Brown Miller Wealth Management LLC Buys 849 Shares of SPDR Gold MiniShares Trust (NYSEARCA:GLDM)

Brown Miller Wealth Management LLC lifted its position in SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 3.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,502 shares of the company’s stock after buying an additional 849 shares during the quarter. Brown Miller Wealth Management LLC’s holdings in SPDR Gold MiniShares Trust were worth $1,043,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in GLDM. VitalStone Financial LLC raised its stake in SPDR Gold MiniShares Trust by 611.1% in the third quarter. VitalStone Financial LLC now owns 640 shares of the company’s stock valued at $25,000 after buying an additional 550 shares during the period. Parkside Financial Bank & Trust bought a new position in SPDR Gold MiniShares Trust during the third quarter worth $30,000. Fortitude Family Office LLC bought a new position in SPDR Gold MiniShares Trust during the fourth quarter worth $40,000. Citigroup Inc. raised its position in shares of SPDR Gold MiniShares Trust by 1,201.0% in the third quarter. Citigroup Inc. now owns 1,353 shares of the company’s stock valued at $50,000 after purchasing an additional 1,249 shares during the period. Finally, Salem Investment Counselors Inc. acquired a new stake in shares of SPDR Gold MiniShares Trust during the 4th quarter worth about $51,000.

SPDR Gold MiniShares Trust Stock Performance

NYSEARCA:GLDM traded up $0.55 during mid-day trading on Thursday, hitting $44.05. 2,474,784 shares of the stock were exchanged, compared to its average volume of 2,784,540. The firm’s 50-day simple moving average is $41.25 and its 200 day simple moving average is $39.90. SPDR Gold MiniShares Trust has a fifty-two week low of $35.99 and a fifty-two week high of $44.12.

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.