SPDR Gold MiniShares Trust (NYSEARCA:GLDM) is AIFG Consultants Ltd.’s Largest Position

AIFG Consultants Ltd. reduced its stake in SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 13.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 141,180 shares of the company’s stock after selling 22,508 shares during the period. SPDR Gold MiniShares Trust makes up about 12.0% of AIFG Consultants Ltd.’s holdings, making the stock its largest holding. AIFG Consultants Ltd.’s holdings in SPDR Gold MiniShares Trust were worth $7,340,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Exchange Traded Concepts LLC raised its stake in SPDR Gold MiniShares Trust by 7.2% in the third 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 in the last quarter. Redhawk Wealth Advisors Inc. acquired a new stake in shares of SPDR Gold MiniShares Trust during the third quarter worth about $225,000. Paladin Wealth LLC acquired a new stake in shares of SPDR Gold MiniShares Trust during the third quarter worth about $879,000. Cabot Wealth Management Inc. increased its position in shares of SPDR Gold MiniShares Trust by 8.5% during the third quarter. Cabot Wealth Management Inc. now owns 62,487 shares of the company’s stock worth $3,257,000 after purchasing an additional 4,875 shares in the last quarter. Finally, Capstone Wealth Management Group LLC increased its position in shares of SPDR Gold MiniShares Trust by 0.9% during the third quarter. Capstone Wealth Management Group LLC now owns 59,177 shares of the company’s stock worth $3,085,000 after purchasing an additional 545 shares in the last quarter.

SPDR Gold MiniShares Trust Trading Up 1.6 %

GLDM opened at $57.61 on Tuesday. The business’s 50-day simple moving average is $53.42 and its 200-day simple moving average is $52.05. SPDR Gold MiniShares Trust has a one year low of $39.35 and a one year high of $57.69.

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.