SPDR Gold Shares (NYSEARCA:GLD) Shares Sold by Dynamic Advisor Solutions LLC

Dynamic Advisor Solutions LLC decreased its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 16.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 81,360 shares of the exchange traded fund’s stock after selling 15,682 shares during the period. SPDR Gold Shares comprises about 0.9% of Dynamic Advisor Solutions LLC’s portfolio, making the stock its 23rd largest holding. Dynamic Advisor Solutions LLC’s holdings in SPDR Gold Shares were worth $19,700,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Accel Wealth Management lifted its holdings in shares of SPDR Gold Shares by 49.4% in the 4th quarter. Accel Wealth Management now owns 5,944 shares of the exchange traded fund’s stock worth $1,439,000 after purchasing an additional 1,965 shares during the last quarter. PCG Wealth Advisors LLC increased its position in SPDR Gold Shares by 10.4% in the fourth quarter. PCG Wealth Advisors LLC now owns 38,894 shares of the exchange traded fund’s stock worth $9,417,000 after buying an additional 3,670 shares during the period. Carr Financial Group Corp lifted its stake in SPDR Gold Shares by 6.4% in the fourth quarter. Carr Financial Group Corp now owns 15,629 shares of the exchange traded fund’s stock valued at $3,784,000 after buying an additional 935 shares during the last quarter. CX Institutional acquired a new position in shares of SPDR Gold Shares during the fourth quarter valued at $312,000. Finally, Encompass More Asset Management bought a new position in shares of SPDR Gold Shares during the fourth quarter worth about $1,114,000. 42.19% of the stock is owned by institutional investors and hedge funds.

SPDR Gold Shares Stock Up 0.6 %

GLD stock opened at $255.65 on Friday. The firm’s 50-day simple moving average is $245.31 and its 200 day simple moving average is $239.43. SPDR Gold Shares has a fifty-two week low of $183.78 and a fifty-two week 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).