Foundations Investment Advisors LLC Has $72.20 Million Position in SPDR Gold Shares $GLD

Foundations Investment Advisors LLC lowered its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 12.5% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 236,863 shares of the exchange traded fund’s stock after selling 33,821 shares during the period. SPDR Gold Shares accounts for approximately 1.1% of Foundations Investment Advisors LLC’s holdings, making the stock its 19th largest position. Foundations Investment Advisors LLC’s holdings in SPDR Gold Shares were worth $72,203,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. MJT & Associates Financial Advisory Group Inc. acquired a new stake in SPDR Gold Shares during the 1st quarter valued at $30,000. Stone House Investment Management LLC bought a new stake in shares of SPDR Gold Shares during the 1st quarter worth about $34,000. Legacy Wealth Managment LLC ID raised its holdings in SPDR Gold Shares by 51.1% in the 1st quarter. Legacy Wealth Managment LLC ID now owns 136 shares of the exchange traded fund’s stock valued at $39,000 after acquiring an additional 46 shares during the period. First Command Advisory Services Inc. bought a new stake in shares of SPDR Gold Shares during the second quarter worth approximately $43,000. Finally, Decker Retirement Planning Inc. grew its position in shares of SPDR Gold Shares by 358.8% in the second quarter. Decker Retirement Planning Inc. now owns 156 shares of the exchange traded fund’s stock valued at $48,000 after purchasing an additional 122 shares during the last quarter. 42.19% of the stock is owned by institutional investors and hedge funds.

SPDR Gold Shares Stock Performance

GLD opened at $375.96 on Friday. SPDR Gold Shares has a fifty-two week low of $236.33 and a fifty-two week high of $403.30. The stock has a fifty day moving average of $362.36 and a 200-day moving average of $327.14. The company has a market capitalization of $136.06 billion, a P/E ratio of -32.43 and a beta of 0.09.

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).