Park Avenue Securities LLC Cuts Position in SPDR Gold MiniShares Trust (NYSEARCA:GLDM)

Park Avenue Securities LLC reduced its stake in shares of SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 27.5% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 9,457 shares of the company’s stock after selling 3,590 shares during the period. Park Avenue Securities LLC’s holdings in SPDR Gold MiniShares Trust were worth $417,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Stansberry Asset Management LLC grew its holdings in SPDR Gold MiniShares Trust by 41.3% in the third quarter. Stansberry Asset Management LLC now owns 20,294 shares of the company’s stock valued at $744,000 after purchasing an additional 5,933 shares during the last quarter. Ameriprise Financial Inc. grew its position in shares of SPDR Gold MiniShares Trust by 20.1% in the third quarter. Ameriprise Financial Inc. now owns 2,003,514 shares of the company’s stock valued at $73,373,000 after purchasing an additional 334,851 shares during the last quarter. Sei Investments Co. raised its holdings in shares of SPDR Gold MiniShares Trust by 657.4% in the third quarter. Sei Investments Co. now owns 1,707,015 shares of the company’s stock worth $62,588,000 after acquiring an additional 1,481,629 shares during the last quarter. Mercer Global Advisors Inc. ADV acquired a new stake in shares of SPDR Gold MiniShares Trust during the third quarter valued at $3,966,000. Finally, Belpointe Asset Management LLC acquired a new position in SPDR Gold MiniShares Trust in the 3rd quarter valued at about $213,000.

SPDR Gold MiniShares Trust Stock Performance

NYSEARCA:GLDM opened at $46.09 on Friday. SPDR Gold MiniShares Trust has a 12-month low of $35.99 and a 12-month high of $48.33. The company’s 50-day moving average is $46.32 and its two-hundred day moving average is $43.44.

SPDR Gold MiniShares Trust Company 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.