Citigroup Inc. Raises Stock Position in SPDR Gold MiniShares Trust (NYSEARCA:GLDM)

Citigroup Inc. grew its holdings in shares of SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 5,727,072.7% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 1,889,967 shares of the company’s stock after acquiring an additional 1,889,934 shares during the quarter. Citigroup Inc.’s holdings in SPDR Gold MiniShares Trust were worth $98,524,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in GLDM. Cassaday & Co Wealth Management LLC bought a new position in SPDR Gold MiniShares Trust during the second quarter valued at $251,429,000. Asset Management One Co. Ltd. grew its holdings in SPDR Gold MiniShares Trust by 28.1% during the 3rd quarter. Asset Management One Co. Ltd. now owns 4,017,429 shares of the company’s stock valued at $209,429,000 after purchasing an additional 880,693 shares during the last quarter. The Manufacturers Life Insurance Company purchased a new stake in SPDR Gold MiniShares Trust in the 2nd quarter worth about $31,681,000. Nisa Investment Advisors LLC purchased a new position in shares of SPDR Gold MiniShares Trust during the second quarter valued at approximately $15,542,000. Finally, Raymond James & Associates grew its stake in shares of SPDR Gold MiniShares Trust by 78.7% during the second quarter. Raymond James & Associates now owns 664,201 shares of the company’s stock valued at $30,613,000 after buying an additional 292,512 shares during the last quarter.

SPDR Gold MiniShares Trust Trading Up 1.3 %

Shares of NYSEARCA GLDM opened at $53.62 on Friday. SPDR Gold MiniShares Trust has a fifty-two week low of $39.19 and a fifty-two week high of $55.29. The business’s 50 day moving average price is $52.73 and its 200-day moving average price is $49.37.

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.