SPDR Gold MiniShares Trust (NYSEARCA:GLDM) is Wallace Advisory Group LLC’s 6th Largest Position

Wallace Advisory Group LLC reduced its holdings in shares of SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 1.2% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 58,416 shares of the company’s stock after selling 732 shares during the period. SPDR Gold MiniShares Trust accounts for 2.2% of Wallace Advisory Group LLC’s portfolio, making the stock its 6th biggest position. Wallace Advisory Group LLC’s holdings in SPDR Gold MiniShares Trust were worth $3,045,000 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 GLDM. Cassaday & Co Wealth Management LLC acquired a new stake in SPDR Gold MiniShares Trust in the second quarter worth $251,429,000. Alaska Permanent Fund Corp increased its position in SPDR Gold MiniShares Trust by 1,917.7% in the first quarter. Alaska Permanent Fund Corp now owns 2,623,000 shares of the company’s stock worth $115,543,000 after buying an additional 2,493,000 shares during the period. The Manufacturers Life Insurance Company acquired a new stake in SPDR Gold MiniShares Trust in the second quarter worth $31,681,000. Van ECK Associates Corp increased its position in SPDR Gold MiniShares Trust by 10,912.7% in the first quarter. Van ECK Associates Corp now owns 659,993 shares of the company’s stock worth $29,073,000 after buying an additional 654,000 shares during the period. Finally, Benjamin F. Edwards & Company Inc. increased its position in SPDR Gold MiniShares Trust by 84.9% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 1,385,815 shares of the company’s stock worth $61,046,000 after buying an additional 636,287 shares during the period.

SPDR Gold MiniShares Trust Trading Down 0.2 %

Shares of NYSEARCA:GLDM traded down $0.11 on Friday, hitting $52.54. The company’s stock had a trading volume of 3,306,816 shares, compared to its average volume of 3,701,251. SPDR Gold MiniShares Trust has a 12 month low of $35.99 and a 12 month high of $53.05. The stock’s 50-day moving average is $50.03 and its two-hundred day moving average is $47.58.

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.