American Asset Management Inc. Sells 450 Shares of SPDR Gold Shares (NYSEARCA:GLD)

American Asset Management Inc. trimmed its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 17.1% in the third quarter, according to its most recent filing with the SEC. The firm owned 2,177 shares of the exchange traded fund’s stock after selling 450 shares during the period. SPDR Gold Shares makes up about 0.6% of American Asset Management Inc.’s investment portfolio, making the stock its 12th biggest position. American Asset Management Inc.’s holdings in SPDR Gold Shares were worth $529,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the business. City Holding Co. raised its stake in SPDR Gold Shares by 5.6% during the first quarter. City Holding Co. now owns 3,708 shares of the exchange traded fund’s stock worth $763,000 after acquiring an additional 195 shares in the last quarter. St. Johns Investment Management Company LLC increased its position in shares of SPDR Gold Shares by 5.7% during the 1st quarter. St. Johns Investment Management Company LLC now owns 27,729 shares of the exchange traded fund’s stock worth $5,704,000 after purchasing an additional 1,492 shares in the last quarter. Traynor Capital Management Inc. lifted its holdings in SPDR Gold Shares by 19.9% during the 1st quarter. Traynor Capital Management Inc. now owns 1,720 shares of the exchange traded fund’s stock valued at $354,000 after purchasing an additional 285 shares during the last quarter. Scarborough Advisors LLC lifted its holdings in SPDR Gold Shares by 0.7% during the 4th quarter. Scarborough Advisors LLC now owns 26,197 shares of the exchange traded fund’s stock valued at $5,008,000 after purchasing an additional 180 shares during the last quarter. Finally, Trust Co. of Toledo NA OH boosted its position in SPDR Gold Shares by 17.4% in the first quarter. Trust Co. of Toledo NA OH now owns 4,830 shares of the exchange traded fund’s stock valued at $994,000 after buying an additional 715 shares in the last quarter. 42.19% of the stock is currently owned by institutional investors and hedge funds.

SPDR Gold Shares Stock Performance

Shares of NYSEARCA GLD traded up $0.83 during mid-day trading on Tuesday, hitting $245.90. 5,636,736 shares of the stock were exchanged, compared to its average volume of 6,995,424. SPDR Gold Shares has a twelve month low of $177.54 and a twelve month high of $247.37. The stock’s fifty day simple moving average is $235.65 and its two-hundred day simple moving average is $224.02.

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).