SPDR Gold Trust (NYSEArca:GLD) Gets $122 Million Jana Partners Investment

In the fourth quarter, Jana Partners said in a required regulatory filing that they invested $122 Million in SPDR Gold Trust (NYSEArca:GLD), equal to 881,844 shares.

After that investment it made SPDR Gold Trust the third-largest holding of the fund.

Another major holder of SPDR Gold Trust is John Paulson, who continues to be bullish on gold over the long term. His fund also has a major stake in NovaGold (AMEX:NG), among other gold miners.

Gold has been weak so far in 2011, but a growing number of investors and analysts expect it to break out sometime in the near future.

SPDR Gold Trust was trading at $133.04, up $0.72, or 0.54 percent, as of 1:51 PM EST.