Kendall Capital Management Sells 1,271 Shares of SPDR Gold MiniShares Trust (NYSEARCA:GLDM)

Kendall Capital Management trimmed its position in shares of SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 6.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,347 shares of the company’s stock after selling 1,271 shares during the quarter. Kendall Capital Management’s holdings in SPDR Gold MiniShares Trust were worth $902,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in GLDM. Beckerman Institutional LLC bought a new stake in SPDR Gold MiniShares Trust in the 3rd quarter valued at $3,210,000. SpiderRock Advisors LLC bought a new stake in SPDR Gold MiniShares Trust in the 3rd quarter valued at $741,000. Holistic Planning LLC bought a new stake in SPDR Gold MiniShares Trust in the 3rd quarter valued at $272,000. Verdence Capital Advisors LLC lifted its position in SPDR Gold MiniShares Trust by 11.3% in the 3rd quarter. Verdence Capital Advisors LLC now owns 9,300 shares of the company’s stock valued at $485,000 after acquiring an additional 944 shares in the last quarter. Finally, Avid Wealth Partners LLC lifted its position in SPDR Gold MiniShares Trust by 3.5% in the 3rd quarter. Avid Wealth Partners LLC now owns 165,131 shares of the company’s stock valued at $8,608,000 after acquiring an additional 5,583 shares in the last quarter.

SPDR Gold MiniShares Trust Trading Up 0.1 %

Shares of GLDM stock opened at $57.65 on Friday. SPDR Gold MiniShares Trust has a 1 year low of $42.60 and a 1 year high of $58.47. The firm’s fifty day moving average price is $55.46 and its two-hundred day moving average price is $53.26.

SPDR Gold MiniShares Trust Company 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.