Teacher Retirement System of Texas Grows Holdings in SPDR Gold Shares $GLD

Teacher Retirement System of Texas boosted its holdings in SPDR Gold Shares (NYSEARCA:GLDFree Report) by 103.7% in the 4th quarter, Holdings Channel reports. The firm owned 568,900 shares of the exchange traded fund’s stock after purchasing an additional 289,550 shares during the period. SPDR Gold Shares accounts for about 0.8% of Teacher Retirement System of Texas’ investment portfolio, making the stock its 15th biggest holding. Teacher Retirement System of Texas’ holdings in SPDR Gold Shares were worth $225,461,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. West Michigan Advisors LLC increased its stake in SPDR Gold Shares by 50.5% in the 4th quarter. West Michigan Advisors LLC now owns 9,182 shares of the exchange traded fund’s stock valued at $3,639,000 after buying an additional 3,082 shares during the period. Tufton Capital Management purchased a new stake in shares of SPDR Gold Shares in the 4th quarter worth about $219,000. HB Wealth Management LLC boosted its position in shares of SPDR Gold Shares by 1.7% in the 4th quarter. HB Wealth Management LLC now owns 67,330 shares of the exchange traded fund’s stock worth $26,684,000 after buying an additional 1,148 shares in the last quarter. G&S Capital LLC boosted its position in shares of SPDR Gold Shares by 69.5% in the 4th quarter. G&S Capital LLC now owns 1,227 shares of the exchange traded fund’s stock worth $486,000 after buying an additional 503 shares in the last quarter. Finally, Fishman Jay A Ltd. MI purchased a new stake in shares of SPDR Gold Shares in the 4th quarter worth about $297,000. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Trading Up 1.3%

NYSEARCA:GLD opened at $435.26 on Thursday. The firm has a market cap of $161.44 billion, a price-to-earnings ratio of -32.43 and a beta of 0.20. The company’s 50-day moving average is $447.88 and its two-hundred day moving average is $417.81. SPDR Gold Shares has a 12-month low of $291.78 and a 12-month high of $509.70.

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About SPDR Gold Shares

(Free Report)

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). The Trust issues Shares in Baskets to certain authorized participants (Authorized Participants) on an ongoing basis. The creation and redemption of Baskets is only made in exchange for the delivery to the Trust or the distribution by the Trust of the amount of gold and any cash represented by the Baskets being created or redeemed, the amount of which will be based on the combined net asset value of various Shares included in the Baskets being created or redeemed determined on the day the order to create or redeem Baskets is properly received.

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Institutional Ownership by Quarter for SPDR Gold Shares (NYSEARCA:GLD)

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