Cresset Asset Management LLC Buys Shares of 454,934 SPDR Gold MiniShares Trust (NYSEARCA:GLDM)

Cresset Asset Management LLC bought a new stake in SPDR Gold MiniShares Trust (NYSEARCA:GLDM) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 454,934 shares of the company’s stock, valued at approximately $28,156,000. Cresset Asset Management LLC owned 0.20% of SPDR Gold MiniShares Trust as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Bank of America Corp DE increased its position in shares of SPDR Gold MiniShares Trust by 109.5% in the fourth quarter. Bank of America Corp DE now owns 4,683,654 shares of the company’s stock valued at $243,503,000 after buying an additional 2,447,630 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. increased its position in shares of SPDR Gold MiniShares Trust by 12.3% in the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 14,596,294 shares of the company’s stock valued at $903,365,000 after buying an additional 1,596,294 shares in the last quarter. Charles Schwab Investment Management Inc. purchased a new position in shares of SPDR Gold MiniShares Trust in the first quarter valued at $65,351,000. Principal Financial Group Inc. increased its position in shares of SPDR Gold MiniShares Trust by 55.3% in the first quarter. Principal Financial Group Inc. now owns 2,729,216 shares of the company’s stock valued at $168,911,000 after buying an additional 972,011 shares in the last quarter. Finally, Private Advisor Group LLC increased its position in shares of SPDR Gold MiniShares Trust by 185.0% in the first quarter. Private Advisor Group LLC now owns 899,411 shares of the company’s stock valued at $55,665,000 after buying an additional 583,791 shares in the last quarter.

SPDR Gold MiniShares Trust Stock Performance

Shares of GLDM stock opened at $66.13 on Friday. SPDR Gold MiniShares Trust has a fifty-two week low of $48.95 and a fifty-two week high of $68.26. The business has a fifty day simple moving average of $66.34 and a 200-day simple moving average of $63.20.

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.