TIAA Trust National Association Sells 1,097 Shares of SPDR Gold Shares (NYSEARCA:GLD)

TIAA Trust National Association reduced its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 51.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,056 shares of the exchange traded fund’s stock after selling 1,097 shares during the quarter. TIAA Trust National Association’s holdings in SPDR Gold Shares were worth $227,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Triad Wealth Partners LLC acquired a new stake in shares of SPDR Gold Shares in the 2nd quarter valued at $25,000. Frazier Financial Advisors LLC bought a new stake in SPDR Gold Shares during the 4th quarter worth about $26,000. Northwest Investment Counselors LLC acquired a new position in SPDR Gold Shares during the 1st quarter valued at about $26,000. Gold Investment Management Ltd. bought a new position in shares of SPDR Gold Shares in the 4th quarter valued at about $27,000. Finally, Private Ocean LLC grew its position in shares of SPDR Gold Shares by 155.1% during the 2nd quarter. Private Ocean LLC now owns 125 shares of the exchange traded fund’s stock worth $27,000 after buying an additional 76 shares during the period. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

GLD opened at $230.64 on Friday. SPDR Gold Shares has a fifty-two week low of $168.30 and a fifty-two week high of $234.01. The firm has a 50 day simple moving average of $225.43 and a 200 day simple moving average of $215.59.

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).