Teacher Retirement System of Texas lowered its stake in shares of SPDR Gold Trust (NYSEARCA:GLD) by 4.2% during the second quarter, Holdings Channel reports. The firm 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 hedge funds and other institutional investors also recently added to or reduced their stakes in GLD. Billeaud Capital Management Inc. increased its position in SPDR Gold Trust by 6.2% in the second quarter. Billeaud Capital Management Inc. now owns 189,125 shares of the exchange traded fund’s stock valued at $22,320,000 after buying an additional 11,002 shares during the period. CTC LLC increased its position in SPDR Gold Trust by 206.9% in the second quarter. CTC LLC now owns 178,671 shares of the exchange traded fund’s stock valued at $21,140,000 after buying an additional 120,448 shares during the period. National Planning Corp increased its position in SPDR Gold Trust by 0.9% in the second quarter. National Planning Corp now owns 63,687 shares of the exchange traded fund’s stock valued at $7,393,000 after buying an additional 592 shares during the period. Smart Portfolios LLC increased its position in SPDR Gold Trust by 0.9% in the second quarter. Smart Portfolios LLC now owns 54,278 shares of the exchange traded fund’s stock valued at $6,406,000 after buying an additional 487 shares during the period. Finally, IFP Advisors Inc increased its position in SPDR Gold Trust by 1.8% in the second quarter. IFP Advisors Inc now owns 43,018 shares of the exchange traded fund’s stock valued at $5,077,000 after buying an additional 747 shares during the period.

SPDR Gold Trust (NYSEARCA:GLD) opened at 122.79 on Friday. SPDR Gold Trust has a 12-month low of $107.00 and a 12-month high of $129.17. The firm’s 50 day moving average is $118.66 and its 200 day moving average is $118.57. SPDR Gold Trust also was the recipient of unusually large options trading activity on Wednesday. Traders acquired 73,509 call options on the company. This represents an increase of 130% compared to the average volume of 31,916 call options.

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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).

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

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