Joseph Group Capital Management cut its holdings in shares of SPDR Gold MiniShares Trust (NYSEARCA:GLDM – Free Report) by 71.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 88,998 shares of the company’s stock after selling 225,737 shares during the period. SPDR Gold MiniShares Trust comprises approximately 1.8% of Joseph Group Capital Management’s investment portfolio, making the stock its 16th biggest holding. Joseph Group Capital Management owned approximately 0.06% of SPDR Gold MiniShares Trust worth $4,627,000 as of its most recent SEC filing.
Other 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 in the 4th quarter valued at about $43,000. Glass Jacobson Investment Advisors llc acquired a new position in SPDR Gold MiniShares Trust in the third quarter valued at approximately $74,000. Stonebridge Financial Group LLC purchased a new stake in SPDR Gold MiniShares Trust in the 4th quarter worth approximately $89,000. Rosenberg Matthew Hamilton acquired a new stake in shares of SPDR Gold MiniShares Trust during the 4th quarter worth approximately $106,000. Finally, WealthTrak Capital Management LLC purchased a new position in shares of SPDR Gold MiniShares Trust during the 4th quarter valued at approximately $118,000.
SPDR Gold MiniShares Trust Price Performance
Shares of NYSEARCA GLDM opened at $61.03 on Friday. The company’s fifty day moving average price is $57.48 and its 200 day moving average price is $54.29. 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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