IFG Advisory LLC Raises Stock Holdings in SPDR Gold MiniShares Trust $GLDM

IFG Advisory LLC increased its position in SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 97.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 18,127 shares of the company’s stock after purchasing an additional 8,937 shares during the period. IFG Advisory LLC’s holdings in SPDR Gold MiniShares Trust were worth $1,188,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in GLDM. ORG Partners LLC purchased a new stake in SPDR Gold MiniShares Trust in the second quarter worth $28,000. GAMMA Investing LLC purchased a new stake in SPDR Gold MiniShares Trust in the first quarter worth $29,000. Asset Planning Inc purchased a new stake in SPDR Gold MiniShares Trust in the first quarter worth $29,000. Mid American Wealth Advisory Group Inc. purchased a new stake in SPDR Gold MiniShares Trust in the second quarter worth $31,000. Finally, Beacon Capital Management LLC purchased a new stake in SPDR Gold MiniShares Trust in the second quarter worth $38,000.

SPDR Gold MiniShares Trust Stock Down 0.6%

Shares of GLDM stock opened at $79.19 on Friday. The business’s fifty day moving average is $75.64 and its 200 day moving average is $69.39. SPDR Gold MiniShares Trust has a twelve month low of $50.67 and a twelve month high of $86.75.

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.