Hobbs Group Advisors LLC lessened its holdings in SPDR Gold MiniShares Trust (NYSEARCA:GLDM – Free Report) by 21.7% during the fourth quarter, Holdings Channel.com reports. The firm owned 99,228 shares of the company’s stock after selling 27,484 shares during the quarter. SPDR Gold MiniShares Trust makes up 1.9% of Hobbs Group Advisors LLC’s investment portfolio, making the stock its 11th largest position. Hobbs Group Advisors LLC’s holdings in SPDR Gold MiniShares Trust were worth $5,159,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. First Community Trust NA acquired a new position in shares of SPDR Gold MiniShares Trust during the 4th quarter worth $43,000. Glass Jacobson Investment Advisors llc acquired a new position in SPDR Gold MiniShares Trust during the third quarter worth about $74,000. Stonebridge Financial Group LLC purchased a new position in SPDR Gold MiniShares Trust in the fourth quarter valued at about $89,000. Rosenberg Matthew Hamilton acquired a new stake in shares of SPDR Gold MiniShares Trust during the 4th quarter valued at approximately $106,000. Finally, PNC Financial Services Group Inc. boosted its stake in shares of SPDR Gold MiniShares Trust by 468.6% during the 4th quarter. PNC Financial Services Group Inc. now owns 2,428 shares of the company’s stock worth $126,000 after acquiring an additional 2,001 shares in the last quarter.
SPDR Gold MiniShares Trust Stock Performance
GLDM opened at $61.03 on Friday. The stock’s 50 day simple moving average is $57.48 and its 200 day simple moving average is $54.25. SPDR Gold MiniShares Trust has a 1-year low of $44.19 and a 1-year high of $61.14.
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.
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Want to see what other hedge funds are holding GLDM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SPDR Gold MiniShares Trust (NYSEARCA:GLDM – Free Report).
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