Founders Financial Alliance LLC Boosts Holdings in SPDR Gold Shares (NYSEARCA:GLD)

Founders Financial Alliance LLC grew its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 2.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,359 shares of the exchange traded fund’s stock after acquiring an additional 52 shares during the quarter. Founders Financial Alliance LLC’s holdings in SPDR Gold Shares were worth $507,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Scarborough Advisors LLC grew its position in SPDR Gold Shares by 10,133.3% in the fourth quarter. Scarborough Advisors LLC now owns 2,662,393 shares of the exchange traded fund’s stock worth $508,970,000 after acquiring an additional 2,636,376 shares in the last quarter. Toronto Dominion Bank boosted its holdings in shares of SPDR Gold Shares by 23.6% in the 1st quarter. Toronto Dominion Bank now owns 5,649,510 shares of the exchange traded fund’s stock worth $1,162,217,000 after purchasing an additional 1,079,452 shares in the last quarter. Arizona PSPRS Trust bought a new position in shares of SPDR Gold Shares during the 2nd quarter valued at about $157,187,000. Global Assets Advisory LLC purchased a new position in shares of SPDR Gold Shares during the 1st quarter valued at about $144,269,000. Finally, GLOBALT Investments LLC GA bought a new stake in SPDR Gold Shares in the 4th quarter worth approximately $124,066,000. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Down 0.8 %

Shares of GLD opened at $243.06 on Tuesday. SPDR Gold Shares has a 1 year low of $168.30 and a 1 year high of $247.37. The stock has a 50 day simple moving average of $231.33 and a two-hundred day simple moving average of $221.02.

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).