Traynor Capital Management Inc. lessened its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD – Free Report) by 16.8% in the 4th quarter, HoldingsChannel reports. The firm owned 1,269 shares of the exchange traded fund’s stock after selling 256 shares during the quarter. Traynor Capital Management Inc.’s holdings in SPDR Gold Shares were worth $307,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in GLD. Ashton Thomas Securities LLC acquired a new position in shares of SPDR Gold Shares in the 3rd quarter valued at about $28,000. Capital Performance Advisors LLP purchased a new position in SPDR Gold Shares during the third quarter valued at approximately $35,000. Pittenger & Anderson Inc. acquired a new position in SPDR Gold Shares in the third quarter valued at approximately $38,000. Sugarloaf Wealth Management LLC boosted its position in SPDR Gold Shares by 78.9% in the 3rd quarter. Sugarloaf Wealth Management LLC now owns 161 shares of the exchange traded fund’s stock worth $39,000 after purchasing an additional 71 shares in the last quarter. Finally, Maryland Capital Advisors Inc. acquired a new stake in shares of SPDR Gold Shares during the 3rd quarter worth approximately $40,000. 42.19% of the stock is currently owned by institutional investors and hedge funds.
SPDR Gold Shares Trading Down 0.1 %
GLD opened at $254.07 on Friday. The firm has a fifty day moving average price of $244.59 and a 200 day moving average price of $239.07. SPDR Gold Shares has a 1 year low of $183.78 and a 1 year high of $257.71.
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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