Valmark Advisers Inc. Boosts Holdings in SPDR Gold MiniShares Trust $GLDM

Valmark Advisers Inc. grew its position in shares of SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 24.8% during the second quarter, HoldingsChannel reports. The firm owned 29,509 shares of the company’s stock after buying an additional 5,860 shares during the period. Valmark Advisers Inc.’s holdings in SPDR Gold MiniShares Trust were worth $1,933,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in GLDM. ORG Partners LLC purchased a new stake in shares of SPDR Gold MiniShares Trust during the second quarter valued at approximately $28,000. GAMMA Investing LLC bought a new stake in shares of SPDR Gold MiniShares Trust in the first quarter worth $29,000. PSI Advisors LLC increased its stake in shares of SPDR Gold MiniShares Trust by 102.6% in the first quarter. PSI Advisors LLC now owns 472 shares of the company’s stock worth $29,000 after buying an additional 239 shares during the last quarter. Asset Planning Inc bought a new stake in shares of SPDR Gold MiniShares Trust in the first quarter worth $29,000. Finally, Beacon Capital Management LLC bought a new stake in shares of SPDR Gold MiniShares Trust in the second quarter worth $38,000.

SPDR Gold MiniShares Trust Stock Performance

Shares of NYSEARCA:GLDM opened at $80.09 on Thursday. The company has a fifty day simple moving average of $70.62 and a 200 day simple moving average of $66.93. SPDR Gold MiniShares Trust has a 12-month low of $50.67 and a 12-month high of $80.36.

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.