Motiv8 Investments LLC Acquires Shares of 4,007 SPDR Gold MiniShares Trust (NYSEARCA:GLDM)

Motiv8 Investments LLC acquired a new stake in SPDR Gold MiniShares Trust (NYSEARCA:GLDM) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 4,007 shares of the company’s stock, valued at approximately $209,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in GLDM. Cassaday & Co Wealth Management LLC acquired a new stake in SPDR Gold MiniShares Trust in the 2nd quarter worth about $251,429,000. The Manufacturers Life Insurance Company acquired a new stake in SPDR Gold MiniShares Trust in the second quarter valued at $31,681,000. Van ECK Associates Corp raised its position in SPDR Gold MiniShares Trust by 10,912.7% during the 1st quarter. Van ECK Associates Corp now owns 659,993 shares of the company’s stock worth $29,073,000 after purchasing an additional 654,000 shares during the last quarter. Sentinel Pension Advisors Inc. acquired a new position in SPDR Gold MiniShares Trust during the 1st quarter worth about $17,945,000. Finally, Sei Investments Co. lifted its holdings in SPDR Gold MiniShares Trust by 173.7% during the 1st quarter. Sei Investments Co. now owns 570,572 shares of the company’s stock worth $25,134,000 after buying an additional 362,121 shares during the period.

SPDR Gold MiniShares Trust Trading Up 0.3 %

Shares of GLDM stock traded up $0.14 on Friday, hitting $54.35. The company had a trading volume of 2,218,055 shares, compared to its average volume of 3,628,603. SPDR Gold MiniShares Trust has a twelve month low of $38.32 and a twelve month high of $54.47. The stock’s 50-day moving average is $51.50 and its two-hundred day moving average is $48.52.

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.