PFG Advisors cut its stake in SPDR Gold MiniShares Trust (NYSEARCA:GLDM – Free Report) by 2.6% in the second quarter, Holdings Channel reports. The firm owned 108,805 shares of the company’s stock after selling 2,954 shares during the period. PFG Advisors’ holdings in SPDR Gold MiniShares Trust were worth $7,129,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors also recently bought and sold shares of GLDM. GAMMA Investing LLC acquired a new stake in shares of SPDR Gold MiniShares Trust during the first quarter worth $29,000. Envestnet Asset Management Inc. raised its stake in SPDR Gold MiniShares Trust by 20.1% in the 1st quarter. Envestnet Asset Management Inc. now owns 1,091,182 shares of the company’s stock worth $67,533,000 after acquiring an additional 182,305 shares during the last quarter. Brown Advisory Inc. raised its stake in SPDR Gold MiniShares Trust by 5.8% in the 1st quarter. Brown Advisory Inc. now owns 16,575 shares of the company’s stock worth $1,026,000 after acquiring an additional 916 shares during the last quarter. Valeo Financial Advisors LLC acquired a new stake in SPDR Gold MiniShares Trust during the 1st quarter worth about $250,000. Finally, Axxcess Wealth Management LLC grew its stake in SPDR Gold MiniShares Trust by 21.9% during the 1st quarter. Axxcess Wealth Management LLC now owns 11,869 shares of the company’s stock valued at $735,000 after purchasing an additional 2,134 shares during the last quarter.
SPDR Gold MiniShares Trust Price Performance
Shares of GLDM stock opened at $79.26 on Friday. The stock’s 50-day simple moving average is $76.78 and its 200-day simple moving average is $69.82. SPDR Gold MiniShares Trust has a fifty-two week low of $50.67 and a fifty-two week high of $86.75.
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.
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