China Universal Asset Management Co. Ltd. lifted its stake in shares of SPDR Gold MiniShares Trust (NYSEARCA:GLDM – Free Report) by 41.0% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 189,200 shares of the company’s stock after purchasing an additional 55,000 shares during the quarter. SPDR Gold MiniShares Trust comprises about 1.2% of China Universal Asset Management Co. Ltd.’s investment portfolio, making the stock its 16th largest position. China Universal Asset Management Co. Ltd. owned approximately 0.08% of SPDR Gold MiniShares Trust worth $12,396,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also recently made changes to their positions in GLDM. Jane Street Group LLC acquired a new position in SPDR Gold MiniShares Trust during the first quarter worth about $395,321,000. Empower Advisory Group LLC acquired a new stake in shares of SPDR Gold MiniShares Trust during the 2nd quarter valued at approximately $336,022,000. Mizuho Bank Ltd. purchased a new stake in shares of SPDR Gold MiniShares Trust during the 1st quarter worth approximately $68,079,000. 3EDGE Asset Management LP grew its holdings in shares of SPDR Gold MiniShares Trust by 43.0% in the 2nd quarter. 3EDGE Asset Management LP now owns 2,211,620 shares of the company’s stock worth $144,905,000 after acquiring an additional 664,523 shares during the period. Finally, Corient Private Wealth LLC grew its holdings in shares of SPDR Gold MiniShares Trust by 3,304.3% in the 2nd quarter. Corient Private Wealth LLC now owns 637,414 shares of the company’s stock worth $41,763,000 after acquiring an additional 618,690 shares during the period.
SPDR Gold MiniShares Trust Stock Up 0.6%
Shares of GLDM stock opened at $85.10 on Friday. The stock has a fifty day moving average price of $81.44 and a 200 day moving average price of $72.82. SPDR Gold MiniShares Trust has a 1 year low of $51.24 and a 1 year high of $86.75.
About SPDR Gold MiniShares Trust
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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