Dynamic Advisor Solutions LLC Reduces Stock Position in SPDR Gold Shares $GLD

Dynamic Advisor Solutions LLC cut its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 4.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 77,280 shares of the exchange traded fund’s stock after selling 3,473 shares during the period. SPDR Gold Shares comprises about 0.8% of Dynamic Advisor Solutions LLC’s holdings, making the stock its 25th largest position. Dynamic Advisor Solutions LLC’s holdings in SPDR Gold Shares were worth $27,471,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in GLD. Laurel Wealth Advisors LLC raised its position in shares of SPDR Gold Shares by 31,232.8% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 2,922,406 shares of the exchange traded fund’s stock worth $890,837,000 after acquiring an additional 2,913,079 shares in the last quarter. Ameriprise Financial Inc. increased its stake in SPDR Gold Shares by 12.2% in the first quarter. Ameriprise Financial Inc. now owns 1,556,698 shares of the exchange traded fund’s stock valued at $450,902,000 after purchasing an additional 169,005 shares during the last quarter. 59 North Capital Management LP raised its holdings in SPDR Gold Shares by 76.4% during the first quarter. 59 North Capital Management LP now owns 1,263,196 shares of the exchange traded fund’s stock worth $363,977,000 after purchasing an additional 547,018 shares in the last quarter. Corient Private Wealth LLC lifted its position in shares of SPDR Gold Shares by 108.1% during the 2nd quarter. Corient Private Wealth LLC now owns 1,077,230 shares of the exchange traded fund’s stock worth $327,500,000 after buying an additional 559,507 shares during the last quarter. Finally, Rockefeller Capital Management L.P. lifted its position in shares of SPDR Gold Shares by 15.4% during the 2nd quarter. Rockefeller Capital Management L.P. now owns 854,436 shares of the exchange traded fund’s stock worth $260,458,000 after buying an additional 114,028 shares during the last quarter. 42.19% of the stock is owned by institutional investors and hedge funds.

SPDR Gold Shares Price Performance

NYSEARCA GLD opened at $398.57 on Friday. The firm’s fifty day moving average price is $380.89 and its 200 day moving average price is $340.90. The company has a market capitalization of $144.24 billion, a price-to-earnings ratio of -32.43 and a beta of 0.09. SPDR Gold Shares has a 12 month low of $238.73 and a 12 month high of $403.30.

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).