Baird Financial Group Inc. Reduces Position in SPDR Gold Shares (GLD)

Baird Financial Group Inc. lowered its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 16.4% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 84,102 shares of the exchange traded fund’s stock after selling 16,478 shares during the period. Baird Financial Group Inc.’s holdings in SPDR Gold Shares were worth $9,468,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Fortis Advisors LLC grew its holdings in shares of SPDR Gold Shares by 9,910.0% in the second quarter. Fortis Advisors LLC now owns 1,001 shares of the exchange traded fund’s stock valued at $119,000 after purchasing an additional 991 shares in the last quarter. Landaas & Co. WI ADV acquired a new position in shares of SPDR Gold Shares in the second quarter valued at approximately $122,000. Asset Dedication LLC purchased a new position in SPDR Gold Shares in the second quarter worth approximately $122,000. Pacific Center for Financial Services lifted its stake in SPDR Gold Shares by 75.8% in the second quarter. Pacific Center for Financial Services now owns 1,088 shares of the exchange traded fund’s stock worth $129,000 after acquiring an additional 469 shares during the last quarter. Finally, Zions Bancorporation lifted its stake in SPDR Gold Shares by 89.2% in the second quarter. Zions Bancorporation now owns 1,158 shares of the exchange traded fund’s stock worth $137,000 after acquiring an additional 546 shares during the last quarter.

Shares of SPDR Gold Shares stock opened at $115.54 on Monday. SPDR Gold Shares has a 52-week low of $111.06 and a 52-week high of $129.51.

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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).

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

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