Burt Wealth Advisors cut its position in shares of SPDR Gold MiniShares Trust (NYSEARCA:GLDM – Free Report) by 1.0% during the fourth quarter, Holdings Channel reports. The institutional investor owned 549,192 shares of the company’s stock after selling 5,303 shares during the quarter. SPDR Gold MiniShares Trust comprises 7.2% of Burt Wealth Advisors’ holdings, making the stock its 4th biggest position. Burt Wealth Advisors’ holdings in SPDR Gold MiniShares Trust were worth $28,552,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in GLDM. First Community Trust NA acquired a new position in shares of SPDR Gold MiniShares Trust in the 4th quarter valued at $43,000. First Horizon Advisors Inc. acquired a new position in SPDR Gold MiniShares Trust in the third quarter worth about $65,000. Glass Jacobson Investment Advisors llc bought a new position in SPDR Gold MiniShares Trust during the third quarter worth about $74,000. Sanctuary Wealth Management L.L.C. acquired a new stake in SPDR Gold MiniShares Trust during the third quarter valued at approximately $76,000. Finally, Stonebridge Financial Group LLC bought a new stake in shares of SPDR Gold MiniShares Trust in the 4th quarter valued at approximately $89,000.
SPDR Gold MiniShares Trust Stock Performance
SPDR Gold MiniShares Trust stock opened at $57.27 on Tuesday. The business has a 50 day simple moving average of $54.88 and a 200 day simple moving average of $53.00. SPDR Gold MiniShares Trust has a one year low of $41.52 and a one year high of $58.47.
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.
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Want to see what other hedge funds are holding GLDM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SPDR Gold MiniShares Trust (NYSEARCA:GLDM – Free Report).
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