Dynamic Advisor Solutions LLC increased its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 6.4% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 85,888 shares of the exchange traded fund’s stock after acquiring an additional 5,167 shares during the quarter. SPDR Gold Shares comprises approximately 1.1% of Dynamic Advisor Solutions LLC’s portfolio, making the stock its 11th biggest position. Dynamic Advisor Solutions LLC’s holdings in SPDR Gold Shares were worth $14,226,000 as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in GLD. JPMorgan Chase & Co. raised its holdings in SPDR Gold Shares by 111.5% in the first quarter. JPMorgan Chase & Co. now owns 789,956 shares of the exchange traded fund’s stock worth $126,361,000 after purchasing an additional 7,658,680 shares in the last quarter. Virtu Financial LLC bought a new stake in SPDR Gold Shares in the 1st quarter worth about $212,572,000. TownSquare Capital LLC increased its holdings in SPDR Gold Shares by 1,728.6% in the 1st quarter. TownSquare Capital LLC now owns 610,601 shares of the exchange traded fund’s stock worth $16,534,000 after buying an additional 577,210 shares in the last quarter. WealthNavi Inc. boosted its position in SPDR Gold Shares by 28.0% in the first quarter. WealthNavi Inc. now owns 1,675,654 shares of the exchange traded fund’s stock worth $268,038,000 after purchasing an additional 366,601 shares during the last quarter. Finally, Wellington Shields Capital Management LLC boosted its position in SPDR Gold Shares by 1,646.1% in the first quarter. Wellington Shields Capital Management LLC now owns 327,954 shares of the exchange traded fund’s stock worth $52,460,000 after purchasing an additional 309,172 shares during the last quarter. 39.20% of the stock is owned by institutional investors.
NYSEARCA GLD traded down $1.06 during trading hours on Wednesday, reaching $167.76. The company’s stock had a trading volume of 365,249 shares, compared to its average volume of 8,678,142. The firm’s 50-day moving average price is $168.26 and its 200-day moving average price is $167.86. SPDR Gold Shares has a 1 year low of $157.13 and a 1 year high of $185.01.
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).
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