Sovran Advisors LLC Makes New Investment in SPDR Gold MiniShares Trust (NYSEARCA:GLDM)

Sovran Advisors LLC acquired a new stake in shares of SPDR Gold MiniShares Trust (NYSEARCA:GLDM) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 34,222 shares of the company’s stock, valued at approximately $1,815,000.

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

SPDR Gold MiniShares Trust Price Performance

NYSEARCA:GLDM opened at $57.61 on Tuesday. SPDR Gold MiniShares Trust has a 12-month low of $39.35 and a 12-month high of $57.69. The firm has a 50-day moving average price of $53.42 and a 200 day moving average price of $52.05.

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.