GeoWealth Management LLC Has $3.15 Million Stock Holdings in SPDR Gold MiniShares Trust (NYSEARCA:GLDM)

GeoWealth Management LLC reduced its stake in shares of SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 53.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 60,660 shares of the company’s stock after selling 68,592 shares during the quarter. GeoWealth Management LLC’s holdings in SPDR Gold MiniShares Trust were worth $3,154,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of GLDM. First Community Trust NA bought a new position in shares of SPDR Gold MiniShares Trust in the 4th quarter valued at $43,000. Stonebridge Financial Group LLC acquired a new stake in SPDR Gold MiniShares Trust in the fourth quarter valued at about $89,000. Rosenberg Matthew Hamilton bought a new position in SPDR Gold MiniShares Trust in the fourth quarter valued at about $106,000. WealthTrak Capital Management LLC acquired a new position in SPDR Gold MiniShares Trust during the fourth quarter worth about $118,000. Finally, PNC Financial Services Group Inc. lifted its holdings in shares of SPDR Gold MiniShares Trust by 468.6% in the fourth quarter. PNC Financial Services Group Inc. now owns 2,428 shares of the company’s stock worth $126,000 after acquiring an additional 2,001 shares during the last quarter.

SPDR Gold MiniShares Trust Stock Performance

GLDM opened at $65.78 on Friday. The company’s 50 day moving average is $59.78 and its 200-day moving average is $55.49. SPDR Gold MiniShares Trust has a 1-year low of $45.13 and a 1-year high of $66.21.

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.