Quantum Financial Advisors LLC lifted its stake in shares of SPDR Gold MiniShares Trust (NYSEARCA:GLDM – Free Report) by 10.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 100,325 shares of the company’s stock after acquiring an additional 9,581 shares during the quarter. SPDR Gold MiniShares Trust accounts for 0.9% of Quantum Financial Advisors LLC’s portfolio, making the stock its 23rd largest holding. Quantum Financial Advisors LLC’s holdings in SPDR Gold MiniShares Trust were worth $7,670,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds have also modified their holdings of GLDM. ORG Partners LLC purchased a new position in SPDR Gold MiniShares Trust in the 2nd quarter worth about $28,000. Mid American Wealth Advisory Group Inc. acquired a new position in SPDR Gold MiniShares Trust in the 2nd quarter worth approximately $31,000. Atlantic Union Bankshares Corp purchased a new position in SPDR Gold MiniShares Trust during the 2nd quarter worth approximately $31,000. Family Legacy Financial Solutions LLC purchased a new stake in shares of SPDR Gold MiniShares Trust in the third quarter valued at $36,000. Finally, Beacon Capital Management LLC acquired a new stake in shares of SPDR Gold MiniShares Trust in the second quarter worth $38,000.
SPDR Gold MiniShares Trust Trading Up 0.8%
Shares of GLDM stock opened at $85.92 on Thursday. SPDR Gold MiniShares Trust has a 1-year low of $51.24 and a 1-year high of $86.75. The stock’s fifty day simple moving average is $81.83 and its 200-day simple moving average is $73.24.
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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