400,575 Shares in SPDR Gold MiniShares Trust (NYSEARCA:GLDM) Bought by NavPoint Financial Inc.

NavPoint Financial Inc. bought a new position in SPDR Gold MiniShares Trust (NYSEARCA:GLDM) in the fourth quarter, Holdings Channel.com reports. The firm bought 400,575 shares of the company’s stock, valued at approximately $16,388,000. SPDR Gold MiniShares Trust comprises about 15.0% of NavPoint Financial Inc.’s holdings, making the stock its largest position.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Sumitomo Mitsui Trust Holdings Inc. raised its stake in SPDR Gold MiniShares Trust by 6.9% in the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 15,400,000 shares of the company’s stock worth $564,564,000 after acquiring an additional 1,000,000 shares during the last quarter. Cassaday & Co Wealth Management LLC raised its stake in SPDR Gold MiniShares Trust by 0.7% in the 3rd quarter. Cassaday & Co Wealth Management LLC now owns 5,289,140 shares of the company’s stock worth $193,900,000 after acquiring an additional 38,484 shares during the last quarter. Asset Management One Co. Ltd. raised its stake in shares of SPDR Gold MiniShares Trust by 0.8% during the 4th quarter. Asset Management One Co. Ltd. now owns 3,292,468 shares of the company’s stock valued at $134,958,000 after buying an additional 26,862 shares during the last quarter. UBS Group AG raised its stake in shares of SPDR Gold MiniShares Trust by 6.3% during the 3rd quarter. UBS Group AG now owns 3,237,643 shares of the company’s stock valued at $118,692,000 after buying an additional 191,341 shares during the last quarter. Finally, Balentine LLC raised its stake in shares of SPDR Gold MiniShares Trust by 4.4% during the 3rd quarter. Balentine LLC now owns 2,910,799 shares of the company’s stock valued at $106,710,000 after buying an additional 123,019 shares during the last quarter.

SPDR Gold MiniShares Trust Stock Performance

Shares of NYSEARCA GLDM traded down $0.04 during trading on Friday, reaching $45.62. 7,635,253 shares of the company traded hands, compared to its average volume of 3,928,739. The firm’s fifty day simple moving average is $44.37 and its 200 day simple moving average is $41.47. SPDR Gold MiniShares Trust has a 12-month low of $35.99 and a 12-month high of $48.21.

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.