Foster Group Inc. Has $413,000 Stock Position in SPDR Gold Shares (NYSEARCA:GLD)

Foster Group Inc. lessened its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 60.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,704 shares of the exchange traded fund’s stock after selling 2,610 shares during the period. Foster Group Inc.’s holdings in SPDR Gold Shares were worth $413,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Ashton Thomas Securities LLC bought a new position in shares of SPDR Gold Shares during the third quarter valued at about $28,000. Capital Performance Advisors LLP bought a new position in shares of SPDR Gold Shares during the 3rd quarter worth approximately $35,000. Pittenger & Anderson Inc. purchased a new position in shares of SPDR Gold Shares in the 3rd quarter worth approximately $38,000. Sugarloaf Wealth Management LLC grew its holdings in shares of SPDR Gold Shares by 78.9% in the third quarter. Sugarloaf Wealth Management LLC now owns 161 shares of the exchange traded fund’s stock valued at $39,000 after acquiring an additional 71 shares in the last quarter. Finally, Maryland Capital Advisors Inc. bought a new stake in SPDR Gold Shares during the third quarter worth $40,000. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

GLD stock opened at $255.18 on Wednesday. The stock’s fifty day simple moving average is $245.55 and its two-hundred day simple moving average is $239.93. SPDR Gold Shares has a 1-year low of $183.78 and a 1-year high of $257.71.

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).