Princeton Capital Management LLC Buys New Position in SPDR Gold Shares $GLD

Princeton Capital Management LLC purchased a new stake in shares of SPDR Gold Shares (NYSEARCA:GLD) in the second quarter, according to the company in its most recent filing with the SEC. The fund purchased 723 shares of the exchange traded fund’s stock, valued at approximately $220,000.

Other large investors have also recently modified their holdings of the company. Raymond James Financial Inc. grew its position in SPDR Gold Shares by 11.0% in the first quarter. Raymond James Financial Inc. now owns 2,063,634 shares of the exchange traded fund’s stock worth $594,616,000 after acquiring an additional 204,676 shares in the last quarter. Ameriprise Financial Inc. increased its stake in shares of SPDR Gold Shares by 12.2% in the 1st quarter. Ameriprise Financial Inc. now owns 1,556,698 shares of the exchange traded fund’s stock worth $450,902,000 after acquiring an additional 169,005 shares in the last quarter. 59 North Capital Management LP boosted its holdings in SPDR Gold Shares by 76.4% in the first quarter. 59 North Capital Management LP now owns 1,263,196 shares of the exchange traded fund’s stock worth $363,977,000 after acquiring an additional 547,018 shares in the last quarter. Commonwealth Equity Services LLC raised its holdings in SPDR Gold Shares by 16.5% in the 1st quarter. Commonwealth Equity Services LLC now owns 1,141,703 shares of the exchange traded fund’s stock worth $328,970,000 after acquiring an additional 161,638 shares during the last quarter. Finally, Cetera Investment Advisers grew its stake in shares of SPDR Gold Shares by 15.0% in the first quarter. Cetera Investment Advisers now owns 821,760 shares of the exchange traded fund’s stock worth $236,782,000 after acquiring an additional 107,469 shares during the period. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Trading Down 0.1%

Shares of NYSEARCA GLD opened at $366.07 on Friday. The firm has a market capitalization of $132.48 billion, a price-to-earnings ratio of -32.43 and a beta of 0.09. The firm has a 50 day moving average of $355.89 and a 200 day moving average of $324.23. SPDR Gold Shares has a 12-month low of $236.13 and a 12-month high of $403.30.

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).