Princeton Global Asset Management LLC Has $10.04 Million Position in SPDR Gold Shares $GLD

Princeton Global Asset Management LLC lessened its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 7.3% in the first quarter, according to its most recent filing with the SEC. The firm owned 23,330 shares of the exchange traded fund’s stock after selling 1,839 shares during the period. SPDR Gold Shares accounts for 1.6% of Princeton Global Asset Management LLC’s portfolio, making the stock its 17th largest position. Princeton Global Asset Management LLC’s holdings in SPDR Gold Shares were worth $10,039,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Corient Private Wealth LLC boosted its position in shares of SPDR Gold Shares by 571.3% in the 4th quarter. Corient Private Wealth LLC now owns 3,949,227 shares of the exchange traded fund’s stock worth $1,565,118,000 after purchasing an additional 3,360,966 shares during the last quarter. Morgan Stanley increased its holdings in SPDR Gold Shares by 22.4% in the fourth quarter. Morgan Stanley now owns 13,893,741 shares of the exchange traded fund’s stock valued at $5,506,229,000 after purchasing an additional 2,539,266 shares during the last quarter. Bank of Montreal Can acquired a new position in SPDR Gold Shares in the third quarter valued at about $556,282,000. Virtu Financial LLC acquired a new position in SPDR Gold Shares in the fourth quarter valued at about $474,952,000. Finally, Marino Management LLC acquired a new position in SPDR Gold Shares in the fourth quarter valued at about $438,475,000. Institutional investors own 42.19% of the company’s stock.

More SPDR Gold Shares News

Here are the key news stories impacting SPDR Gold Shares this week:

• Positive Sentiment: Gold gained ground as the U.S. dollar pulled back from recent highs and Treasury yields eased, helping precious metals recover from pressure. Gold (XAUUSD), Silver, Platinum Forecasts – Gold Gains Ground As Dollar Moves Away From Yearly Highs
• Positive Sentiment: Gold found support around the key $4,000 level and bounced as traders bought the dip after recent weakness. Gold Price Analysis – Gold Attempting to Bounce from $4000 Region
• Positive Sentiment: Weaker inflation expectations and slightly better consumer sentiment supported a move higher in spot gold during Friday trading. Spot gold hits session high near 4080/oz after final Consumer Sentiment rises to 49.5, one-year and long-term inflation expectations ease
• Neutral Sentiment: Some analysts still see gold’s longer-term structure as constructive, supported by central bank buying and continued industrial demand in related metals. Gold (XAUUSD) & Silver Price Forecast: Gold Retests $4,010 as Silver Breaks $56.50 Amid Ceasefire — Bearish Turn?
• Negative Sentiment: Multiple market reports warned that gold remains under pressure from a strong dollar, hawkish Fed expectations, and resilient U.S. data, with some analysts calling for deeper downside. Gold (XAU/USD) Price Forecast: Trendline Break Signals Bearish Extension
• Negative Sentiment: Other commentary suggested gold could still fall further, with prices struggling below $4,000 and bearish outlooks pointing to continued downside if support fails. Gold Declines; Prices Could Have Further to Fall

SPDR Gold Shares Stock Performance

Shares of GLD opened at $373.63 on Monday. The stock has a market cap of $135.89 billion, a P/E ratio of -32.43 and a beta of 0.14. SPDR Gold Shares has a 1 year low of $299.89 and a 1 year high of $509.70. The stock’s 50-day moving average price is $411.07 and its two-hundred day moving average price is $427.81.

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). 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.