Foundations Investment Advisors LLC Acquires 14,691 Shares of SPDR Gold Shares (NYSEARCA:GLD)

Foundations Investment Advisors LLC increased its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 5.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 272,812 shares of the exchange traded fund’s stock after buying an additional 14,691 shares during the period. SPDR Gold Shares accounts for about 1.3% of Foundations Investment Advisors LLC’s investment portfolio, making the stock its 18th biggest holding. Foundations Investment Advisors LLC owned approximately 0.09% of SPDR Gold Shares worth $66,056,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Ashton Thomas Securities LLC acquired a new position in SPDR Gold Shares during the third quarter valued at approximately $28,000. Capital Performance Advisors LLP acquired a new position in SPDR Gold Shares during the third quarter valued at approximately $35,000. Pittenger & Anderson Inc. acquired a new position in SPDR Gold Shares during the third quarter valued at approximately $38,000. Sugarloaf Wealth Management LLC grew its holdings in SPDR Gold Shares by 78.9% during the third quarter. Sugarloaf Wealth Management LLC now owns 161 shares of the exchange traded fund’s stock valued at $39,000 after purchasing an additional 71 shares during the period. Finally, Maryland Capital Advisors Inc. acquired a new position in shares of SPDR Gold Shares in the third quarter valued at approximately $40,000. 42.19% of the stock is owned by institutional investors.

SPDR Gold Shares Trading Down 0.2 %

SPDR Gold Shares stock opened at $253.66 on Monday. SPDR Gold Shares has a twelve month low of $183.78 and a twelve month high of $257.71. The company has a 50 day moving average of $245.31 and a 200-day moving average of $239.72.

SPDR Gold Shares 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).