SPDR Gold Shares (NYSEARCA:GLD) Shares Acquired by Baird Financial Group Inc.

Baird Financial Group Inc. grew its position in SPDR Gold Shares (NYSEARCA:GLDGet Rating) by 11.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 441,834 shares of the exchange traded fund’s stock after purchasing an additional 46,324 shares during the period. Baird Financial Group Inc. owned approximately 0.12% of SPDR Gold Shares worth $79,818,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. JPMorgan Chase & Co. lifted its position in SPDR Gold Shares by 106.8% during the 1st quarter. JPMorgan Chase & Co. now owns 781,928 shares of the exchange traded fund’s stock worth $141,256,000 after acquiring an additional 12,291,440 shares in the last quarter. Bank of Nova Scotia purchased a new stake in SPDR Gold Shares during the 1st quarter worth approximately $395,027,000. TD Asset Management Inc. purchased a new stake in SPDR Gold Shares during the 1st quarter worth approximately $251,397,000. Aaron Wealth Advisors LLC purchased a new stake in SPDR Gold Shares during the 1st quarter worth approximately $5,748,000. Finally, Bailard Inc. increased its holdings in SPDR Gold Shares by 7,332.9% during the 1st quarter. Bailard Inc. now owns 443,816 shares of the exchange traded fund’s stock worth $80,175,000 after purchasing an additional 437,845 shares during the last quarter. 40.89% of the stock is owned by institutional investors and hedge funds.

SPDR Gold Shares Stock Performance

GLD stock opened at $158.98 on Friday. SPDR Gold Shares has a 52-week low of $157.32 and a 52-week high of $193.30. The stock’s 50 day moving average is $162.58 and its two-hundred day moving average is $171.81.

About SPDR Gold Shares

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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).

Further Reading

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

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