Salomon & Ludwin LLC increased its position in SPDR Gold MiniShares Trust (NYSEARCA:GLDM – Free Report) by 86.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,617 shares of the company’s stock after purchasing an additional 1,211 shares during the quarter. Salomon & Ludwin LLC’s holdings in SPDR Gold MiniShares Trust were worth $174,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. ORG Partners LLC acquired a new stake in SPDR Gold MiniShares Trust in the second quarter worth about $28,000. Asset Planning Inc bought a new stake in SPDR Gold MiniShares Trust in the 1st quarter valued at approximately $29,000. GAMMA Investing LLC bought a new stake in SPDR Gold MiniShares Trust in the 1st quarter valued at approximately $29,000. Beacon Capital Management LLC acquired a new position in shares of SPDR Gold MiniShares Trust during the 2nd quarter worth approximately $38,000. Finally, Financial Management Professionals Inc. increased its position in shares of SPDR Gold MiniShares Trust by 41.7% during the 2nd quarter. Financial Management Professionals Inc. now owns 595 shares of the company’s stock worth $39,000 after purchasing an additional 175 shares during the last quarter.
SPDR Gold MiniShares Trust Price Performance
GLDM stock opened at $83.70 on Friday. SPDR Gold MiniShares Trust has a 1-year low of $50.67 and a 1-year high of $85.47. The business’s 50 day simple moving average is $72.76 and its 200 day simple moving average is $68.00.
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.
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