Bangor Savings Bank increased its position in SPDR Gold MiniShares Trust (NYSEARCA:GLDM – Free Report) by 2.3% in the 2nd quarter, HoldingsChannel reports. The fund owned 424,871 shares of the company’s stock after buying an additional 9,675 shares during the quarter. SPDR Gold MiniShares Trust makes up about 2.5% of Bangor Savings Bank’s holdings, making the stock its 12th largest holding. Bangor Savings Bank’s holdings in SPDR Gold MiniShares Trust were worth $27,838,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. PSI Advisors LLC increased its holdings in SPDR Gold MiniShares Trust by 102.6% in the 1st quarter. PSI Advisors LLC now owns 472 shares of the company’s stock worth $29,000 after acquiring an additional 239 shares in the last quarter. Asset Planning Inc purchased a new stake in SPDR Gold MiniShares Trust in the 1st quarter worth approximately $29,000. GAMMA Investing LLC purchased a new stake in SPDR Gold MiniShares Trust during the 1st quarter valued at approximately $29,000. Studio Investment Management LLC purchased a new stake in SPDR Gold MiniShares Trust during the 4th quarter valued at approximately $36,000. Finally, Silver Oak Securities Incorporated purchased a new stake in SPDR Gold MiniShares Trust during the 1st quarter valued at approximately $49,000.
SPDR Gold MiniShares Trust Stock Up 0.2%
Shares of GLDM opened at $72.16 on Friday. SPDR Gold MiniShares Trust has a 1 year low of $50.48 and a 1 year high of $72.76. The company has a 50 day simple moving average of $67.37 and a two-hundred day simple moving average of $64.88.
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.
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Want to see what other hedge funds are holding GLDM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SPDR Gold MiniShares Trust (NYSEARCA:GLDM – Free Report).
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