Brown Financial Advisors reduced its stake in SPDR Gold MiniShares Trust (NYSEARCA:GLDM – Free Report) by 4.2% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 30,014 shares of the company’s stock after selling 1,332 shares during the quarter. Brown Financial Advisors’ holdings in SPDR Gold MiniShares Trust were worth $1,560,000 at the end of the most recent reporting period.
Other large investors have also recently added to or reduced their stakes in the company. Genesis Wealth Advisors LLC bought a new position in shares of SPDR Gold MiniShares Trust in the fourth quarter valued at approximately $3,796,000. Cabot Wealth Management Inc. grew its stake in SPDR Gold MiniShares Trust by 6.0% in the 4th quarter. Cabot Wealth Management Inc. now owns 66,263 shares of the company’s stock valued at $3,445,000 after buying an additional 3,776 shares during the last quarter. MONECO Advisors LLC raised its holdings in SPDR Gold MiniShares Trust by 702.7% in the 4th quarter. MONECO Advisors LLC now owns 43,788 shares of the company’s stock worth $2,277,000 after acquiring an additional 38,333 shares during the period. Theory Financial LLC acquired a new position in SPDR Gold MiniShares Trust during the 4th quarter worth $491,000. Finally, LWM Advisory Services LLC lifted its position in SPDR Gold MiniShares Trust by 542.2% during the 4th quarter. LWM Advisory Services LLC now owns 137,106 shares of the company’s stock worth $7,128,000 after acquiring an additional 115,755 shares during the last quarter.
SPDR Gold MiniShares Trust Stock Up 0.6 %
Shares of NYSEARCA:GLDM opened at $58.46 on Tuesday. The stock’s 50-day moving average is $54.44 and its 200-day moving average is $52.75. SPDR Gold MiniShares Trust has a 52-week low of $40.16 and a 52-week high of $58.47.
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.
See Also
- Five stocks we like better than SPDR Gold MiniShares Trust
- How to Invest in Blue Chip Stocks
- Finding Hidden Gems: Unconventional Penny Stock Investing
- How to Short a Stock in 5 Easy Steps
- Price Targets on NVIDIA Rise in Front of Earnings
- How to Calculate Return on Investment (ROI)
- Archer Aviation Stock Skids: Mistaking Progress for Bad News?
Want to see what other hedge funds are holding GLDM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SPDR Gold MiniShares Trust (NYSEARCA:GLDM – Free Report).
Receive News & Ratings for SPDR Gold MiniShares Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SPDR Gold MiniShares Trust and related companies with MarketBeat.com's FREE daily email newsletter.
