Kaufman Rossin Wealth LLC Takes $684,000 Position in SPDR Gold MiniShares Trust (NYSEARCA:GLDM)

Kaufman Rossin Wealth LLC acquired a new position in shares of SPDR Gold MiniShares Trust (NYSEARCA:GLDM) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 13,150 shares of the company’s stock, valued at approximately $684,000. SPDR Gold MiniShares Trust accounts for about 0.7% of Kaufman Rossin Wealth LLC’s portfolio, making the stock its 20th largest holding.

Several other institutional investors have also made changes to their positions in the business. Valicenti Advisory Services Inc. grew its position in SPDR Gold MiniShares Trust by 4.2% in the fourth quarter. Valicenti Advisory Services Inc. now owns 28,394 shares of the company’s stock valued at $1,476,000 after acquiring an additional 1,138 shares during the period. Mayflower Financial Advisors LLC bought a new position in shares of SPDR Gold MiniShares Trust during the fourth quarter valued at $911,000. Spectrum Planning & Advisory Services Inc. acquired a new stake in shares of SPDR Gold MiniShares Trust in the 4th quarter valued at $677,000. Patriot Financial Group Insurance Agency LLC bought a new stake in shares of SPDR Gold MiniShares Trust in the 4th quarter worth about $280,000. Finally, Stapp Wealth Management Pllc increased its position in shares of SPDR Gold MiniShares Trust by 0.6% during the 4th quarter. Stapp Wealth Management Pllc now owns 109,405 shares of the company’s stock worth $5,688,000 after purchasing an additional 656 shares in the last quarter.

SPDR Gold MiniShares Trust Stock Performance

NYSEARCA:GLDM opened at $54.58 on Thursday. SPDR Gold MiniShares Trust has a 12 month low of $39.35 and a 12 month high of $55.29. The company’s 50-day moving average price is $52.81 and its two-hundred day moving average price is $51.55.

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.