SPDR Gold MiniShares Trust (NYSEARCA:GLDM) Shares Acquired by Austin Wealth Management LLC

Austin Wealth Management LLC boosted its stake in SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 3.6% in the third quarter, Holdings Channel reports. The firm owned 248,688 shares of the company’s stock after purchasing an additional 8,664 shares during the quarter. SPDR Gold MiniShares Trust accounts for about 2.9% of Austin Wealth Management LLC’s investment portfolio, making the stock its 8th largest position. Austin Wealth Management LLC’s holdings in SPDR Gold MiniShares Trust were worth $13,093,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently bought and sold shares of the business. Lodestar Private Asset Management LLC raised its stake in SPDR Gold MiniShares Trust by 6.6% during the third quarter. Lodestar Private Asset Management LLC now owns 73,636 shares of the company’s stock worth $3,839,000 after acquiring an additional 4,573 shares in the last quarter. Valmark Advisers Inc. increased its stake in shares of SPDR Gold MiniShares Trust by 16.1% in the third quarter. Valmark Advisers Inc. now owns 17,413 shares of the company’s stock valued at $908,000 after buying an additional 2,412 shares during the period. MONECO Advisors LLC increased its stake in shares of SPDR Gold MiniShares Trust by 4.0% in the third quarter. MONECO Advisors LLC now owns 5,455 shares of the company’s stock valued at $284,000 after buying an additional 208 shares during the period. Integrated Advisors Network LLC boosted its holdings in SPDR Gold MiniShares Trust by 9.9% in the third quarter. Integrated Advisors Network LLC now owns 64,170 shares of the company’s stock valued at $3,345,000 after acquiring an additional 5,786 shares during the last quarter. Finally, China Universal Asset Management Co. Ltd. boosted its holdings in SPDR Gold MiniShares Trust by 31.4% in the third quarter. China Universal Asset Management Co. Ltd. now owns 94,200 shares of the company’s stock valued at $4,911,000 after acquiring an additional 22,500 shares during the last quarter.

SPDR Gold MiniShares Trust Stock Performance

GLDM stock traded down $0.51 during trading on Thursday, hitting $54.72. The company had a trading volume of 260,295 shares, compared to its average volume of 3,625,180. SPDR Gold MiniShares Trust has a one year low of $38.32 and a one year high of $55.29. The business has a 50-day moving average of $51.70 and a 200-day moving average of $48.65.

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.