Wallace Advisory Group LLC Raises Holdings in SPDR Gold MiniShares Trust $GLDM

Wallace Advisory Group LLC increased its stake in SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 21.8% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 35,750 shares of the company’s stock after buying an additional 6,395 shares during the period. SPDR Gold MiniShares Trust accounts for about 2.1% of Wallace Advisory Group LLC’s holdings, making the stock its 7th largest holding. Wallace Advisory Group LLC’s holdings in SPDR Gold MiniShares Trust were worth $2,733,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Farther Finance Advisors LLC increased its stake in SPDR Gold MiniShares Trust by 5.5% during the 3rd quarter. Farther Finance Advisors LLC now owns 541,467 shares of the company’s stock valued at $41,395,000 after purchasing an additional 28,037 shares in the last quarter. Orion Porfolio Solutions LLC lifted its stake in shares of SPDR Gold MiniShares Trust by 34.2% in the second quarter. Orion Porfolio Solutions LLC now owns 38,148 shares of the company’s stock worth $2,499,000 after buying an additional 9,732 shares in the last quarter. Rosenberg Matthew Hamilton grew its holdings in shares of SPDR Gold MiniShares Trust by 13.0% during the second quarter. Rosenberg Matthew Hamilton now owns 2,162 shares of the company’s stock valued at $142,000 after buying an additional 249 shares during the last quarter. American National Bank of Texas bought a new stake in shares of SPDR Gold MiniShares Trust during the third quarter valued at approximately $3,493,000. Finally, Allworth Financial LP increased its position in shares of SPDR Gold MiniShares Trust by 868.9% during the second quarter. Allworth Financial LP now owns 25,656 shares of the company’s stock valued at $1,681,000 after acquiring an additional 23,008 shares in the last quarter.

SPDR Gold MiniShares Trust Stock Down 0.3%

GLDM stock opened at $88.70 on Friday. The stock’s 50 day simple moving average is $82.54 and its 200 day simple moving average is $74.08. SPDR Gold MiniShares Trust has a 12-month low of $51.43 and a 12-month high of $89.04.

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.