Global Wealth Management Investment Advisory Inc. Has $2.23 Million Stake in SPDR Gold MiniShares Trust (NYSEARCA:GLDM)

Global Wealth Management Investment Advisory Inc. raised its position in SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 9.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 42,836 shares of the company’s stock after acquiring an additional 3,714 shares during the quarter. Global Wealth Management Investment Advisory Inc.’s holdings in SPDR Gold MiniShares Trust were worth $2,227,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Exchange Traded Concepts LLC grew its holdings in SPDR Gold MiniShares Trust by 7.2% during the third quarter. Exchange Traded Concepts LLC now owns 3,125 shares of the company’s stock worth $163,000 after purchasing an additional 210 shares during the period. Bright Financial Advisors Inc. lifted its position in shares of SPDR Gold MiniShares Trust by 8.5% in the third quarter. Bright Financial Advisors Inc. now owns 64,687 shares of the company’s stock valued at $3,372,000 after buying an additional 5,066 shares during the last quarter. Redhawk Wealth Advisors Inc. bought a new position in shares of SPDR Gold MiniShares Trust during the 3rd quarter worth approximately $225,000. Paladin Wealth LLC acquired a new position in shares of SPDR Gold MiniShares Trust during the 3rd quarter worth approximately $879,000. Finally, Cabot Wealth Management Inc. raised its stake in SPDR Gold MiniShares Trust by 8.5% in the 3rd quarter. Cabot Wealth Management Inc. now owns 62,487 shares of the company’s stock valued at $3,257,000 after acquiring an additional 4,875 shares during the period.

SPDR Gold MiniShares Trust Stock Performance

NYSEARCA GLDM opened at $56.69 on Monday. The firm has a 50-day moving average of $53.31 and a 200-day moving average of $51.97. SPDR Gold MiniShares Trust has a 52-week low of $39.35 and a 52-week high of $57.19.

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.