Truist Financial Corp Increases Position in SPDR Gold MiniShares Trust (NYSEARCA:GLDM)

Truist Financial Corp lifted its position in SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 0.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 126,562 shares of the company’s stock after purchasing an additional 1,067 shares during the period. Truist Financial Corp owned about 0.08% of SPDR Gold MiniShares Trust worth $6,580,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. First Community Trust NA purchased a new position in SPDR Gold MiniShares Trust in the 4th quarter worth approximately $43,000. Barrett & Company Inc. purchased a new position in SPDR Gold MiniShares Trust in the 3rd quarter worth approximately $53,000. First Horizon Advisors Inc. purchased a new position in SPDR Gold MiniShares Trust in the 3rd quarter worth approximately $65,000. Glass Jacobson Investment Advisors llc purchased a new position in SPDR Gold MiniShares Trust in the 3rd quarter worth approximately $74,000. Finally, Sanctuary Wealth Management L.L.C. purchased a new position in SPDR Gold MiniShares Trust in the 3rd quarter worth approximately $76,000.

SPDR Gold MiniShares Trust Price Performance

NYSEARCA GLDM opened at $58.14 on Friday. The stock’s 50 day moving average is $54.33 and its 200 day moving average is $52.64. SPDR Gold MiniShares Trust has a 12 month low of $40.06 and a 12 month high of $58.37.

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.