Franklin Resources Inc. Cuts Stock Holdings in SPDR Gold MiniShares Trust (NYSEARCA:GLDM)

Franklin Resources Inc. cut its position in shares of SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 23.8% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 48,866 shares of the company’s stock after selling 15,256 shares during the quarter. Franklin Resources Inc.’s holdings in SPDR Gold MiniShares Trust were worth $2,541,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. CIBC Private Wealth Group LLC raised its position in shares of SPDR Gold MiniShares Trust by 0.9% in the fourth quarter. CIBC Private Wealth Group LLC now owns 21,412 shares of the company’s stock worth $1,130,000 after acquiring an additional 185 shares during the period. Allworth Financial LP raised its holdings in SPDR Gold MiniShares Trust by 8.9% in the 4th quarter. Allworth Financial LP now owns 2,636 shares of the company’s stock worth $144,000 after purchasing an additional 216 shares during the period. Redhawk Wealth Advisors Inc. boosted its position in SPDR Gold MiniShares Trust by 5.4% during the fourth quarter. Redhawk Wealth Advisors Inc. now owns 4,550 shares of the company’s stock worth $237,000 after purchasing an additional 232 shares in the last quarter. Envestnet Portfolio Solutions Inc. grew its holdings in SPDR Gold MiniShares Trust by 2.9% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 9,094 shares of the company’s stock valued at $473,000 after purchasing an additional 257 shares during the period. Finally, Retirement Income Solutions Inc increased its position in shares of SPDR Gold MiniShares Trust by 0.3% in the fourth quarter. Retirement Income Solutions Inc now owns 133,659 shares of the company’s stock valued at $6,949,000 after buying an additional 349 shares in the last quarter.

SPDR Gold MiniShares Trust Trading Up 1.9 %

Shares of NYSEARCA:GLDM opened at $64.01 on Friday. The business’s 50 day moving average price is $58.98 and its 200-day moving average price is $55.08. SPDR Gold MiniShares Trust has a 1 year low of $45.13 and a 1 year high of $64.28.

SPDR Gold MiniShares Trust Profile

The SPDR Gold MiniShares Trust (GLDM) is an exchange-traded fund that is based on the LBMA Gold Price index. The fund tracks the gold spot price, less expenses and liabilities, using gold bars held in London vaults. GLDM was launched on Jun 25, 2018 and is issued by State Street.