Cedar Point Capital Partners LLC Buys Shares of 97,579 SPDR Gold MiniShares Trust (NYSEARCA:GLDM)

Cedar Point Capital Partners LLC purchased a new stake in shares of SPDR Gold MiniShares Trust (NYSEARCA:GLDM) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 97,579 shares of the company’s stock, valued at approximately $5,087,000. SPDR Gold MiniShares Trust accounts for about 3.5% of Cedar Point Capital Partners LLC’s holdings, making the stock its 11th biggest holding. Cedar Point Capital Partners LLC owned 0.06% of SPDR Gold MiniShares Trust as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Carmichael Hill & Associates Inc. lifted its stake in shares of SPDR Gold MiniShares Trust by 11.3% in the 3rd quarter. Carmichael Hill & Associates Inc. now owns 12,262 shares of the company’s stock worth $639,000 after purchasing an additional 1,245 shares during the period. Farther Finance Advisors LLC grew its position in SPDR Gold MiniShares Trust by 123.2% during the third quarter. Farther Finance Advisors LLC now owns 106,360 shares of the company’s stock valued at $5,545,000 after buying an additional 58,701 shares during the period. Creative Financial Designs Inc. ADV purchased a new stake in SPDR Gold MiniShares Trust during the third quarter valued at approximately $249,000. US Bancorp DE raised its position in SPDR Gold MiniShares Trust by 9.7% in the third quarter. US Bancorp DE now owns 215,168 shares of the company’s stock worth $11,217,000 after acquiring an additional 19,057 shares during the period. Finally, HM Payson & Co. purchased a new position in shares of SPDR Gold MiniShares Trust during the 3rd quarter worth $274,000.

SPDR Gold MiniShares Trust Stock Performance

NYSEARCA:GLDM opened at $54.17 on Friday. SPDR Gold MiniShares Trust has a one year low of $38.32 and a one year high of $55.29. The business has a fifty day moving average price of $52.00 and a 200-day moving average price of $48.79.

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.