Teachers Insurance & Annuity Association of America Sells 351 Shares of SPDR Gold Shares (NYSEARCA:GLD)

Teachers Insurance & Annuity Association of America reduced its stake in SPDR Gold Shares (NYSEARCA:GLD) by 11.3% during the fourth quarter, HoldingsChannel reports. The firm owned 2,751 shares of the exchange traded fund’s stock after selling 351 shares during the quarter. SPDR Gold Shares accounts for about 0.9% of Teachers Insurance & Annuity Association of America’s investment portfolio, making the stock its 20th largest holding. Teachers Insurance & Annuity Association of America’s holdings in SPDR Gold Shares were worth $666,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the stock. Modern Wealth Management LLC boosted its stake in shares of SPDR Gold Shares by 39.4% during the fourth quarter. Modern Wealth Management LLC now owns 9,301 shares of the exchange traded fund’s stock valued at $2,496,000 after purchasing an additional 2,631 shares in the last quarter. Grantvest Financial Group LLC acquired a new position in SPDR Gold Shares in the 4th quarter valued at approximately $409,000. Lynx Investment Advisory lifted its holdings in shares of SPDR Gold Shares by 10.4% during the fourth quarter. Lynx Investment Advisory now owns 17,735 shares of the exchange traded fund’s stock worth $4,294,000 after purchasing an additional 1,669 shares during the period. Congress Wealth Management LLC DE grew its stake in shares of SPDR Gold Shares by 5.8% in the fourth quarter. Congress Wealth Management LLC DE now owns 21,441 shares of the exchange traded fund’s stock worth $5,192,000 after purchasing an additional 1,181 shares during the last quarter. Finally, Crowley Wealth Management Inc. acquired a new stake in SPDR Gold Shares in the fourth quarter valued at $564,000. 42.19% of the stock is currently owned by institutional investors and hedge funds.

SPDR Gold Shares Trading Down 0.4 %

Shares of GLD opened at $277.25 on Tuesday. The stock’s 50-day moving average price is $265.10 and its two-hundred day moving average price is $251.67. SPDR Gold Shares has a 12 month low of $200.97 and a 12 month high of $281.48. The company has a market capitalization of $83.34 billion, a PE ratio of -29.30 and a beta of 0.20.

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).