China Universal Asset Management Co. Ltd. boosted its holdings in shares of SPDR Gold MiniShares Trust (NYSEARCA:GLDM – Free Report) by 90.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 179,200 shares of the company’s stock after buying an additional 85,000 shares during the quarter. SPDR Gold MiniShares Trust makes up about 0.9% of China Universal Asset Management Co. Ltd.’s investment portfolio, making the stock its 21st largest holding. China Universal Asset Management Co. Ltd. owned approximately 0.12% of SPDR Gold MiniShares Trust worth $9,317,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. First Community Trust NA purchased a new stake in SPDR Gold MiniShares Trust in the 4th quarter worth $43,000. Barrett & Company Inc. bought a new position in SPDR Gold MiniShares Trust during the 3rd quarter valued at about $53,000. First Horizon Advisors Inc. purchased a new stake in SPDR Gold MiniShares Trust in the third quarter worth $65,000. Glass Jacobson Investment Advisors llc bought a new stake in shares of SPDR Gold MiniShares Trust during the third quarter worth $74,000. Finally, Sanctuary Wealth Management L.L.C. purchased a new stake in shares of SPDR Gold MiniShares Trust during the third quarter valued at $76,000.
SPDR Gold MiniShares Trust Price Performance
Shares of GLDM stock opened at $55.48 on Friday. SPDR Gold MiniShares Trust has a 52-week low of $39.35 and a 52-week high of $55.81. The company’s 50 day moving average is $52.90 and its 200 day moving average is $51.62.
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.
Further Reading
- Five stocks we like better than SPDR Gold MiniShares Trust
- Breakout Stocks: What They Are and How to Identify Them
- ServiceNow Stock Slips, But AI Expansion Signals Long-Term Gains
- Best Aerospace Stocks Investing
- Microsoft and Meta’s AI Investment Plans Are Full Steam Ahead
- What Does a Gap Up Mean in Stocks? How to Play the Gap
- Beyond Self-Driving Cars: Factory Automation Takes Center Stage
Want to see what other hedge funds are holding GLDM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SPDR Gold MiniShares Trust (NYSEARCA:GLDM – Free Report).
Receive News & Ratings for SPDR Gold MiniShares Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SPDR Gold MiniShares Trust and related companies with MarketBeat.com's FREE daily email newsletter.
