TIAA Trust National Association Cuts Stake in SPDR Gold Shares (NYSEARCA:GLD)

TIAA Trust National Association cut its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 44.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,286 shares of the exchange traded fund’s stock after selling 1,013 shares during the quarter. TIAA Trust National Association’s holdings in SPDR Gold Shares were worth $311,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Roxbury Financial LLC bought a new stake in shares of SPDR Gold Shares in the 4th quarter valued at about $31,000. PayPay Securities Corp increased its holdings in SPDR Gold Shares by 55.3% during the fourth quarter. PayPay Securities Corp now owns 132 shares of the exchange traded fund’s stock valued at $32,000 after buying an additional 47 shares during the period. Keystone Financial Group Inc. bought a new position in SPDR Gold Shares in the fourth quarter worth approximately $39,000. Compass Planning Associates Inc purchased a new stake in SPDR Gold Shares during the fourth quarter worth $39,000. Finally, SOA Wealth Advisors LLC. boosted its position in SPDR Gold Shares by 54.0% during the 3rd quarter. SOA Wealth Advisors LLC. now owns 194 shares of the exchange traded fund’s stock valued at $47,000 after acquiring an additional 68 shares in the last quarter. 42.19% of the stock is currently owned by institutional investors.

SPDR Gold Shares Trading Up 0.7 %

Shares of NYSEARCA:GLD opened at $284.06 on Friday. The company has a market capitalization of $85.39 billion, a PE ratio of -29.30 and a beta of 0.20. SPDR Gold Shares has a 12-month low of $206.29 and a 12-month high of $284.64. The business’s fifty day simple moving average is $267.64 and its 200-day simple moving average is $252.76.

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).