SPDR Gold Shares $GLD Shares Acquired by Traynor Capital Management Inc.

Traynor Capital Management Inc. boosted its position in SPDR Gold Shares (NYSEARCA:GLD) by 17.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,321 shares of the exchange traded fund’s stock after buying an additional 2,300 shares during the quarter. Traynor Capital Management Inc.’s holdings in SPDR Gold Shares were worth $5,835,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in GLD. Parvin Asset Management LLC purchased a new stake in shares of SPDR Gold Shares during the first quarter worth about $31,000. Livelsberger Financial Advisory acquired a new stake in SPDR Gold Shares during the 3rd quarter valued at approximately $30,000. NBH Bank purchased a new stake in SPDR Gold Shares during the 2nd quarter worth approximately $41,000. IMG Wealth Management Inc. increased its holdings in SPDR Gold Shares by 440.9% during the 3rd quarter. IMG Wealth Management Inc. now owns 119 shares of the exchange traded fund’s stock worth $45,000 after purchasing an additional 97 shares during the last quarter. Finally, RHL Group LLC raised its position in shares of SPDR Gold Shares by 48.9% in the 2nd quarter. RHL Group LLC now owns 131 shares of the exchange traded fund’s stock valued at $48,000 after purchasing an additional 43 shares in the last quarter. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

SPDR Gold Shares stock opened at $355.78 on Monday. The stock has a market cap of $130.18 billion, a P/E ratio of -32.43 and a beta of 0.18. The stock has a 50 day moving average of $390.57 and a 200-day moving average of $412.97. SPDR Gold Shares has a 52 week low of $354.67 and a 52 week high of $509.70.

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). The Trust issues Shares in Baskets to certain authorized participants (Authorized Participants) on an ongoing basis. The creation and redemption of Baskets is only made in exchange for the delivery to the Trust or the distribution by the Trust of the amount of gold and any cash represented by the Baskets being created or redeemed, the amount of which will be based on the combined net asset value of various Shares included in the Baskets being created or redeemed determined on the day the order to create or redeem Baskets is properly received.