Princeton Global Asset Management LLC Grows Stake in SPDR Gold Shares (NYSEARCA:GLD)

Princeton Global Asset Management LLC grew its position in SPDR Gold Shares (NYSEARCA:GLD) by 1.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 25,490 shares of the exchange traded fund’s stock after buying an additional 404 shares during the quarter. SPDR Gold Shares accounts for 1.2% of Princeton Global Asset Management LLC’s holdings, making the stock its 24th largest holding. Princeton Global Asset Management LLC’s holdings in SPDR Gold Shares were worth $6,172,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Chicago Capital LLC lifted its holdings in SPDR Gold Shares by 9.6% during the fourth quarter. Chicago Capital LLC now owns 1,603 shares of the exchange traded fund’s stock worth $388,000 after buying an additional 140 shares during the period. Burford Brothers Inc. lifted its stake in shares of SPDR Gold Shares by 12.8% during the 4th quarter. Burford Brothers Inc. now owns 1,099 shares of the exchange traded fund’s stock worth $266,000 after purchasing an additional 125 shares during the last quarter. Alterna Wealth Management Inc. bought a new stake in SPDR Gold Shares during the fourth quarter valued at about $223,000. McAdam LLC grew its stake in SPDR Gold Shares by 73.8% in the fourth quarter. McAdam LLC now owns 3,313 shares of the exchange traded fund’s stock valued at $802,000 after purchasing an additional 1,407 shares during the last quarter. Finally, U.S. Capital Wealth Advisors LLC raised its holdings in SPDR Gold Shares by 5.0% in the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 30,986 shares of the exchange traded fund’s stock worth $7,503,000 after purchasing an additional 1,486 shares in the last quarter. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

NYSEARCA:GLD opened at $258.56 on Monday. The company’s 50-day simple moving average is $246.38 and its 200-day simple moving average is $240.71. SPDR Gold Shares has a fifty-two week low of $183.78 and a fifty-two week high of $259.99.

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).