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

Princeton Global Asset Management LLC reduced its stake in SPDR Gold Shares (NYSEARCA:GLD) by 4.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,019 shares of the exchange traded fund’s stock after selling 1,291 shares during the period. SPDR Gold Shares accounts for 1.4% of Princeton Global Asset Management LLC’s holdings, making the stock its 16th biggest holding. Princeton Global Asset Management LLC’s holdings in SPDR Gold Shares were worth $7,931,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. Schnieders Capital Management LLC raised its stake in shares of SPDR Gold Shares by 4.8% during the second quarter. Schnieders Capital Management LLC now owns 6,000 shares of the exchange traded fund’s stock valued at $1,829,000 after acquiring an additional 275 shares in the last quarter. WBH Advisory Inc. increased its holdings in SPDR Gold Shares by 6.6% during the 2nd quarter. WBH Advisory Inc. now owns 1,121 shares of the exchange traded fund’s stock worth $342,000 after purchasing an additional 69 shares during the period. Members Advisory Group LLC raised its position in SPDR Gold Shares by 67.2% during the 2nd quarter. Members Advisory Group LLC now owns 27,235 shares of the exchange traded fund’s stock valued at $8,302,000 after purchasing an additional 10,948 shares in the last quarter. Alaska Wealth Advisors purchased a new stake in shares of SPDR Gold Shares in the 2nd quarter worth $259,000. Finally, Beverly Hills Private Wealth LLC grew its position in shares of SPDR Gold Shares by 10.0% during the 2nd quarter. Beverly Hills Private Wealth LLC now owns 1,101 shares of the exchange traded fund’s stock worth $336,000 after buying an additional 100 shares in the last quarter. 42.19% of the stock is owned by hedge funds and other institutional investors.

SPDR Gold Shares Trading Down 1.9%

Shares of SPDR Gold Shares stock opened at $388.99 on Monday. The stock’s fifty day moving average price is $338.26 and its 200-day moving average price is $316.48. The firm has a market cap of $138.95 billion, a P/E ratio of -32.43 and a beta of 0.15. SPDR Gold Shares has a 12 month low of $236.13 and a 12 month high of $397.28.

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).