Confluence Investment Management LLC grew its position in SPDR Gold MiniShares Trust (NYSEARCA:GLDM – Free Report) by 11.8% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 525,606 shares of the company’s stock after acquiring an additional 55,411 shares during the period. Confluence Investment Management LLC’s holdings in SPDR Gold MiniShares Trust were worth $34,438,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Johnson Investment Counsel Inc. acquired a new position in shares of SPDR Gold MiniShares Trust in the 1st quarter valued at $240,000. GAMMA Investing LLC acquired a new position in shares of SPDR Gold MiniShares Trust in the 1st quarter valued at $29,000. Kestra Private Wealth Services LLC grew its holdings in shares of SPDR Gold MiniShares Trust by 4.8% in the 1st quarter. Kestra Private Wealth Services LLC now owns 43,827 shares of the company’s stock valued at $2,712,000 after buying an additional 2,018 shares during the period. Sowell Financial Services LLC acquired a new position in shares of SPDR Gold MiniShares Trust in the 1st quarter valued at $306,000. Finally, Wedbush Securities Inc. acquired a new position in shares of SPDR Gold MiniShares Trust in the 1st quarter valued at $209,000.
SPDR Gold MiniShares Trust Price Performance
Shares of GLDM stock opened at $72.16 on Friday. SPDR Gold MiniShares Trust has a 12-month low of $50.48 and a 12-month high of $72.76. The firm has a fifty day moving average of $67.37 and a 200-day moving average of $64.83.
About SPDR Gold MiniShares Trust
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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