Genesis Wealth Advisors LLC Purchases Shares of 73,022 SPDR Gold MiniShares Trust (NYSEARCA:GLDM)

Genesis Wealth Advisors LLC purchased a new stake in SPDR Gold MiniShares Trust (NYSEARCA:GLDM) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 73,022 shares of the company’s stock, valued at approximately $3,796,000. SPDR Gold MiniShares Trust makes up about 3.3% of Genesis Wealth Advisors LLC’s investment portfolio, making the stock its 8th largest holding.

Several other institutional investors and hedge funds also recently modified their holdings of the business. First Community Trust NA acquired a new position in shares of SPDR Gold MiniShares Trust in the fourth quarter valued at approximately $43,000. Barrett & Company Inc. acquired a new position in SPDR Gold MiniShares Trust during the third quarter worth approximately $53,000. First Horizon Advisors Inc. acquired a new position in SPDR Gold MiniShares Trust during the third quarter worth approximately $65,000. Glass Jacobson Investment Advisors llc acquired a new position in SPDR Gold MiniShares Trust during the third quarter worth approximately $74,000. Finally, Sanctuary Wealth Management L.L.C. acquired a new position in SPDR Gold MiniShares Trust during the third quarter worth approximately $76,000.

SPDR Gold MiniShares Trust Stock Down 0.1 %

Shares of GLDM stock opened at $58.14 on Monday. SPDR Gold MiniShares Trust has a one year low of $40.06 and a one year high of $58.37. The company has a 50 day moving average price of $54.33 and a 200 day moving average price of $52.68.

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.