HBW Advisory Services LLC Invests $458,000 in SPDR Gold MiniShares Trust (NYSEARCA:GLDM)

HBW Advisory Services LLC acquired a new stake in SPDR Gold MiniShares Trust (NYSEARCA:GLDM) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 8,778 shares of the company’s stock, valued at approximately $458,000.

Other large investors also recently bought and sold shares of the company. Cassaday & Co Wealth Management LLC acquired a new position in shares of SPDR Gold MiniShares Trust during the second quarter worth about $251,429,000. Alaska Permanent Fund Corp raised its stake in shares of SPDR Gold MiniShares Trust by 1,917.7% during the 1st quarter. Alaska Permanent Fund Corp now owns 2,623,000 shares of the company’s stock worth $115,543,000 after buying an additional 2,493,000 shares in the last quarter. The Manufacturers Life Insurance Company acquired a new stake in shares of SPDR Gold MiniShares Trust in the 2nd quarter valued at approximately $31,681,000. Van ECK Associates Corp boosted its stake in shares of SPDR Gold MiniShares Trust by 10,912.7% in the first quarter. Van ECK Associates Corp now owns 659,993 shares of the company’s stock valued at $29,073,000 after buying an additional 654,000 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. grew its holdings in SPDR Gold MiniShares Trust by 84.9% during the first quarter. Benjamin F. Edwards & Company Inc. now owns 1,385,815 shares of the company’s stock worth $61,046,000 after acquiring an additional 636,287 shares during the period.

SPDR Gold MiniShares Trust Price Performance

SPDR Gold MiniShares Trust stock traded down $0.11 during midday trading on Friday, reaching $52.54. The company’s stock had a trading volume of 3,306,816 shares, compared to its average volume of 3,701,251. SPDR Gold MiniShares Trust has a fifty-two week low of $35.99 and a fifty-two week high of $53.05. The stock’s 50 day simple moving average is $50.03 and its 200 day simple moving average is $47.58.

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.