SPDR Gold Shares (NYSEARCA:GLD) is Bailard Inc.’s 7th Largest Position

Bailard Inc. raised its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 5,040.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 349,291 shares of the exchange traded fund’s stock after acquiring an additional 342,496 shares during the period. SPDR Gold Shares makes up 2.0% of Bailard Inc.’s investment portfolio, making the stock its 7th biggest holding. Bailard Inc.’s holdings in SPDR Gold Shares were worth $66,774,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Wolverine Asset Management LLC raised its stake in shares of SPDR Gold Shares by 2.3% during the 4th quarter. Wolverine Asset Management LLC now owns 3,580 shares of the exchange traded fund’s stock worth $684,000 after buying an additional 80 shares in the last quarter. GAMMA Investing LLC purchased a new position in shares of SPDR Gold Shares during the 4th quarter worth approximately $33,000. Eudaimonia Advisors LLC raised its stake in shares of SPDR Gold Shares by 3.5% during the 4th quarter. Eudaimonia Advisors LLC now owns 1,867 shares of the exchange traded fund’s stock worth $357,000 after buying an additional 64 shares in the last quarter. Linden Thomas Advisory Services LLC raised its stake in shares of SPDR Gold Shares by 18.8% during the 4th quarter. Linden Thomas Advisory Services LLC now owns 5,063 shares of the exchange traded fund’s stock worth $968,000 after buying an additional 801 shares in the last quarter. Finally, Parkside Financial Bank & Trust raised its stake in shares of SPDR Gold Shares by 333.3% during the 4th quarter. Parkside Financial Bank & Trust now owns 247 shares of the exchange traded fund’s stock worth $47,000 after buying an additional 190 shares in the last quarter. 42.19% of the stock is owned by hedge funds and other institutional investors.

SPDR Gold Shares Stock Performance

Shares of GLD stock traded down $0.39 during trading hours 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 company’s 50 day moving average is $203.35 and its two-hundred day moving average is $191.95. SPDR Gold Shares has a 1 year low of $168.30 and a 1 year 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).