Duncan Williams Asset Management LLC Invests $1.80 Million in SPDR Gold MiniShares Trust $GLDM

Duncan Williams Asset Management LLC purchased a new position in SPDR Gold MiniShares Trust (NYSEARCA:GLDM) during the second quarter, Holdings Channel reports. The firm purchased 27,437 shares of the company’s stock, valued at approximately $1,798,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Northwest Capital Management Inc grew its stake in SPDR Gold MiniShares Trust by 20.2% during the first quarter. Northwest Capital Management Inc now owns 1,022 shares of the company’s stock worth $63,000 after buying an additional 172 shares in the last quarter. Financial Management Professionals Inc. lifted its position in shares of SPDR Gold MiniShares Trust by 41.7% during the 2nd quarter. Financial Management Professionals Inc. now owns 595 shares of the company’s stock worth $39,000 after buying an additional 175 shares during the last quarter. Legacy Capital Wealth Partners LLC boosted its stake in SPDR Gold MiniShares Trust by 0.6% in the first quarter. Legacy Capital Wealth Partners LLC now owns 32,769 shares of the company’s stock valued at $2,028,000 after buying an additional 201 shares in the last quarter. CWM LLC boosted its stake in SPDR Gold MiniShares Trust by 11.1% in the first quarter. CWM LLC now owns 2,120 shares of the company’s stock valued at $131,000 after buying an additional 212 shares in the last quarter. Finally, LexAurum Advisors LLC grew its position in SPDR Gold MiniShares Trust by 4.6% in the second quarter. LexAurum Advisors LLC now owns 4,996 shares of the company’s stock valued at $327,000 after acquiring an additional 219 shares during the last quarter.

SPDR Gold MiniShares Trust Price Performance

Shares of NYSEARCA GLDM opened at $76.92 on Monday. SPDR Gold MiniShares Trust has a 12 month low of $50.67 and a 12 month high of $77.13. The stock has a 50-day moving average price of $69.80 and a two-hundred day moving average price of $66.62.

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.