SPDR Gold MiniShares Trust (NYSEARCA:GLDM) Shares Bought by Encompass More Asset Management

Encompass More Asset Management grew its stake in SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 75.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 149,513 shares of the company’s stock after buying an additional 64,451 shares during the period. SPDR Gold MiniShares Trust accounts for about 3.0% of Encompass More Asset Management’s holdings, making the stock its 4th biggest holding. Encompass More Asset Management owned 0.10% of SPDR Gold MiniShares Trust worth $7,794,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Hantz Financial Services Inc. bought a new position in SPDR Gold MiniShares Trust in the second quarter worth approximately $28,000. Family Firm Inc. purchased a new stake in shares of SPDR Gold MiniShares Trust in the second quarter worth approximately $32,000. Rothschild Investment LLC purchased a new stake in shares of SPDR Gold MiniShares Trust in the second quarter worth approximately $38,000. Barrett & Company Inc. purchased a new stake in shares of SPDR Gold MiniShares Trust in the third quarter worth approximately $53,000. Finally, First Horizon Advisors Inc. purchased a new stake in shares of SPDR Gold MiniShares Trust in the third quarter worth approximately $65,000.

SPDR Gold MiniShares Trust Price Performance

Shares of SPDR Gold MiniShares Trust stock opened at $52.70 on Friday. SPDR Gold MiniShares Trust has a 52 week low of $39.19 and a 52 week high of $55.29. The business has a 50 day moving average price of $52.89 and a 200-day moving average price of $49.63.

SPDR Gold MiniShares Trust Company 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.