Barrett & Company Inc. Acquires New Stake in SPDR Gold MiniShares Trust (NYSEARCA:GLDM)

Barrett & Company Inc. bought a new position in SPDR Gold MiniShares Trust (NYSEARCA:GLDM) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 1,020 shares of the company’s stock, valued at approximately $53,000.

Several other hedge funds have also recently made changes to their positions in GLDM. Hantz Financial Services Inc. purchased a new position in shares of SPDR Gold MiniShares Trust in the second quarter valued at $28,000. Family Firm Inc. bought a new stake in shares of SPDR Gold MiniShares Trust during the second quarter valued at about $32,000. Rothschild Investment LLC purchased a new stake in shares of SPDR Gold MiniShares Trust in the second quarter worth about $38,000. Palisade Asset Management LLC purchased a new stake in shares of SPDR Gold MiniShares Trust in the first quarter worth about $50,000. Finally, RFP Financial Group LLC bought a new position in shares of SPDR Gold MiniShares Trust in the second quarter valued at approximately $73,000.

SPDR Gold MiniShares Trust Stock Performance

SPDR Gold MiniShares Trust stock traded down $0.02 during midday trading on Monday, reaching $54.33. 798,169 shares of the stock were exchanged, compared to its average volume of 3,615,002. SPDR Gold MiniShares Trust has a 52 week low of $38.32 and a 52 week high of $54.47. The company’s fifty day moving average is $51.50 and its 200-day moving average is $48.54.

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.