SPDR Gold MiniShares Trust $GLDM Stock Position Raised by Western Wealth Management LLC

Western Wealth Management LLC raised its stake in shares of SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 132.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,892 shares of the company’s stock after buying an additional 11,345 shares during the period. Western Wealth Management LLC’s holdings in SPDR Gold MiniShares Trust were worth $1,303,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in GLDM. Jane Street Group LLC bought a new stake in SPDR Gold MiniShares Trust during the 1st quarter worth about $395,321,000. Empower Advisory Group LLC acquired a new stake in shares of SPDR Gold MiniShares Trust during the 2nd quarter valued at $336,022,000. Mizuho Bank Ltd. bought a new stake in SPDR Gold MiniShares Trust during the first quarter valued at $68,079,000. Charles Schwab Investment Management Inc. acquired a new stake in SPDR Gold MiniShares Trust in the 1st quarter valued at $65,351,000. Finally, 3EDGE Asset Management LP increased its position in shares of SPDR Gold MiniShares Trust by 43.0% during the second quarter. 3EDGE Asset Management LP now owns 2,211,620 shares of the company’s stock valued at $144,905,000 after acquiring an additional 664,523 shares during the last quarter.

SPDR Gold MiniShares Trust Stock Performance

SPDR Gold MiniShares Trust stock traded down $0.20 during midday trading on Monday, reaching $80.70. 584,441 shares of the stock were exchanged, compared to its average volume of 4,581,680. The company’s fifty day moving average is $77.96 and its 200-day moving average is $70.42. SPDR Gold MiniShares Trust has a 52 week low of $51.24 and a 52 week high of $86.75.

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.