Baird Financial Group Inc. Has $85.95 Million Holdings in SPDR Gold Shares $GLD

Baird Financial Group Inc. decreased its stake in SPDR Gold Shares (NYSEARCA:GLD) by 0.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 298,284 shares of the exchange traded fund’s stock after selling 308 shares during the period. Baird Financial Group Inc. owned approximately 0.10% of SPDR Gold Shares worth $85,948,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of GLD. Leigh Baldwin & CO. LLC bought a new stake in SPDR Gold Shares in the 4th quarter valued at $401,829,000. DAVENPORT & Co LLC increased its holdings in shares of SPDR Gold Shares by 105.3% during the 1st quarter. DAVENPORT & Co LLC now owns 45,496 shares of the exchange traded fund’s stock worth $13,109,000 after purchasing an additional 896,836 shares during the period. OVERSEA CHINESE BANKING Corp Ltd raised its position in shares of SPDR Gold Shares by 604.5% during the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 548,947 shares of the exchange traded fund’s stock valued at $158,174,000 after buying an additional 471,032 shares during the last quarter. 59 North Capital Management LP lifted its stake in shares of SPDR Gold Shares by 116.1% in the fourth quarter. 59 North Capital Management LP now owns 716,178 shares of the exchange traded fund’s stock valued at $173,408,000 after buying an additional 384,840 shares during the period. Finally, Raymond James Financial Inc. lifted its stake in shares of SPDR Gold Shares by 11.0% in the first quarter. Raymond James Financial Inc. now owns 2,063,634 shares of the exchange traded fund’s stock valued at $594,616,000 after buying an additional 204,676 shares during the period. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Up 1.0%

Shares of GLD opened at $318.07 on Friday. SPDR Gold Shares has a 12-month low of $228.52 and a 12-month high of $318.09. The firm has a market capitalization of $106.04 billion, a price-to-earnings ratio of -32.43 and a beta of 0.15. The stock’s 50-day moving average price is $308.58 and its 200 day moving average price is $297.43.

SPDR Gold Shares Profile

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).