Foundations Investment Advisors LLC Lowers Stake in SPDR Gold Shares (NYSEARCA:GLD)

Foundations Investment Advisors LLC lowered its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 0.8% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 270,684 shares of the exchange traded fund’s stock after selling 2,128 shares during the quarter. SPDR Gold Shares accounts for 1.4% of Foundations Investment Advisors LLC’s investment portfolio, making the stock its 12th biggest position. Foundations Investment Advisors LLC owned 0.09% of SPDR Gold Shares worth $77,995,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. KFA Private Wealth Group LLC raised its position in shares of SPDR Gold Shares by 234.9% during the 1st quarter. KFA Private Wealth Group LLC now owns 3,892 shares of the exchange traded fund’s stock valued at $1,121,000 after buying an additional 2,730 shares in the last quarter. Maridea Wealth Management LLC raised its position in SPDR Gold Shares by 12.2% in the 1st quarter. Maridea Wealth Management LLC now owns 26,261 shares of the exchange traded fund’s stock worth $7,567,000 after purchasing an additional 2,864 shares during the period. Avalon Capital Management raised its position in SPDR Gold Shares by 1.0% in the 1st quarter. Avalon Capital Management now owns 59,211 shares of the exchange traded fund’s stock worth $17,061,000 after purchasing an additional 575 shares during the period. Purkiss Capital Advisors LLC raised its position in SPDR Gold Shares by 17.8% in the 1st quarter. Purkiss Capital Advisors LLC now owns 6,606 shares of the exchange traded fund’s stock worth $1,904,000 after purchasing an additional 1,000 shares during the period. Finally, Baldwin Investment Management LLC purchased a new position in SPDR Gold Shares in the 1st quarter worth $288,000. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Down 0.9%

Shares of NYSEARCA:GLD opened at $307.40 on Monday. The stock has a market cap of $102.00 billion, a PE ratio of -32.43 and a beta of 0.15. The company’s fifty day moving average is $307.94 and its 200 day moving average is $288.69. SPDR Gold Shares has a 52 week low of $219.04 and a 52 week high of $317.63.

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).