PFG Advisors Decreases Stock Holdings in SPDR Gold MiniShares Trust $GLDM

PFG Advisors lowered its stake in shares of SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 2.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 108,805 shares of the company’s stock after selling 2,954 shares during the quarter. PFG Advisors’ holdings in SPDR Gold MiniShares Trust were worth $7,129,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in GLDM. Jane Street Group LLC purchased a new stake in shares of SPDR Gold MiniShares Trust during the first quarter valued at about $395,321,000. Asset Management One Co. Ltd. grew its position in shares of SPDR Gold MiniShares Trust by 1.3% in the 2nd quarter. Asset Management One Co. Ltd. now owns 4,055,562 shares of the company’s stock worth $265,720,000 after buying an additional 51,172 shares during the last quarter. LPL Financial LLC raised its stake in shares of SPDR Gold MiniShares Trust by 23.6% during the 1st quarter. LPL Financial LLC now owns 2,715,752 shares of the company’s stock worth $168,078,000 after acquiring an additional 518,772 shares in the last quarter. 3EDGE Asset Management LP raised its stake in shares of SPDR Gold MiniShares Trust by 43.0% during the 2nd quarter. 3EDGE Asset Management LP now owns 2,211,620 shares of the company’s stock worth $144,905,000 after acquiring an additional 664,523 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its position in SPDR Gold MiniShares Trust by 5.1% during the first quarter. Ameriprise Financial Inc. now owns 2,200,062 shares of the company’s stock valued at $135,522,000 after acquiring an additional 107,245 shares during the last quarter.

SPDR Gold MiniShares Trust Stock Performance

Shares of GLDM opened at $79.26 on Friday. SPDR Gold MiniShares Trust has a twelve month low of $50.67 and a twelve month high of $86.75. The company has a 50 day moving average of $76.78 and a two-hundred day moving average of $69.82.

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.