Team Financial Group LLC Buys 1,657 Shares of SPDR Gold MiniShares Trust (NYSEARCA:GLDM)

Team Financial Group LLC boosted its position in SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 2.4% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 69,521 shares of the company’s stock after purchasing an additional 1,657 shares during the quarter. SPDR Gold MiniShares Trust makes up approximately 2.1% of Team Financial Group LLC’s investment portfolio, making the stock its 12th largest holding. Team Financial Group LLC’s holdings in SPDR Gold MiniShares Trust were worth $3,204,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of GLDM. Hantz Financial Services Inc. purchased a new position in SPDR Gold MiniShares Trust during the 2nd quarter worth $28,000. Family Firm Inc. acquired a new stake in SPDR Gold MiniShares Trust in the second quarter worth about $32,000. Rothschild Investment LLC purchased a new stake in shares of SPDR Gold MiniShares Trust during the second quarter worth about $38,000. Northwest Capital Management Inc acquired a new position in shares of SPDR Gold MiniShares Trust during the first quarter valued at about $37,000. Finally, Palisade Asset Management LLC purchased a new position in shares of SPDR Gold MiniShares Trust in the 1st quarter valued at approximately $50,000.

SPDR Gold MiniShares Trust Trading Up 1.3 %

GLDM stock opened at $51.94 on Friday. SPDR Gold MiniShares Trust has a 52 week low of $35.99 and a 52 week high of $52.03. The firm has a 50 day moving average of $49.08 and a 200 day moving average of $46.93.

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.