Beacon Financial Advisory LLC Purchases 366 Shares of SPDR Gold MiniShares Trust $GLDM

Beacon Financial Advisory LLC raised its position in shares of SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 6.6% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 5,938 shares of the company’s stock after buying an additional 366 shares during the quarter. Beacon Financial Advisory LLC’s holdings in SPDR Gold MiniShares Trust were worth $389,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Jane Street Group LLC acquired a new stake in SPDR Gold MiniShares Trust in the first quarter valued at approximately $395,321,000. Sumitomo Mitsui Trust Group Inc. boosted its position in shares of SPDR Gold MiniShares Trust by 12.3% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 14,596,294 shares of the company’s stock worth $903,365,000 after purchasing an additional 1,596,294 shares in the last quarter. Mizuho Bank Ltd. purchased a new position in SPDR Gold MiniShares Trust during the 1st quarter worth $68,079,000. Charles Schwab Investment Management Inc. acquired a new position in SPDR Gold MiniShares Trust during the 1st quarter valued at about $65,351,000. Finally, Principal Financial Group Inc. increased its position in SPDR Gold MiniShares Trust by 55.3% during the 1st quarter. Principal Financial Group Inc. now owns 2,729,216 shares of the company’s stock valued at $168,911,000 after buying an additional 972,011 shares in the last quarter.

SPDR Gold MiniShares Trust Trading Up 0.8%

SPDR Gold MiniShares Trust stock opened at $76.92 on Monday. The stock has a 50-day moving average of $69.80 and a two-hundred day moving average of $66.62. SPDR Gold MiniShares Trust has a one year low of $50.67 and a one year high of $77.13.

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.