Gradient Investments LLC increased its holdings in SPDR Gold MiniShares Trust (NYSEARCA:GLDM – Free Report) by 2.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 918,918 shares of the company’s stock after acquiring an additional 18,335 shares during the quarter. SPDR Gold MiniShares Trust makes up 1.0% of Gradient Investments LLC’s portfolio, making the stock its 26th biggest position. Gradient Investments LLC owned 0.59% of SPDR Gold MiniShares Trust worth $47,775,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently bought and sold shares of GLDM. First Community Trust NA acquired a new stake in shares of SPDR Gold MiniShares Trust in the 4th quarter valued at about $43,000. Barrett & Company Inc. acquired a new stake in SPDR Gold MiniShares Trust during the third quarter valued at approximately $53,000. First Horizon Advisors Inc. bought a new position in SPDR Gold MiniShares Trust during the 3rd quarter worth approximately $65,000. Glass Jacobson Investment Advisors llc acquired a new position in shares of SPDR Gold MiniShares Trust in the 3rd quarter worth approximately $74,000. Finally, Sanctuary Wealth Management L.L.C. bought a new stake in shares of SPDR Gold MiniShares Trust in the 3rd quarter valued at approximately $76,000.
SPDR Gold MiniShares Trust Price Performance
GLDM stock opened at $54.91 on Friday. The stock’s 50 day simple moving average is $52.66 and its 200 day simple moving average is $51.37. SPDR Gold MiniShares Trust has a 12-month low of $39.35 and a 12-month high of $55.29.
About SPDR Gold MiniShares Trust
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.
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