Teacher Retirement System of Texas reduced its position in SPDR Gold Trust (NYSEARCA:GLD) by 4.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 264,293 shares of the exchange traded fund’s stock after selling 11,500 shares during the period. Teacher Retirement System of Texas’ holdings in SPDR Gold Trust were worth $31,192,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of GLD. Courage Miller Partners LLC acquired a new stake in SPDR Gold Trust during the second quarter valued at about $203,000. ST Germain D J Co. Inc. acquired a new stake in SPDR Gold Trust during the second quarter valued at about $204,000. Clarkston Capital Partners LLC acquired a new stake in SPDR Gold Trust during the second quarter valued at about $215,000. Kanawha Capital Management LLC raised its stake in SPDR Gold Trust by 6.8% in the second quarter. Kanawha Capital Management LLC now owns 1,955 shares of the exchange traded fund’s stock valued at $231,000 after buying an additional 125 shares in the last quarter. Finally, Meritage Portfolio Management acquired a new stake in SPDR Gold Trust during the second quarter valued at about $246,000.
Shares of SPDR Gold Trust (NYSEARCA:GLD) opened at 122.79 on Friday. SPDR Gold Trust has a 1-year low of $107.00 and a 1-year high of $129.17. The company’s 50-day moving average price is $118.66 and its 200 day moving average price is $118.57. SPDR Gold Trust also saw unusually large options trading activity on Wednesday. Stock investors acquired 73,509 call options on the stock. This is an increase of approximately 130% compared to the average daily volume of 31,916 call options.
TRADEMARK VIOLATION WARNING: This story was first posted by Stock Observer and is the sole property of of Stock Observer. If you are reading this story on another site, it was stolen and reposted in violation of United States and international trademark & copyright law. The original version of this story can be viewed at https://www.thestockobserver.com/2017/08/12/teacher-retirement-system-of-texas-has-31-19-million-stake-in-spdr-gold-trust-nysearcagld.html.
About SPDR Gold Trust
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).
Receive News & Ratings for SPDR Gold Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SPDR Gold Trust and related companies with MarketBeat.com's FREE daily email newsletter.