Anchor Investment Management LLC Lowers Stock Holdings in SPDR Gold MiniShares Trust (NYSEARCA:GLDM)

Anchor Investment Management LLC lessened its stake in shares of SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 8.4% in the 3rd quarter, Holdings Channel.com reports. The firm owned 5,461 shares of the company’s stock after selling 500 shares during the quarter. Anchor Investment Management LLC’s holdings in SPDR Gold MiniShares Trust were worth $285,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Cassaday & Co Wealth Management LLC purchased a new position in SPDR Gold MiniShares Trust during the 2nd quarter worth $251,429,000. Citigroup Inc. raised its holdings in SPDR Gold MiniShares Trust by 5,727,072.7% during the third quarter. Citigroup Inc. now owns 1,889,967 shares of the company’s stock worth $98,524,000 after purchasing an additional 1,889,934 shares in the last quarter. Quadrature Capital Ltd acquired a new stake in SPDR Gold MiniShares Trust in the third quarter valued at about $84,714,000. Benjamin Edwards Inc. boosted its holdings in SPDR Gold MiniShares Trust by 1,805.0% in the 3rd quarter. Benjamin Edwards Inc. now owns 1,432,715 shares of the company’s stock valued at $74,686,000 after purchasing an additional 1,357,506 shares in the last quarter. Finally, State Street Corp increased its position in SPDR Gold MiniShares Trust by 43.2% during the 3rd quarter. State Street Corp now owns 3,226,956 shares of the company’s stock worth $168,221,000 after purchasing an additional 973,410 shares during the period.

SPDR Gold MiniShares Trust Price Performance

GLDM opened at $52.46 on Friday. SPDR Gold MiniShares Trust has a 12 month low of $39.35 and a 12 month high of $55.29. The business has a 50 day simple moving average of $52.91 and a 200-day simple moving average of $50.02.

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.