Foster & Motley Inc. Grows Stake in SPDR Gold Shares $GLD

Foster & Motley Inc. grew its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 24.4% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 876 shares of the exchange traded fund’s stock after acquiring an additional 172 shares during the quarter. Foster & Motley Inc.’s holdings in SPDR Gold Shares were worth $267,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. MJT & Associates Financial Advisory Group Inc. purchased a new position in shares of SPDR Gold Shares in the 1st quarter valued at about $30,000. Stone House Investment Management LLC purchased a new position in shares of SPDR Gold Shares in the 1st quarter valued at about $34,000. Columbia River Financial Group LLC purchased a new position in shares of SPDR Gold Shares in the 1st quarter valued at about $34,000. Legacy Wealth Managment LLC ID increased its holdings in shares of 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 last quarter. Finally, HWG Holdings LP purchased a new position in shares of SPDR Gold Shares in the 1st quarter valued at about $53,000. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Down 1.9%

NYSEARCA:GLD opened at $388.99 on Monday. The stock’s 50 day moving average price is $338.26 and its 200 day moving average price is $316.48. The company has a market capitalization of $138.95 billion, a PE ratio of -32.43 and a beta of 0.15. SPDR Gold Shares has a 52-week low of $236.13 and a 52-week high of $397.28.

About SPDR Gold Shares

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).