Focus Financial Network Inc. Invests $910,000 in SPDR Gold MiniShares Trust (NYSEARCA:GLDM)

Focus Financial Network Inc. purchased a new position in shares of SPDR Gold MiniShares Trust (NYSEARCA:GLDM) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 17,502 shares of the company’s stock, valued at approximately $910,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. First Community Trust NA acquired a new stake in shares of SPDR Gold MiniShares Trust in the 4th quarter valued at approximately $43,000. Barrett & Company Inc. purchased a new position in SPDR Gold MiniShares Trust in the third quarter worth $53,000. First Horizon Advisors Inc. acquired a new stake in SPDR Gold MiniShares Trust in the third quarter valued at $65,000. Glass Jacobson Investment Advisors llc purchased a new stake in shares of SPDR Gold MiniShares Trust during the 3rd quarter worth $74,000. Finally, Sanctuary Wealth Management L.L.C. acquired a new position in shares of SPDR Gold MiniShares Trust during the 3rd quarter worth $76,000.

SPDR Gold MiniShares Trust Trading Up 0.1 %

Shares of NYSEARCA GLDM opened at $57.48 on Thursday. SPDR Gold MiniShares Trust has a 52 week low of $39.35 and a 52 week high of $57.69. The firm has a 50-day moving average price of $53.62 and a 200 day moving average price of $52.15.

SPDR Gold MiniShares Trust Company 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.