Baird Financial Group Inc. Sells 25,695 Shares of SPDR Gold Shares $GLD

Baird Financial Group Inc. reduced its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 8.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 272,589 shares of the exchange traded fund’s stock after selling 25,695 shares during the quarter. Baird Financial Group Inc. owned about 0.08% of SPDR Gold Shares worth $83,093,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of GLD. Brighton Jones LLC increased its stake in shares of SPDR Gold Shares by 20.4% in the 4th quarter. Brighton Jones LLC now owns 11,246 shares of the exchange traded fund’s stock valued at $2,723,000 after buying an additional 1,903 shares during the period. Bison Wealth LLC boosted its holdings in SPDR Gold Shares by 77.8% in the fourth quarter. Bison Wealth LLC now owns 5,941 shares of the exchange traded fund’s stock valued at $1,438,000 after acquiring an additional 2,600 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in SPDR Gold Shares in the first quarter worth about $227,000. Cary Street Partners Investment Advisory LLC acquired a new stake in SPDR Gold Shares in the first quarter worth about $122,000. Finally, Citizens Financial Group Inc. RI raised its holdings in SPDR Gold Shares by 34.6% during the 1st quarter. Citizens Financial Group Inc. RI now owns 25,348 shares of the exchange traded fund’s stock worth $7,304,000 after purchasing an additional 6,516 shares during the last quarter. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Trading Up 0.1%

SPDR Gold Shares stock opened at $387.13 on Friday. The company has a market cap of $140.10 billion, a PE ratio of -32.43 and a beta of 0.09. SPDR Gold Shares has a 1 year low of $238.73 and a 1 year high of $403.30. The company’s 50-day moving average is $374.19 and its two-hundred day moving average is $334.79.

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).