Team Financial Group LLC Boosts Stock Position in SPDR Gold MiniShares Trust (NYSEARCA:GLDM)

by · The Cerbat Gem

Team Financial Group LLC grew its stake in shares of SPDR Gold MiniShares Trust (NYSEARCA:GLDM – Free Report) by 5.5% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 73,327 shares of the company’s stock after purchasing an additional 3,806 shares during the quarter. SPDR Gold MiniShares Trust makes up approximately 2.4% of Team Financial Group LLC’s investment portfolio, making the stock its 11th largest position. Team Financial Group LLC’s holdings in SPDR Gold MiniShares Trust were worth $3,823,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the stock. Cassaday & Co Wealth Management LLC purchased a new position in SPDR Gold MiniShares Trust during the 2nd quarter worth $251,429,000. The Manufacturers Life Insurance Company purchased a new position in shares of SPDR Gold MiniShares Trust during the second quarter valued at $31,681,000. Van ECK Associates Corp increased its stake in shares of SPDR Gold MiniShares Trust by 10,912.7% during the first quarter. Van ECK Associates Corp now owns 659,993 shares of the company’s stock valued at $29,073,000 after buying an additional 654,000 shares during the period. Sentinel Pension Advisors Inc. bought a new stake in shares of SPDR Gold MiniShares Trust in the first quarter valued at about $17,945,000. Finally, Sei Investments Co. lifted its stake in SPDR Gold MiniShares Trust by 173.7% in the first quarter. Sei Investments Co. now owns 570,572 shares of the company’s stock worth $25,134,000 after acquiring an additional 362,121 shares during the period.

SPDR Gold MiniShares Trust Price Performance

NYSEARCA GLDM opened at $54.35 on Friday. SPDR Gold MiniShares Trust has a one year low of $38.32 and a one year high of $54.47. The company’s 50-day simple moving average is $51.50 and its two-hundred day simple moving average is $48.51.

SPDR Gold MiniShares Trust Profile

(Free Report)

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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