SPDR Gold MiniShares Trust $GLDM Stock Acquired by Cabot Wealth Management Inc.

Cabot Wealth Management Inc. lifted its holdings in SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 11.1% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 107,714 shares of the company’s stock after buying an additional 10,779 shares during the period. Cabot Wealth Management Inc.’s holdings in SPDR Gold MiniShares Trust were worth $8,852,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in GLDM. Advisor Resource Council grew its position in SPDR Gold MiniShares Trust by 27.3% in the third quarter. Advisor Resource Council now owns 14,530 shares of the company’s stock worth $1,190,000 after acquiring an additional 3,113 shares in the last quarter. Ritholtz Wealth Management purchased a new stake in SPDR Gold MiniShares Trust during the third quarter valued at approximately $210,000. Jacobi Capital Management LLC raised its position in SPDR Gold MiniShares Trust by 4.9% during the third quarter. Jacobi Capital Management LLC now owns 50,961 shares of the company’s stock valued at $4,188,000 after purchasing an additional 2,402 shares during the period. AMG National Trust Bank lifted its stake in shares of SPDR Gold MiniShares Trust by 11.2% in the 3rd quarter. AMG National Trust Bank now owns 83,716 shares of the company’s stock valued at $6,880,000 after purchasing an additional 8,403 shares during the last quarter. Finally, Moneco Advisors LLC lifted its stake in shares of SPDR Gold MiniShares Trust by 4.0% in the 3rd quarter. Moneco Advisors LLC now owns 69,239 shares of the company’s stock valued at $5,690,000 after purchasing an additional 2,654 shares during the last quarter.

SPDR Gold MiniShares Trust News Summary

Here’s some of the latest news about GLDM:

• Positive Sentiment: Central-bank purchases remain a potential source of support: China has continued adding to its gold reserves, and Standard Chartered sees a possible recovery to $4,650 an ounce by year-end. China buys gold for two straight years Standard Chartered gold outlook
• Neutral Sentiment: Some early-session bargain buying and short covering briefly supported gold after its selloff, but that rebound faded later in U.S. trading. Gold and silver rebound after CPI-driven selloff Gold falls below $4,000
• Negative Sentiment: Demand signals were also mixed in India, where gold ETF inflows dropped 22% in October after fund houses halted bulk subscriptions, potentially tempering investment demand. India’s gold ETF inflows drop 22% in October

SPDR Gold MiniShares Trust Trading Down 1.2%

Shares of SPDR Gold MiniShares Trust stock opened at $78.81 on Thursday. The stock has a 50 day moving average price of $82.64 and a 200-day moving average price of $88.46. SPDR Gold MiniShares Trust has a one year low of $76.54 and a one year high of $109.74.

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.