Miracle Mile Advisors LLC Has $16.18 Million Position in SPDR Gold MiniShares Trust (NYSEARCA:GLDM)

Miracle Mile Advisors LLC lowered its holdings in SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 6.9% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 261,472 shares of the company’s stock after selling 19,320 shares during the quarter. Miracle Mile Advisors LLC’s holdings in SPDR Gold MiniShares Trust were worth $16,183,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Studio Investment Management LLC acquired a new stake in SPDR Gold MiniShares Trust in the 4th quarter valued at $36,000. Ancora Advisors LLC acquired a new stake in SPDR Gold MiniShares Trust in the 4th quarter valued at $79,000. Parallel Advisors LLC boosted its holdings in SPDR Gold MiniShares Trust by 18,928.6% during the 1st quarter. Parallel Advisors LLC now owns 1,332 shares of the company’s stock worth $82,000 after acquiring an additional 1,325 shares during the last quarter. FWL Investment Management LLC bought a new stake in shares of SPDR Gold MiniShares Trust in the 4th quarter worth $83,000. Finally, Stonebridge Financial Group LLC purchased a new stake in shares of SPDR Gold MiniShares Trust in the fourth quarter valued at about $89,000.

SPDR Gold MiniShares Trust Price Performance

GLDM opened at $65.59 on Friday. SPDR Gold MiniShares Trust has a fifty-two week low of $45.47 and a fifty-two week high of $68.23. The company’s 50-day moving average is $64.60 and its 200 day moving average is $58.56.

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.