Copley Financial Group Inc. Purchases Shares of 138,685 SPDR Gold MiniShares Trust (NYSEARCA:GLDM)

Copley Financial Group Inc. acquired a new position in SPDR Gold MiniShares Trust (NYSEARCA:GLDM) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 138,685 shares of the company’s stock, valued at approximately $7,230,000. SPDR Gold MiniShares Trust comprises about 6.6% of Copley Financial Group Inc.’s holdings, making the stock its 3rd largest holding.

Other large investors have also recently modified their holdings of the company. Hantz Financial Services Inc. acquired a new stake in SPDR Gold MiniShares Trust in the second quarter valued at approximately $28,000. Family Firm Inc. acquired a new stake in shares of SPDR Gold MiniShares Trust in the 2nd quarter worth $32,000. Rothschild Investment LLC purchased a new position in SPDR Gold MiniShares Trust during the 2nd quarter worth $38,000. Barrett & Company Inc. acquired a new position in SPDR Gold MiniShares Trust during the 3rd quarter valued at about $53,000. Finally, First Horizon Advisors Inc. purchased a new stake in SPDR Gold MiniShares Trust in the third quarter valued at about $65,000.

SPDR Gold MiniShares Trust Stock Performance

Shares of GLDM traded down $0.43 during mid-day trading on Friday, hitting $52.67. 483,636 shares of the company traded hands, compared to its average volume of 3,569,282. The business has a 50 day moving average of $52.91 and a 200 day moving average of $49.98. SPDR Gold MiniShares Trust has a 1-year low of $39.35 and a 1-year high of $55.29.

About SPDR Gold MiniShares Trust

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.