Gradient Investments LLC Makes New $3.13 Million Investment in SPDR Gold MiniShares Trust (NYSEARCA:GLDM)

Gradient Investments LLC purchased a new position in SPDR Gold MiniShares Trust (NYSEARCA:GLDM) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 212,750 shares of the company’s stock, valued at approximately $3,127,000. Gradient Investments LLC owned approximately 0.30% of SPDR Gold MiniShares Trust as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Riggs Asset Managment Co. Inc. increased its stake in SPDR Gold MiniShares Trust by 45.8% in the 2nd quarter. Riggs Asset Managment Co. Inc. now owns 2,355 shares of the company’s stock worth $33,000 after buying an additional 740 shares in the last quarter. Covington Capital Management increased its stake in SPDR Gold MiniShares Trust by 18.2% in the 2nd quarter. Covington Capital Management now owns 6,500 shares of the company’s stock worth $92,000 after buying an additional 1,000 shares in the last quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC purchased a new stake in SPDR Gold MiniShares Trust in the 3rd quarter worth $96,000. Cambridge Investment Research Advisors Inc. purchased a new stake in SPDR Gold MiniShares Trust in the 2nd quarter worth $149,000. Finally, Cetera Advisors LLC purchased a new stake in SPDR Gold MiniShares Trust in the 2nd quarter worth $161,000.

GLDM opened at $14.91 on Friday. The firm has a 50-day simple moving average of $15.07 and a two-hundred day simple moving average of $13.91. SPDR Gold MiniShares Trust has a 52 week low of $11.99 and a 52 week high of $15.54.

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Institutional Ownership by Quarter for SPDR Gold MiniShares Trust (NYSEARCA:GLDM)

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