SPDR Gold Shares $GLD Stock Holdings Trimmed by Dynamic Advisor Solutions LLC

Dynamic Advisor Solutions LLC lowered its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 6.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 80,753 shares of the exchange traded fund’s stock after selling 5,451 shares during the period. SPDR Gold Shares makes up 0.8% of Dynamic Advisor Solutions LLC’s holdings, making the stock its 26th largest position. Dynamic Advisor Solutions LLC’s holdings in SPDR Gold Shares were worth $24,616,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Raymond James Financial Inc. raised its stake in SPDR Gold Shares by 11.0% during the 1st quarter. Raymond James Financial Inc. now owns 2,063,634 shares of the exchange traded fund’s stock valued at $594,616,000 after acquiring an additional 204,676 shares in the last quarter. Ameriprise Financial Inc. raised its stake in shares of SPDR Gold Shares by 12.2% in the 1st quarter. Ameriprise Financial Inc. now owns 1,556,698 shares of the exchange traded fund’s stock worth $450,902,000 after buying an additional 169,005 shares in the last quarter. 59 North Capital Management LP raised its stake in shares of SPDR Gold Shares by 76.4% in the 1st quarter. 59 North Capital Management LP now owns 1,263,196 shares of the exchange traded fund’s stock worth $363,977,000 after buying an additional 547,018 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in shares of SPDR Gold Shares by 9.6% in the 1st quarter. Envestnet Asset Management Inc. now owns 1,217,861 shares of the exchange traded fund’s stock worth $350,914,000 after buying an additional 106,648 shares in the last quarter. Finally, Commonwealth Equity Services LLC raised its stake in shares of SPDR Gold Shares by 16.5% in the 1st quarter. Commonwealth Equity Services LLC now owns 1,141,703 shares of the exchange traded fund’s stock worth $328,970,000 after buying an additional 161,638 shares in the last quarter. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

GLD opened at $339.59 on Wednesday. SPDR Gold Shares has a one year low of $235.30 and a one year high of $340.88. The stock’s fifty day moving average is $314.63 and its 200-day moving average is $302.91. The company has a market capitalization of $113.22 billion, a PE ratio of -32.43 and a beta of 0.15.

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).