Cardinal Strategic Wealth Guidance Buys 45,705 Shares of SPDR Gold MiniShares Trust $GLDM

Cardinal Strategic Wealth Guidance boosted its stake in shares of SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 56.7% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 126,347 shares of the company’s stock after purchasing an additional 45,705 shares during the quarter. SPDR Gold MiniShares Trust comprises 2.4% of Cardinal Strategic Wealth Guidance’s portfolio, making the stock its 10th biggest holding. Cardinal Strategic Wealth Guidance’s holdings in SPDR Gold MiniShares Trust were worth $8,278,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in GLDM. GAMMA Investing LLC acquired a new position in SPDR Gold MiniShares Trust during the first quarter worth about $1,823,000. Parallel Advisors LLC grew its position in SPDR Gold MiniShares Trust by 18,928.6% during the first quarter. Parallel Advisors LLC now owns 1,332 shares of the company’s stock worth $82,000 after buying an additional 1,325 shares during the period. Merit Financial Group LLC grew its position in SPDR Gold MiniShares Trust by 8.4% during the first quarter. Merit Financial Group LLC now owns 36,049 shares of the company’s stock worth $2,231,000 after buying an additional 2,782 shares during the period. MKT Advisors LLC acquired a new position in SPDR Gold MiniShares Trust during the first quarter worth about $377,000. Finally, Eagle Rock Investment Company LLC acquired a new position in SPDR Gold MiniShares Trust during the first quarter worth about $1,028,000.

SPDR Gold MiniShares Trust Stock Performance

Shares of GLDM opened at $76.92 on Friday. The firm’s 50-day moving average is $69.80 and its two-hundred day moving average is $66.53. SPDR Gold MiniShares Trust has a twelve month low of $50.67 and a twelve month high of $77.13.

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.