MBL Wealth LLC Cuts Stake in SPDR Gold MiniShares Trust $GLDM

MBL Wealth LLC lessened its holdings in shares of SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 10.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 510,400 shares of the company’s stock after selling 60,460 shares during the period. SPDR Gold MiniShares Trust accounts for about 3.2% of MBL Wealth LLC’s investment portfolio, making the stock its 7th biggest holding. MBL Wealth LLC owned 0.21% of SPDR Gold MiniShares Trust worth $33,441,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Kraematon Investment Advisors Inc. raised its holdings in SPDR Gold MiniShares Trust by 0.9% during the second quarter. Kraematon Investment Advisors Inc. now owns 59,204 shares of the company’s stock worth $3,879,000 after purchasing an additional 557 shares in the last quarter. Quent Capital LLC raised its holdings in SPDR Gold MiniShares Trust by 10.4% during the second quarter. Quent Capital LLC now owns 147,096 shares of the company’s stock worth $9,638,000 after purchasing an additional 13,824 shares in the last quarter. Cardinal Strategic Wealth Guidance raised its holdings in SPDR Gold MiniShares Trust by 56.7% during the second quarter. Cardinal Strategic Wealth Guidance now owns 126,347 shares of the company’s stock worth $8,278,000 after purchasing an additional 45,705 shares in the last quarter. Ameritas Advisory Services LLC bought a new stake in SPDR Gold MiniShares Trust during the second quarter worth approximately $2,763,000. Finally, Synergy Asset Management LLC bought a new stake in SPDR Gold MiniShares Trust during the second quarter worth approximately $1,443,000.

SPDR Gold MiniShares Trust Price Performance

Shares of NYSEARCA:GLDM opened at $76.92 on Friday. SPDR Gold MiniShares Trust has a 12 month low of $50.67 and a 12 month high of $77.13. The stock’s 50 day moving average price is $69.80 and its 200 day moving average price is $66.58.

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.