Cedar Point Capital Partners LLC Boosts Stake in SPDR Gold MiniShares Trust (NYSEARCA:GLDM)

Cedar Point Capital Partners LLC increased its holdings in SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 7.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 105,243 shares of the company’s stock after acquiring an additional 7,664 shares during the period. SPDR Gold MiniShares Trust comprises approximately 3.7% of Cedar Point Capital Partners LLC’s portfolio, making the stock its 11th biggest holding. Cedar Point Capital Partners LLC’s holdings in SPDR Gold MiniShares Trust were worth $5,472,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. First Community Trust NA purchased a new position in SPDR Gold MiniShares Trust in the fourth quarter valued at about $43,000. Barrett & Company Inc. bought a new position in SPDR Gold MiniShares Trust during the third quarter valued at $53,000. First Horizon Advisors Inc. bought a new position in shares of SPDR Gold MiniShares Trust during the 3rd quarter worth $65,000. Glass Jacobson Investment Advisors llc purchased a new stake in SPDR Gold MiniShares Trust during the third quarter valued at about $74,000. Finally, Sanctuary Wealth Management L.L.C. bought a new stake in shares of SPDR Gold MiniShares Trust during the 3rd quarter valued at $76,000.

SPDR Gold MiniShares Trust Trading Up 0.5 %

Shares of GLDM opened at $54.62 on Thursday. The stock has a 50-day moving average price of $52.51 and a 200-day moving average price of $51.29. SPDR Gold MiniShares Trust has a 12-month low of $39.35 and a 12-month high of $55.29.

About SPDR Gold MiniShares Trust

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.