Princeton Global Asset Management LLC Sells 1,291 Shares of SPDR Gold Shares $GLD

Princeton Global Asset Management LLC lessened its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 4.7% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 26,019 shares of the exchange traded fund’s stock after selling 1,291 shares during the period. SPDR Gold Shares makes up approximately 1.4% of Princeton Global Asset Management LLC’s holdings, making the stock its 16th largest holding. Princeton Global Asset Management LLC’s holdings in SPDR Gold Shares were worth $7,931,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. MJT & Associates Financial Advisory Group Inc. bought a new stake in shares of SPDR Gold Shares in the 1st quarter worth about $30,000. Stone House Investment Management LLC purchased a new stake in SPDR Gold Shares in the 1st quarter worth about $34,000. Columbia River Financial Group LLC bought a new stake in SPDR Gold Shares in the first quarter worth about $34,000. Legacy Wealth Managment LLC ID lifted its stake in SPDR Gold Shares by 51.1% in the first quarter. Legacy Wealth Managment LLC ID now owns 136 shares of the exchange traded fund’s stock worth $39,000 after purchasing an additional 46 shares during the last quarter. Finally, HWG Holdings LP purchased a new position in shares of SPDR Gold Shares during the first quarter valued at approximately $53,000. 42.19% of the stock is owned by hedge funds and other institutional investors.

SPDR Gold Shares Stock Performance

GLD opened at $388.99 on Monday. The stock’s 50 day moving average price is $338.26 and its 200-day moving average price is $316.48. SPDR Gold Shares has a one year low of $236.13 and a one year high of $397.28. The stock has a market cap of $138.95 billion, a price-to-earnings ratio of -32.43 and a beta of 0.15.

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).