Princeton Global Asset Management LLC Purchases 729 Shares of SPDR Gold Shares (NYSEARCA:GLD)

Princeton Global Asset Management LLC raised its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 2.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 31,009 shares of the exchange traded fund’s stock after acquiring an additional 729 shares during the period. SPDR Gold Shares makes up 1.9% of Princeton Global Asset Management LLC’s holdings, making the stock its 9th biggest holding. Princeton Global Asset Management LLC’s holdings in SPDR Gold Shares were worth $5,531,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently modified their holdings of the company. FMR LLC lifted its position in shares of SPDR Gold Shares by 1,211.6% during the 1st quarter. FMR LLC now owns 105,272 shares of the exchange traded fund’s stock worth $12,844,000 after buying an additional 97,246 shares during the last quarter. Welch & Forbes LLC raised its position in SPDR Gold Shares by 18.8% in the 3rd quarter. Welch & Forbes LLC now owns 1,960 shares of the exchange traded fund’s stock valued at $348,000 after purchasing an additional 310 shares during the last quarter. Pinnacle Associates Ltd. raised its position in SPDR Gold Shares by 53.1% in the 3rd quarter. Pinnacle Associates Ltd. now owns 13,282 shares of the exchange traded fund’s stock valued at $2,353,000 after purchasing an additional 4,606 shares during the last quarter. Savior LLC raised its position in SPDR Gold Shares by 400.0% in the 3rd quarter. Savior LLC now owns 195 shares of the exchange traded fund’s stock valued at $35,000 after purchasing an additional 156 shares during the last quarter. Finally, Salomon & Ludwin LLC acquired a new position in SPDR Gold Shares in the 3rd quarter valued at $204,000. Institutional investors own 43.90% of the company’s stock.

Shares of GLD stock traded up $0.06 during trading hours on Tuesday, hitting $169.57. 373,060 shares of the company were exchanged, compared to its average volume of 9,834,280. SPDR Gold Shares has a 1 year low of $136.12 and a 1 year high of $194.45. The firm has a fifty day moving average of $172.39 and a 200 day moving average of $174.72.

About SPDR Gold Shares

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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Institutional Ownership by Quarter for SPDR Gold Shares (NYSEARCA:GLD)

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