Principal Financial Group Inc. Makes New Investment in SPDR Gold MiniShares Trust (NYSEARCA:GLDM)

Principal Financial Group Inc. purchased a new position in shares of SPDR Gold MiniShares Trust (NYSEARCA:GLDM) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 1,757,205 shares of the company’s stock, valued at approximately $91,357,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in GLDM. Cassaday & Co Wealth Management LLC increased its stake in shares of SPDR Gold MiniShares Trust by 3.4% during the 3rd quarter. Cassaday & Co Wealth Management LLC now owns 5,637,993 shares of the company’s stock worth $293,909,000 after purchasing an additional 182,816 shares during the last quarter. Asset Management One Co. Ltd. increased its stake in shares of SPDR Gold MiniShares Trust by 28.1% during the 3rd quarter. Asset Management One Co. Ltd. now owns 4,017,429 shares of the company’s stock worth $209,429,000 after purchasing an additional 880,693 shares during the last quarter. State Street Corp increased its stake in shares of 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 last quarter. Stifel Financial Corp increased its stake in shares of SPDR Gold MiniShares Trust by 2.2% during the 3rd quarter. Stifel Financial Corp now owns 2,141,060 shares of the company’s stock worth $111,613,000 after purchasing an additional 46,759 shares during the last quarter. Finally, Citigroup Inc. increased its stake in shares of SPDR Gold MiniShares Trust by 5,727,072.7% during the 3rd 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 during the last quarter.

SPDR Gold MiniShares Trust Stock Performance

SPDR Gold MiniShares Trust stock opened at $58.12 on Wednesday. The company’s 50-day moving average is $54.02 and its 200-day moving average is $52.45. SPDR Gold MiniShares Trust has a fifty-two week low of $40.06 and a fifty-two week high of $58.18.

About SPDR Gold MiniShares Trust

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.