Independent Advisor Alliance Boosts Stock Position in SPDR Gold MiniShares Trust (NYSEARCA:GLDM)

Independent Advisor Alliance increased its stake in shares of SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 2.5% in the 3rd quarter, Holdings Channel reports. The firm owned 9,931 shares of the company’s stock after purchasing an additional 244 shares during the period. Independent Advisor Alliance’s holdings in SPDR Gold MiniShares Trust were worth $518,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. CENTRAL TRUST Co raised its holdings in SPDR Gold MiniShares Trust by 1.3% in the 3rd quarter. CENTRAL TRUST Co now owns 14,935 shares of the company’s stock valued at $779,000 after acquiring an additional 197 shares during the last quarter. MONECO Advisors LLC boosted its position in shares of SPDR Gold MiniShares Trust by 4.0% during the 3rd quarter. MONECO Advisors LLC now owns 5,455 shares of the company’s stock worth $284,000 after purchasing an additional 208 shares during the period. Exchange Traded Concepts LLC raised its holdings in shares of SPDR Gold MiniShares Trust by 7.2% in the 3rd quarter. Exchange Traded Concepts LLC now owns 3,125 shares of the company’s stock valued at $163,000 after buying an additional 210 shares during the period. Patten Group Inc. increased its stake in SPDR Gold MiniShares Trust by 2.7% during the third quarter. Patten Group Inc. now owns 8,195 shares of the company’s stock worth $427,000 after purchasing an additional 212 shares during the period. Finally, Laidlaw Wealth Management LLC lifted its holdings in SPDR Gold MiniShares Trust by 3.5% during the 2nd quarter. Laidlaw Wealth Management LLC now owns 10,012 shares of the company’s stock worth $461,000 after buying an additional 338 shares in the last quarter.

SPDR Gold MiniShares Trust Trading Up 0.2 %

NYSEARCA:GLDM opened at $52.24 on Thursday. The stock has a fifty day moving average price of $52.82 and a 200 day moving average price of $49.55. SPDR Gold MiniShares Trust has a 12-month low of $39.19 and a 12-month high of $55.29.

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.