Motiv8 Investments LLC Has $3.57 Million Holdings in SPDR Gold MiniShares Trust $GLDM

Motiv8 Investments LLC decreased its position in shares of SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 22.5% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 54,453 shares of the company’s stock after selling 15,827 shares during the period. SPDR Gold MiniShares Trust comprises about 2.2% of Motiv8 Investments LLC’s investment portfolio, making the stock its 11th largest holding. Motiv8 Investments LLC’s holdings in SPDR Gold MiniShares Trust were worth $3,568,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of GLDM. Sumitomo Mitsui Trust Group Inc. increased its holdings in SPDR Gold MiniShares Trust by 12.3% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 14,596,294 shares of the company’s stock valued at $903,365,000 after purchasing an additional 1,596,294 shares in the last quarter. Jane Street Group LLC bought a new stake in shares of SPDR Gold MiniShares Trust during the first quarter worth $395,321,000. Asset Management One Co. Ltd. increased its stake in shares of SPDR Gold MiniShares Trust by 7.0% in the first quarter. Asset Management One Co. Ltd. now owns 4,004,390 shares of the company’s stock valued at $247,832,000 after buying an additional 261,613 shares in the last quarter. Principal Financial Group Inc. raised its holdings in shares of SPDR Gold MiniShares Trust by 55.3% in the first 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 during the last quarter. Finally, LPL Financial LLC raised its holdings in shares of SPDR Gold MiniShares Trust by 23.6% in the first quarter. LPL Financial LLC now owns 2,715,752 shares of the company’s stock valued at $168,078,000 after buying an additional 518,772 shares during the last quarter.

SPDR Gold MiniShares Trust Price Performance

Shares of NYSEARCA:GLDM opened at $76.92 on Monday. SPDR Gold MiniShares Trust has a 12 month low of $50.67 and a 12 month high of $77.13. The company’s 50-day moving average price is $69.80 and its two-hundred day moving average price is $66.62.

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.