SPDR Gold MiniShares Trust (NYSEARCA:GLDM) Shares Sold by American Trust

American Trust reduced its stake in SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 6.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 97,781 shares of the company’s stock after selling 7,065 shares during the period. American Trust owned approximately 0.06% of SPDR Gold MiniShares Trust worth $4,507,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the stock. Hantz Financial Services Inc. purchased a new position in shares of SPDR Gold MiniShares Trust in the second quarter valued at $28,000. Family Firm Inc. acquired a new position in SPDR Gold MiniShares Trust in the 2nd quarter worth $32,000. Northwest Capital Management Inc purchased a new position in SPDR Gold MiniShares Trust in the 1st quarter valued at about $37,000. Rothschild Investment LLC acquired a new stake in shares of SPDR Gold MiniShares Trust during the second quarter valued at about $38,000. Finally, Palisade Asset Management LLC purchased a new stake in shares of SPDR Gold MiniShares Trust during the first quarter worth about $50,000.

SPDR Gold MiniShares Trust Stock Performance

Shares of NYSEARCA:GLDM opened at $52.69 on Wednesday. The company has a fifty day simple moving average of $49.60 and a 200 day simple moving average of $47.37. SPDR Gold MiniShares Trust has a 12-month low of $35.99 and a 12-month high of $53.05.

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.