SPDR Gold Shares (NYSEARCA:GLD) Shares Bought by TIAA Trust National Association

TIAA Trust National Association grew its stake in SPDR Gold Shares (NYSEARCA:GLD) by 51.8% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,153 shares of the exchange traded fund’s stock after purchasing an additional 735 shares during the period. TIAA Trust National Association’s holdings in SPDR Gold Shares were worth $443,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the stock. Scarborough Advisors LLC boosted its position in SPDR Gold Shares by 10,133.3% in the 4th quarter. Scarborough Advisors LLC now owns 2,662,393 shares of the exchange traded fund’s stock worth $508,970,000 after purchasing an additional 2,636,376 shares in the last quarter. International Assets Investment Management LLC lifted its position in shares of SPDR Gold Shares by 19,989.3% during the 4th quarter. International Assets Investment Management LLC now owns 2,437,035 shares of the exchange traded fund’s stock valued at $465,888,000 after buying an additional 2,424,904 shares in the last quarter. Commonwealth Equity Services LLC lifted its position in shares of SPDR Gold Shares by 4.7% during the 4th quarter. Commonwealth Equity Services LLC now owns 1,054,867 shares of the exchange traded fund’s stock valued at $201,659,000 after buying an additional 47,681 shares in the last quarter. Raymond James & Associates lifted its position in shares of SPDR Gold Shares by 2.8% during the 1st quarter. Raymond James & Associates now owns 868,088 shares of the exchange traded fund’s stock valued at $178,583,000 after buying an additional 23,468 shares in the last quarter. Finally, Stifel Financial Corp lifted its position in shares of SPDR Gold Shares by 2.7% during the 4th quarter. Stifel Financial Corp now owns 793,569 shares of the exchange traded fund’s stock valued at $151,707,000 after buying an additional 21,108 shares in the last quarter. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Trading Down 1.8 %

Shares of NYSEARCA:GLD traded down $4.05 during midday trading on Friday, reaching $221.73. 8,665,956 shares of the company’s stock traded hands, compared to its average volume of 5,570,333. SPDR Gold Shares has a 1 year low of $168.30 and a 1 year high of $229.65. The company has a fifty day simple moving average of $218.06 and a two-hundred day simple moving average of $206.11.

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).