Leo Wealth LLC Invests $1.15 Million in SPDR Gold MiniShares Trust (NYSEARCA:GLDM)

Leo Wealth LLC acquired a new stake in shares of SPDR Gold MiniShares Trust (NYSEARCA:GLDM) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 27,986 shares of the company’s stock, valued at approximately $1,146,000.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Richardson Financial Services Inc. acquired a new position in SPDR Gold MiniShares Trust in the fourth quarter valued at approximately $256,000. Pineridge Advisors LLC purchased a new stake in SPDR Gold MiniShares Trust during the fourth quarter worth $24,197,000. Austin Wealth Management LLC purchased a new position in SPDR Gold MiniShares Trust in the fourth quarter valued at $8,860,000. Nepc LLC acquired a new position in shares of SPDR Gold MiniShares Trust in the fourth quarter worth about $15,623,000. Finally, Hobbs Group Advisors LLC purchased a new stake in shares of SPDR Gold MiniShares Trust during the 4th quarter worth about $4,055,000.

SPDR Gold MiniShares Trust Stock Performance

NYSEARCA:GLDM opened at $45.98 on Tuesday. SPDR Gold MiniShares Trust has a 52 week low of $35.99 and a 52 week high of $48.33. The stock’s 50-day moving average price is $46.47 and its 200-day moving average price is $43.07.

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.