Traynor Capital Management Inc. Grows Position in SPDR Gold Shares (NYSEARCA:GLD)

Traynor Capital Management Inc. increased its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 19.9% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,720 shares of the exchange traded fund’s stock after acquiring an additional 285 shares during the quarter. Traynor Capital Management Inc.’s holdings in SPDR Gold Shares were worth $354,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Cary Street Partners Investment Advisory LLC lifted its position in shares of SPDR Gold Shares by 1.3% during the third quarter. Cary Street Partners Investment Advisory LLC now owns 11,375 shares of the exchange traded fund’s stock valued at $1,950,000 after buying an additional 150 shares during the last quarter. Milestone Asset Management LLC raised its position in shares of SPDR Gold Shares by 5.4% in the 3rd quarter. Milestone Asset Management LLC now owns 2,865 shares of the exchange traded fund’s stock valued at $486,000 after purchasing an additional 147 shares during the last quarter. Sand Hill Global Advisors LLC raised its position in shares of SPDR Gold Shares by 2.6% in the 3rd quarter. Sand Hill Global Advisors LLC now owns 2,926 shares of the exchange traded fund’s stock valued at $502,000 after purchasing an additional 75 shares during the last quarter. Resolute Wealth Strategies LLC raised its position in shares of SPDR Gold Shares by 3.1% in the 3rd quarter. Resolute Wealth Strategies LLC now owns 21,533 shares of the exchange traded fund’s stock valued at $3,692,000 after purchasing an additional 639 shares during the last quarter. Finally, Toronto Dominion Bank raised its position in shares of SPDR Gold Shares by 14.5% in the 3rd quarter. Toronto Dominion Bank now owns 4,660,292 shares of the exchange traded fund’s stock valued at $799,007,000 after purchasing an additional 591,368 shares during the last quarter. 42.19% of the stock is owned by hedge funds and other institutional investors.

SPDR Gold Shares Trading Up 0.4 %

Shares of NYSEARCA:GLD opened at $215.63 on Tuesday. SPDR Gold Shares has a twelve month low of $168.30 and a twelve month high of $225.66. The company’s 50 day moving average is $216.70 and its 200 day moving average is $202.11.

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).