First Horizon Advisors Inc. Has $24.40 Million Holdings in SPDR Gold Shares (NYSEARCA:GLD)

First Horizon Advisors Inc. cut its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 1.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 100,386 shares of the exchange traded fund’s stock after selling 1,857 shares during the period. First Horizon Advisors Inc.’s holdings in SPDR Gold Shares were worth $24,400,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Toronto Dominion Bank grew its stake in SPDR Gold Shares by 23.6% in the first quarter. Toronto Dominion Bank now owns 5,649,510 shares of the exchange traded fund’s stock valued at $1,162,217,000 after acquiring an additional 1,079,452 shares during the period. International Assets Investment Management LLC boosted its position in shares of SPDR Gold Shares by 21,571.1% during the third quarter. International Assets Investment Management LLC now owns 3,024,639 shares of the exchange traded fund’s stock worth $735,169,000 after buying an additional 3,010,682 shares during the period. Envestnet Asset Management Inc. boosted its position in shares of SPDR Gold Shares by 2.6% during the second quarter. Envestnet Asset Management Inc. now owns 1,128,933 shares of the exchange traded fund’s stock worth $242,732,000 after buying an additional 28,683 shares during the period. Commonwealth Equity Services LLC boosted its position in shares of SPDR Gold Shares by 7.5% during the second quarter. Commonwealth Equity Services LLC now owns 1,007,710 shares of the exchange traded fund’s stock worth $216,668,000 after buying an additional 70,290 shares during the period. Finally, Raymond James Financial Services Advisors Inc. boosted its position in shares of SPDR Gold Shares by 6.8% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 857,981 shares of the exchange traded fund’s stock worth $184,474,000 after buying an additional 54,974 shares during the period. 42.19% of the stock is owned by institutional investors and hedge funds.

SPDR Gold Shares Trading Up 0.9 %

GLD opened at $243.25 on Wednesday. SPDR Gold Shares has a 52-week low of $182.23 and a 52-week high of $257.71. The business’s 50-day simple moving average is $245.35 and its 200 day simple moving average is $230.05.

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).