Fiduciary Trust Co Raises Stock Position in SPDR Gold MiniShares Trust (NYSEARCA:GLDM)

Fiduciary Trust Co boosted its position in shares of SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 80.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,366 shares of the company’s stock after purchasing an additional 3,288 shares during the period. Fiduciary Trust Co’s holdings in SPDR Gold MiniShares Trust were worth $383,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of GLDM. Bank of America Corp DE raised its stake in SPDR Gold MiniShares Trust by 109.5% during the fourth quarter. Bank of America Corp DE now owns 4,683,654 shares of the company’s stock worth $243,503,000 after purchasing an additional 2,447,630 shares during the period. Principal Financial Group Inc. purchased a new position in SPDR Gold MiniShares Trust during the fourth quarter worth about $91,357,000. Raymond James Financial Inc. purchased a new stake in shares of SPDR Gold MiniShares Trust in the 4th quarter valued at approximately $43,698,000. Resona Asset Management Co. Ltd. purchased a new stake in shares of SPDR Gold MiniShares Trust in the 4th quarter valued at approximately $30,003,000. Finally, JPMorgan Chase & Co. raised its stake in shares of SPDR Gold MiniShares Trust by 311.7% in the 4th quarter. JPMorgan Chase & Co. now owns 728,424 shares of the company’s stock valued at $37,871,000 after acquiring an additional 551,488 shares during the period.

SPDR Gold MiniShares Trust Price Performance

SPDR Gold MiniShares Trust stock opened at $65.93 on Monday. The company’s 50 day simple moving average is $62.26 and its 200-day simple moving average is $56.89. SPDR Gold MiniShares Trust has a 1 year low of $45.35 and a 1 year high of $68.23.

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.