Sumitomo Mitsui Trust Group Inc. Sells 800,000 Shares of SPDR Gold MiniShares Trust (NYSEARCA:GLDM)

Sumitomo Mitsui Trust Group Inc. decreased its holdings in SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 5.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 13,000,000 shares of the company’s stock after selling 800,000 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned approximately 8.37% of SPDR Gold MiniShares Trust worth $675,870,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. First Community Trust NA bought a new stake in shares of SPDR Gold MiniShares Trust in the 4th quarter valued at $43,000. Barrett & Company Inc. acquired a new position in SPDR Gold MiniShares Trust in the third quarter valued at $53,000. First Horizon Advisors Inc. bought a new stake in SPDR Gold MiniShares Trust during the third quarter valued at $65,000. Glass Jacobson Investment Advisors llc acquired a new stake in SPDR Gold MiniShares Trust during the 3rd quarter worth about $74,000. Finally, Sanctuary Wealth Management L.L.C. bought a new position in shares of SPDR Gold MiniShares Trust in the 3rd quarter worth about $76,000.

SPDR Gold MiniShares Trust Stock Performance

Shares of SPDR Gold MiniShares Trust stock opened at $56.57 on Friday. The stock’s 50-day moving average is $53.23 and its 200 day moving average is $51.85. SPDR Gold MiniShares Trust has a one year low of $39.35 and a one year high of $57.12.

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.