SPDR Gold MiniShares Trust $GLDM Shares Sold by McNaughton Wealth Management LLC

McNaughton Wealth Management LLC reduced its stake in SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 6.0% in the second quarter, HoldingsChannel reports. The fund owned 37,018 shares of the company’s stock after selling 2,364 shares during the quarter. McNaughton Wealth Management LLC’s holdings in SPDR Gold MiniShares Trust were worth $2,425,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in GLDM. GAMMA Investing LLC acquired a new stake in SPDR Gold MiniShares Trust during the first quarter valued at approximately $1,823,000. Parallel Advisors LLC lifted its stake in SPDR Gold MiniShares Trust by 18,928.6% during the first quarter. Parallel Advisors LLC now owns 1,332 shares of the company’s stock valued at $82,000 after purchasing an additional 1,325 shares during the last quarter. Merit Financial Group LLC lifted its stake in SPDR Gold MiniShares Trust by 8.4% during the first quarter. Merit Financial Group LLC now owns 36,049 shares of the company’s stock valued at $2,231,000 after purchasing an additional 2,782 shares during the last quarter. MKT Advisors LLC acquired a new stake in SPDR Gold MiniShares Trust during the first quarter valued at approximately $377,000. Finally, Eagle Rock Investment Company LLC acquired a new stake in SPDR Gold MiniShares Trust during the first quarter valued at approximately $1,028,000.

SPDR Gold MiniShares Trust Price Performance

GLDM stock opened at $76.92 on Friday. SPDR Gold MiniShares Trust has a 12 month low of $50.67 and a 12 month high of $77.13. The firm has a 50 day simple moving average of $69.80 and a 200 day simple moving average of $66.53.

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.