Tennessee Valley Asset Management Partners Makes New $2.82 Million Investment in SPDR Gold MiniShares Trust (NYSEARCA:GLDM)

Tennessee Valley Asset Management Partners bought a new stake in SPDR Gold MiniShares Trust (NYSEARCA:GLDM) in the first quarter, HoldingsChannel reports. The firm bought 45,585 shares of the company’s stock, valued at approximately $2,821,000.

Several other hedge funds also recently made changes to their positions in the company. Allworth Financial LP increased its stake in shares of SPDR Gold MiniShares Trust by 8.9% during the fourth quarter. Allworth Financial LP now owns 2,636 shares of the company’s stock valued at $144,000 after purchasing an additional 216 shares in the last quarter. Valmark Advisers Inc. increased its position in SPDR Gold MiniShares Trust by 9.1% during the 4th quarter. Valmark Advisers Inc. now owns 18,995 shares of the company’s stock valued at $988,000 after buying an additional 1,582 shares in the last quarter. Principal Financial Group Inc. purchased a new position in SPDR Gold MiniShares Trust during the fourth quarter valued at $91,357,000. Retirement Income Solutions Inc boosted its holdings in SPDR Gold MiniShares Trust by 0.3% in the fourth quarter. Retirement Income Solutions Inc now owns 133,659 shares of the company’s stock worth $6,949,000 after acquiring an additional 349 shares in the last quarter. Finally, Truist Financial Corp grew its stake in shares of SPDR Gold MiniShares Trust by 0.9% in the fourth quarter. Truist Financial Corp now owns 126,562 shares of the company’s stock worth $6,580,000 after acquiring an additional 1,067 shares during the last quarter.

SPDR Gold MiniShares Trust Stock Performance

Shares of NYSEARCA:GLDM opened at $67.02 on Tuesday. The business has a fifty day moving average price of $65.39 and a 200-day moving average price of $59.19. SPDR Gold MiniShares Trust has a 1-year low of $45.47 and a 1-year high of $68.26.

SPDR Gold MiniShares Trust Company 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.