Arete Wealth Advisors LLC Has $5.08 Million Holdings in SPDR Gold MiniShares Trust (NYSEARCA:GLDM)

Arete Wealth Advisors LLC decreased its position in SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 19.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 97,652 shares of the company’s stock after selling 23,472 shares during the quarter. Arete Wealth Advisors LLC’s holdings in SPDR Gold MiniShares Trust were worth $5,077,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of GLDM. Headlands Technologies LLC boosted its position in SPDR Gold MiniShares Trust by 41.1% during the 4th quarter. Headlands Technologies LLC now owns 21,578 shares of the company’s stock worth $1,122,000 after acquiring an additional 6,289 shares during the last quarter. National Bank of Canada FI boosted its holdings in SPDR Gold MiniShares Trust by 7.9% during the fourth quarter. National Bank of Canada FI now owns 142,646 shares of the company’s stock worth $7,415,000 after purchasing an additional 10,407 shares during the last quarter. Physician Wealth Advisors Inc. bought a new position in SPDR Gold MiniShares Trust in the fourth quarter valued at $2,080,000. CIBC Private Wealth Group LLC increased its stake in SPDR Gold MiniShares Trust by 0.9% in the 4th quarter. CIBC Private Wealth Group LLC now owns 21,412 shares of the company’s stock valued at $1,130,000 after buying an additional 185 shares during the last quarter. Finally, Sanctuary Wealth Management L.L.C. lifted its position in SPDR Gold MiniShares Trust by 97.1% during the 4th quarter. Sanctuary Wealth Management L.L.C. now owns 2,872 shares of the company’s stock worth $149,000 after buying an additional 1,415 shares in the last quarter.

SPDR Gold MiniShares Trust Stock Performance

SPDR Gold MiniShares Trust stock opened at $61.87 on Thursday. The firm has a 50-day moving average of $57.94 and a 200-day moving average of $54.52. SPDR Gold MiniShares Trust has a one year low of $45.05 and a one year high of $62.52.

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.