AlphaStar Capital Management LLC Purchases New Holdings in SPDR Gold MiniShares Trust (NYSEARCA:GLDM)

AlphaStar Capital Management LLC acquired a new position in shares of SPDR Gold MiniShares Trust (NYSEARCA:GLDM) in the second quarter, according to its most recent disclosure with the SEC. The firm acquired 12,608 shares of the company’s stock, valued at approximately $581,000.

A number of other hedge funds also recently added to or reduced their stakes in GLDM. Evoke Wealth LLC raised its stake in shares of SPDR Gold MiniShares Trust by 17.0% during the fourth quarter. Evoke Wealth LLC now owns 6,355,875 shares of the company’s stock worth $260,019,000 after purchasing an additional 922,508 shares during the last quarter. UBS Group AG boosted its holdings in SPDR Gold MiniShares Trust by 2.6% in the 4th quarter. UBS Group AG now owns 3,321,862 shares of the company’s stock valued at $135,897,000 after purchasing an additional 84,219 shares in the last quarter. Balentine LLC lifted its holdings in SPDR Gold MiniShares Trust by 1.5% in the fourth quarter. Balentine LLC now owns 2,955,360 shares of the company’s stock valued at $120,904,000 after acquiring an additional 44,561 shares during the period. Alaska Permanent Fund Corp boosted its stake in shares of SPDR Gold MiniShares Trust by 1,917.7% during the first quarter. Alaska Permanent Fund Corp now owns 2,623,000 shares of the company’s stock valued at $115,543,000 after acquiring an additional 2,493,000 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. purchased a new position in shares of SPDR Gold MiniShares Trust during the 4th quarter worth $78,793,000.

SPDR Gold MiniShares Trust Price Performance

Shares of NYSEARCA:GLDM traded down $0.10 during midday trading on Tuesday, reaching $49.80. The company’s stock had a trading volume of 1,174,329 shares, compared to its average volume of 3,639,152. The business has a 50 day moving average price of $47.69 and a 200 day moving average price of $45.66. SPDR Gold MiniShares Trust has a 1 year low of $35.99 and a 1 year high of $50.18.

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.