Teachers Insurance & Annuity Association of America Makes New Investment in SPDR Gold Shares (NYSEARCA:GLD)

Teachers Insurance & Annuity Association of America bought a new stake in SPDR Gold Shares (NYSEARCA:GLD) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 3,102 shares of the exchange traded fund’s stock, valued at approximately $754,000. SPDR Gold Shares accounts for approximately 1.2% of Teachers Insurance & Annuity Association of America’s investment portfolio, making the stock its 18th largest position.

Other hedge funds have also made changes to their positions in the company. Romano Brothers AND Company boosted its stake in shares of SPDR Gold Shares by 1.0% during the 3rd quarter. Romano Brothers AND Company now owns 4,122 shares of the exchange traded fund’s stock valued at $1,002,000 after buying an additional 40 shares during the period. Delta Financial Group Inc. increased its stake in shares of SPDR Gold Shares by 1.2% during the 3rd quarter. Delta Financial Group Inc. now owns 3,492 shares of the exchange traded fund’s stock worth $849,000 after purchasing an additional 41 shares during the last quarter. Spinnaker Trust raised its holdings in shares of SPDR Gold Shares by 1.1% during the 3rd quarter. Spinnaker Trust now owns 3,932 shares of the exchange traded fund’s stock valued at $956,000 after purchasing an additional 43 shares in the last quarter. Compton Wealth Advisory Group LLC boosted its holdings in SPDR Gold Shares by 3.2% in the third quarter. Compton Wealth Advisory Group LLC now owns 1,409 shares of the exchange traded fund’s stock worth $342,000 after purchasing an additional 44 shares in the last quarter. Finally, Acorn Wealth Advisors LLC increased its position in SPDR Gold Shares by 1.4% during the third quarter. Acorn Wealth Advisors LLC now owns 3,242 shares of the exchange traded fund’s stock worth $788,000 after buying an additional 44 shares during the last quarter. 42.19% of the stock is owned by hedge funds and other institutional investors.

SPDR Gold Shares Stock Performance

Shares of GLD traded up $0.54 during trading hours on Thursday, hitting $243.49. 6,930,587 shares of the company were exchanged, compared to its average volume of 7,057,435. The firm’s 50 day moving average is $246.38 and its 200-day moving average is $231.18. SPDR Gold Shares has a 52 week low of $183.15 and a 52 week high of $257.71.

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).