SPDR Gold MiniShares Trust (NYSEARCA:GLDM) Stock Position Increased by Wallace Advisory Group LLC

Wallace Advisory Group LLC raised its stake in shares of SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 3.6% in the fourth quarter, Holdings Channel reports. The institutional investor owned 60,496 shares of the company’s stock after buying an additional 2,080 shares during the quarter. SPDR Gold MiniShares Trust accounts for about 2.2% of Wallace Advisory Group LLC’s holdings, making the stock its 6th biggest position. Wallace Advisory Group LLC’s holdings in SPDR Gold MiniShares Trust were worth $3,154,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Citigroup Inc. boosted its stake in SPDR Gold MiniShares Trust by 5,727,072.7% during the 3rd quarter. Citigroup Inc. now owns 1,889,967 shares of the company’s stock valued at $98,524,000 after purchasing an additional 1,889,934 shares during the last quarter. Quadrature Capital Ltd bought a new position in SPDR Gold MiniShares Trust during the 3rd quarter valued at about $84,714,000. Benjamin Edwards Inc. boosted its holdings in shares of SPDR Gold MiniShares Trust by 1,805.0% during the 3rd quarter. Benjamin Edwards Inc. now owns 1,432,715 shares of the company’s stock valued at $74,686,000 after acquiring an additional 1,357,506 shares during the last quarter. State Street Corp grew its stake in shares of SPDR Gold MiniShares Trust by 43.2% in the third quarter. State Street Corp now owns 3,226,956 shares of the company’s stock worth $168,221,000 after acquiring an additional 973,410 shares during the period. Finally, Asset Management One Co. Ltd. raised its stake in SPDR Gold MiniShares Trust by 28.1% during the 3rd quarter. Asset Management One Co. Ltd. now owns 4,017,429 shares of the company’s stock valued at $209,429,000 after buying an additional 880,693 shares during the last quarter.

SPDR Gold MiniShares Trust Stock Performance

SPDR Gold MiniShares Trust stock opened at $52.73 on Tuesday. SPDR Gold MiniShares Trust has a 52-week low of $39.35 and a 52-week high of $55.29. The business has a 50-day simple moving average of $52.38 and a two-hundred day simple moving average of $50.92.

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.