SPDR Gold Shares (GLD) Stake Decreased by Augustine Asset Management Inc.

Augustine Asset Management Inc. trimmed its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 6.2% in the 1st quarter, HoldingsChannel reports. The firm owned 46,160 shares of the exchange traded fund’s stock after selling 3,042 shares during the period. SPDR Gold Shares comprises approximately 3.7% of Augustine Asset Management Inc.’s portfolio, making the stock its 4th biggest holding. Augustine Asset Management Inc.’s holdings in SPDR Gold Shares were worth $5,632,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently bought and sold shares of the company. The Manufacturers Life Insurance Company lifted its holdings in shares of SPDR Gold Shares by 15.3% during the third quarter. The Manufacturers Life Insurance Company now owns 128,644 shares of the exchange traded fund’s stock worth $14,505,000 after purchasing an additional 17,066 shares during the period. Western Wealth Management LLC purchased a new position in shares of SPDR Gold Shares in the fourth quarter valued at $1,305,000. David R. Rahn & Associates Inc. increased its position in shares of SPDR Gold Shares by 18.0% in the fourth quarter. David R. Rahn & Associates Inc. now owns 39,321 shares of the exchange traded fund’s stock valued at $4,768,000 after buying an additional 5,984 shares in the last quarter. Wedbush Securities Inc. increased its position in shares of SPDR Gold Shares by 7.3% in the fourth quarter. Wedbush Securities Inc. now owns 16,798 shares of the exchange traded fund’s stock valued at $2,037,000 after buying an additional 1,145 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of SPDR Gold Shares by 1.9% in the third quarter. Bank of New York Mellon Corp now owns 524,637 shares of the exchange traded fund’s stock valued at $59,159,000 after buying an additional 9,890 shares in the last quarter.

Shares of GLD stock traded down $1.58 during mid-day trading on Thursday, reaching $121.95. The stock had a trading volume of 11,631,116 shares, compared to its average volume of 8,140,029. SPDR Gold Shares has a 12-month low of $111.06 and a 12-month high of $128.54.

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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).

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

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