SPDR Gold Shares (GLD) Shares Sold by American Asset Management Inc.

American Asset Management Inc. trimmed its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 40.8% in the first quarter, Holdings Channel reports. The institutional investor owned 196,784 shares of the exchange traded fund’s stock after selling 135,709 shares during the quarter. SPDR Gold Shares comprises about 18.1% of American Asset Management Inc.’s holdings, making the stock its 3rd biggest holding. American Asset Management Inc.’s holdings in SPDR Gold Shares were worth $24,010,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in GLD. The Manufacturers Life Insurance Company increased its position in SPDR Gold Shares by 15.3% in 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 acquired a new stake in SPDR Gold Shares in the fourth quarter worth about $1,305,000. David R. Rahn & Associates Inc. increased its position in 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 worth $4,768,000 after purchasing an additional 5,984 shares during the period. Wedbush Securities Inc. increased its position in 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 worth $2,037,000 after purchasing an additional 1,145 shares during the period. Finally, Bank of New York Mellon Corp increased its position in 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 worth $59,159,000 after purchasing an additional 9,890 shares during the period.

GLD stock traded down $0.20 during midday trading on Monday, reaching $121.63. The stock had a trading volume of 248,750 shares, compared to its average volume of 8,099,695. SPDR Gold Shares has a twelve month low of $111.06 and a twelve month high of $128.54.

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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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Want to see what other hedge funds are holding GLD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SPDR Gold Shares (NYSEARCA:GLD).

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

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