SPDR Gold Shares (NYSEARCA:GLD) Stock Position Increased by Bailard Inc.

Bailard Inc. lifted its stake in SPDR Gold Shares (NYSEARCA:GLD) by 5,040.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 349,291 shares of the exchange traded fund’s stock after buying an additional 342,496 shares during the quarter. SPDR Gold Shares makes up 2.0% of Bailard Inc.’s holdings, making the stock its 7th largest position. Bailard Inc. owned about 0.12% of SPDR Gold Shares worth $66,774,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently modified their holdings of the stock. Toronto Dominion Bank boosted its stake in shares of SPDR Gold Shares by 14.5% in the third quarter. Toronto Dominion Bank now owns 4,660,292 shares of the exchange traded fund’s stock worth $799,007,000 after buying an additional 591,368 shares during the last quarter. First Eagle Investment Management LLC boosted its stake in shares of SPDR Gold Shares by 4.2% in the third quarter. First Eagle Investment Management LLC now owns 3,451,135 shares of the exchange traded fund’s stock worth $599,794,000 after buying an additional 137,604 shares during the last quarter. International Assets Investment Management LLC boosted its stake in shares of SPDR Gold Shares by 19,989.3% in the fourth quarter. International Assets Investment Management LLC now owns 2,437,035 shares of the exchange traded fund’s stock worth $465,888,000 after buying an additional 2,424,904 shares during the last quarter. Mackenzie Financial Corp boosted its position in SPDR Gold Shares by 0.6% during the third quarter. Mackenzie Financial Corp now owns 1,637,245 shares of the exchange traded fund’s stock worth $276,956,000 after purchasing an additional 9,005 shares in the last quarter. Finally, Euclidean Capital LLC boosted its position in SPDR Gold Shares by 91.4% during the third quarter. Euclidean Capital LLC now owns 1,062,500 shares of the exchange traded fund’s stock worth $182,166,000 after purchasing an additional 507,500 shares in the last quarter. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

GLD stock traded down $0.39 during mid-day trading on Wednesday, reaching $214.65. 5,735,987 shares of the company’s stock were exchanged, compared to its average volume of 7,969,864. The stock’s 50 day moving average is $203.35 and its 200 day moving average is $191.95. SPDR Gold Shares has a 12-month low of $168.30 and a 12-month high of $225.09.

SPDR Gold Shares Company 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).