Foundations Investment Advisors LLC Has $48.58 Million Stake in SPDR Gold Shares (NYSEARCA:GLD)

Foundations Investment Advisors LLC decreased its stake in SPDR Gold Shares (NYSEARCA:GLD) by 3.9% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 225,962 shares of the exchange traded fund’s stock after selling 9,101 shares during the quarter. SPDR Gold Shares makes up about 1.2% of Foundations Investment Advisors LLC’s investment portfolio, making the stock its 20th largest position. Foundations Investment Advisors LLC owned 0.08% of SPDR Gold Shares worth $48,584,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also bought and sold shares of the stock. Fortis Capital Advisors LLC raised its position in SPDR Gold Shares by 26.9% in the 2nd quarter. Fortis Capital Advisors LLC now owns 4,358 shares of the exchange traded fund’s stock valued at $937,000 after purchasing an additional 924 shares during the last quarter. Founders Financial Securities LLC raised its position in shares of SPDR Gold Shares by 41.8% during the second quarter. Founders Financial Securities LLC now owns 5,050 shares of the exchange traded fund’s stock worth $1,086,000 after acquiring an additional 1,489 shares during the last quarter. Magnus Financial Group LLC raised its position in shares of SPDR Gold Shares by 1.9% during the second quarter. Magnus Financial Group LLC now owns 7,311 shares of the exchange traded fund’s stock worth $1,572,000 after acquiring an additional 135 shares during the last quarter. Legacy Capital Wealth Partners LLC raised its position in shares of SPDR Gold Shares by 40.0% during the second quarter. Legacy Capital Wealth Partners LLC now owns 3,374 shares of the exchange traded fund’s stock worth $725,000 after acquiring an additional 964 shares during the last quarter. Finally, Allegheny Financial Group LTD grew its stake in shares of SPDR Gold Shares by 20.4% during the second quarter. Allegheny Financial Group LTD now owns 1,933 shares of the exchange traded fund’s stock worth $416,000 after purchasing an additional 328 shares during the period. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Stock Down 0.4 %

Shares of SPDR Gold Shares stock traded down $0.85 during trading on Wednesday, reaching $229.44. 526,176 shares of the company were exchanged, compared to its average volume of 7,079,997. SPDR Gold Shares has a twelve month low of $168.30 and a twelve month high of $234.01. The business has a 50-day moving average price of $224.42 and a 200-day moving average price of $215.06.

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).