WASHINGTON TRUST Co Cuts Holdings in SPDR Gold MiniShares Trust (NYSEARCA:GLDM)

WASHINGTON TRUST Co decreased its position in SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 17.7% in the fourth quarter, Holdings Channel reports. The institutional investor owned 10,972 shares of the company’s stock after selling 2,352 shares during the period. WASHINGTON TRUST Co’s holdings in SPDR Gold MiniShares Trust were worth $570,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Exchange Traded Concepts LLC increased its stake in shares of SPDR Gold MiniShares Trust by 7.2% during the third quarter. Exchange Traded Concepts LLC now owns 3,125 shares of the company’s stock worth $163,000 after purchasing an additional 210 shares in the last quarter. Stratos Wealth Partners LTD. increased its stake in shares of SPDR Gold MiniShares Trust by 6.8% during the third quarter. Stratos Wealth Partners LTD. now owns 172,566 shares of the company’s stock worth $8,996,000 after purchasing an additional 10,952 shares in the last quarter. Stratos Investment Management LLC purchased a new stake in shares of SPDR Gold MiniShares Trust during the third quarter worth about $202,000. Etesian Wealth Advisors Inc. purchased a new stake in shares of SPDR Gold MiniShares Trust during the third quarter worth about $610,000. Finally, Warren Street Wealth Advisors LLC purchased a new stake in shares of SPDR Gold MiniShares Trust during the third quarter worth about $12,006,000.

SPDR Gold MiniShares Trust Stock Performance

GLDM opened at $57.17 on Friday. SPDR Gold MiniShares Trust has a twelve month low of $39.57 and a twelve month high of $58.03. The firm’s 50-day moving average price is $53.84 and its 200 day moving average price is $52.30.

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.