Mid American Wealth Advisory Group Inc. Buys New Shares in SPDR Gold MiniShares Trust $GLDM

Mid American Wealth Advisory Group Inc. purchased a new stake in SPDR Gold MiniShares Trust (NYSEARCA:GLDM) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 476 shares of the company’s stock, valued at approximately $31,000.

Several other institutional investors have also recently made changes to their positions in GLDM. Jane Street Group LLC bought a new position in shares of SPDR Gold MiniShares Trust in the first quarter valued at $395,321,000. Sumitomo Mitsui Trust Group Inc. raised its position in SPDR Gold MiniShares Trust by 12.3% during the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 14,596,294 shares of the company’s stock worth $903,365,000 after acquiring an additional 1,596,294 shares in the last quarter. Mizuho Bank Ltd. acquired a new stake in SPDR Gold MiniShares Trust in the first quarter valued at $68,079,000. Charles Schwab Investment Management Inc. bought a new position in shares of SPDR Gold MiniShares Trust in the 1st quarter valued at about $65,351,000. Finally, Principal Financial Group Inc. increased its stake in shares of SPDR Gold MiniShares Trust by 55.3% during the 1st quarter. Principal Financial Group Inc. now owns 2,729,216 shares of the company’s stock worth $168,911,000 after purchasing an additional 972,011 shares during the last quarter.

SPDR Gold MiniShares Trust Stock Up 3.6%

Shares of GLDM stock opened at $86.69 on Tuesday. SPDR Gold MiniShares Trust has a 52-week low of $50.67 and a 52-week high of $86.75. The firm’s 50-day moving average is $73.17 and its 200-day moving average is $68.23.

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.