Medici Capital LLC Increases Holdings in SPDR Gold MiniShares Trust (NYSEARCA:GLDM)

Medici Capital LLC raised its stake in shares of SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 20.6% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 184,034 shares of the company’s stock after purchasing an additional 31,494 shares during the period. SPDR Gold MiniShares Trust accounts for about 13.9% of Medici Capital LLC’s investment portfolio, making the stock its 3rd biggest holding. Medici Capital LLC owned approximately 0.09% of SPDR Gold MiniShares Trust worth $11,390,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of the stock. Envestnet Portfolio Solutions Inc. lifted its stake in shares of SPDR Gold MiniShares Trust by 2.9% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 9,094 shares of the company’s stock valued at $473,000 after buying an additional 257 shares in the last quarter. Allworth Financial LP increased its stake in SPDR Gold MiniShares Trust by 8.9% in the 4th quarter. Allworth Financial LP now owns 2,636 shares of the company’s stock worth $144,000 after buying an additional 216 shares in the last quarter. Theory Financial LLC bought a new stake in SPDR Gold MiniShares Trust during the fourth quarter valued at about $491,000. GAMMA Investing LLC purchased a new position in shares of SPDR Gold MiniShares Trust in the first quarter valued at about $1,823,000. Finally, Glenview Trust co boosted its stake in shares of SPDR Gold MiniShares Trust by 0.4% in the fourth quarter. Glenview Trust co now owns 119,208 shares of the company’s stock worth $6,198,000 after acquiring an additional 474 shares during the period.

SPDR Gold MiniShares Trust Trading Down 1.4%

NYSEARCA:GLDM opened at $67.02 on Tuesday. The stock has a 50-day moving average price of $65.39 and a 200 day moving average price of $59.19. SPDR Gold MiniShares Trust has a 12-month low of $45.47 and a 12-month high of $68.26.

About SPDR Gold MiniShares Trust

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.