SPDR Gold MiniShares Trust (NYSEARCA:GLDM) Shares Sold by 3EDGE Asset Management LP

3EDGE Asset Management LP lessened its position in shares of SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 49.6% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 1,935,854 shares of the company’s stock after selling 1,904,644 shares during the period. SPDR Gold MiniShares Trust makes up 6.2% of 3EDGE Asset Management LP’s holdings, making the stock its 5th biggest holding. 3EDGE Asset Management LP’s holdings in SPDR Gold MiniShares Trust were worth $100,645,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. First Community Trust NA bought a new position in shares of SPDR Gold MiniShares Trust in the 4th quarter worth about $43,000. Barrett & Company Inc. bought a new stake in SPDR Gold MiniShares Trust in the third quarter worth approximately $53,000. First Horizon Advisors Inc. acquired a new position in SPDR Gold MiniShares Trust in the third quarter valued at approximately $65,000. Glass Jacobson Investment Advisors llc acquired a new position in SPDR Gold MiniShares Trust in the third quarter valued at approximately $74,000. Finally, Sanctuary Wealth Management L.L.C. bought a new position in shares of SPDR Gold MiniShares Trust during the 3rd quarter worth approximately $76,000.

SPDR Gold MiniShares Trust Stock Up 1.7 %

Shares of GLDM stock opened at $58.12 on Wednesday. SPDR Gold MiniShares Trust has a 52 week low of $40.06 and a 52 week high of $58.18. The firm has a 50 day moving average of $54.02 and a 200-day moving average of $52.45.

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.