Cassaday & Co Wealth Management LLC Acquires Shares of 5,455,177 SPDR Gold MiniShares Trust (NYSEARCA:GLDM)

Cassaday & Co Wealth Management LLC acquired a new stake in SPDR Gold MiniShares Trust (NYSEARCA:GLDM) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 5,455,177 shares of the company’s stock, valued at approximately $251,429,000. SPDR Gold MiniShares Trust comprises approximately 7.9% of Cassaday & Co Wealth Management LLC’s holdings, making the stock its 2nd largest position.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in GLDM. Strategic Financial Services Inc lifted its position in shares of SPDR Gold MiniShares Trust by 47.1% during the fourth quarter. Strategic Financial Services Inc now owns 1,501,243 shares of the company’s stock worth $61,416,000 after purchasing an additional 480,518 shares during the last quarter. MONECO Advisors LLC acquired a new stake in SPDR Gold MiniShares Trust during the second quarter worth about $242,000. Foundations Investment Advisors LLC acquired a new stake in SPDR Gold MiniShares Trust during the fourth quarter worth about $778,000. Heritage Wealth Advisors acquired a new stake in SPDR Gold MiniShares Trust during the fourth quarter worth about $359,000. Finally, Raymond James Financial Services Advisors Inc. increased its stake in shares of SPDR Gold MiniShares Trust by 1.9% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 407,243 shares of the company’s stock valued at $18,770,000 after purchasing an additional 7,671 shares during the period.

SPDR Gold MiniShares Trust Price Performance

Shares of NYSEARCA:GLDM traded down $0.36 during trading hours on Friday, hitting $49.59. The stock had a trading volume of 3,244,791 shares, compared to its average volume of 3,626,045. The stock’s fifty day simple moving average is $47.98 and its 200 day simple moving average is $45.86. 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.