter worth approximately $337,000. 42.19% of the stock is currently owned by institutional investors and hedge funds.

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SPDR Gold Shares Stock Performance

NYSEARCA GLD opened at $408.49 on Thursday. The business has a 50 day simple moving average of $426.74 and a 200 day simple moving average of $426.03. SPDR Gold Shares has a 52-week low of $299.89 and a 52-week high of $509.70. The stock has a market cap of $148.57 billion, a price-to-earnings ratio of -32.43 and a beta of 0.15.

SPDR Gold Shares Company Profile

(Free Report)

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). The Trust issues Shares in Baskets to certain authorized participants (Authorized Participants) on an ongoing basis. The creation and redemption of Baskets is only made in exchange for the delivery to the Trust or the distribution by the Trust of the amount of gold and any cash represented by the Baskets being created or redeemed, the amount of which will be based on the combined net asset value of various Shares included in the Baskets being created or redeemed determined on the day the order to create or redeem Baskets is properly received.

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

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