Fortis Advisors LLC lowered its stake in shares of SPDR Gold MiniShares Trust (NYSEARCA:GLDM – Free Report) by 0.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 81,895 shares of the company’s stock after selling 635 shares during the quarter. SPDR Gold MiniShares Trust comprises about 2.8% of Fortis Advisors LLC’s holdings, making the stock its 10th largest position. Fortis Advisors LLC owned approximately 0.05% of SPDR Gold MiniShares Trust worth $4,258,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Barrett & Company Inc. purchased a new position in shares of SPDR Gold MiniShares Trust during the third quarter worth about $53,000. First Horizon Advisors Inc. purchased a new position in shares of SPDR Gold MiniShares Trust during the third quarter worth about $65,000. Glass Jacobson Investment Advisors llc purchased a new position in shares of SPDR Gold MiniShares Trust during the third quarter worth about $74,000. Sanctuary Wealth Management L.L.C. purchased a new position in shares of SPDR Gold MiniShares Trust during the third quarter worth about $76,000. Finally, Indiana Trust & Investment Management Co purchased a new position in shares of SPDR Gold MiniShares Trust during the third quarter worth about $104,000.
SPDR Gold MiniShares Trust Price Performance
NYSEARCA GLDM opened at $52.73 on Tuesday. SPDR Gold MiniShares Trust has a 52-week low of $39.35 and a 52-week high of $55.29. The business’s 50-day moving average price is $52.38 and its 200 day moving average price is $50.92.
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.
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