Verdence Capital Advisors LLC Acquires New Holdings in SPDR Gold MiniShares Trust (NYSEARCA:GLDM)

Verdence Capital Advisors LLC acquired a new stake in SPDR Gold MiniShares Trust (NYSEARCA:GLDM) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 5,299 shares of the company’s stock, valued at approximately $217,000.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Sei Investments Co. lifted its holdings in shares of SPDR Gold MiniShares Trust by 657.4% during the third quarter. Sei Investments Co. now owns 1,707,015 shares of the company’s stock valued at $62,588,000 after acquiring an additional 1,481,629 shares during the period. HighTower Advisors LLC bought a new stake in SPDR Gold MiniShares Trust during the third quarter worth about $37,555,000. Sumitomo Mitsui Trust Holdings Inc. increased its holdings in shares of SPDR Gold MiniShares Trust by 6.9% during the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 15,400,000 shares of the company’s stock worth $564,564,000 after buying an additional 1,000,000 shares in the last quarter. Gradient Investments LLC raised its stake in shares of SPDR Gold MiniShares Trust by 178.8% in the fourth quarter. Gradient Investments LLC now owns 1,389,608 shares of the company’s stock valued at $56,849,000 after acquiring an additional 891,187 shares during the last quarter. Finally, Asset Management One Co. Ltd. boosted its holdings in shares of SPDR Gold MiniShares Trust by 15.1% in the 3rd quarter. Asset Management One Co. Ltd. now owns 3,265,606 shares of the company’s stock worth $119,717,000 after acquiring an additional 429,049 shares in the last quarter.

SPDR Gold MiniShares Trust Stock Performance

Shares of GLDM stock opened at $46.05 on Wednesday. SPDR Gold MiniShares Trust has a 52 week low of $35.99 and a 52 week high of $48.21. The stock’s fifty day moving average is $43.29 and its 200-day moving average is $40.98.

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.