SNS Financial Group LLC Has $23.90 Million Position in SPDR Gold MiniShares Trust (NYSEARCA:GLDM)

SNS Financial Group LLC increased its stake in SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 0.9% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 518,539 shares of the company’s stock after purchasing an additional 4,732 shares during the quarter. SPDR Gold MiniShares Trust makes up 2.6% of SNS Financial Group LLC’s investment portfolio, making the stock its 15th largest holding. SNS Financial Group LLC owned approximately 0.33% of SPDR Gold MiniShares Trust worth $23,899,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Family Firm Inc. acquired a new stake in SPDR Gold MiniShares Trust in the 2nd quarter worth approximately $32,000. Northwest Capital Management Inc acquired a new position in shares of SPDR Gold MiniShares Trust during the first quarter worth approximately $37,000. Headlands Technologies LLC acquired a new position in shares of SPDR Gold MiniShares Trust during the fourth quarter worth approximately $39,000. Palisade Asset Management LLC acquired a new position in shares of SPDR Gold MiniShares Trust during the first quarter worth approximately $50,000. Finally, Fortitude Family Office LLC lifted its holdings in shares of SPDR Gold MiniShares Trust by 64.4% during the first quarter. Fortitude Family Office LLC now owns 1,605 shares of the company’s stock worth $71,000 after buying an additional 629 shares during the last quarter.

SPDR Gold MiniShares Trust Stock Up 1.1 %

Shares of GLDM stock traded up $0.56 during trading hours on Friday, reaching $49.76. 4,020,264 shares of the company’s stock were exchanged, compared to its average volume of 3,662,293. SPDR Gold MiniShares Trust has a fifty-two week low of $35.99 and a fifty-two week high of $50.18. The business has a fifty day moving average price of $47.62 and a 200-day moving average price of $45.56.

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.