SPDR Gold MiniShares Trust (NYSEARCA:GLDM) Shares Sold by Peak Financial Advisors LLC

Peak Financial Advisors LLC trimmed its holdings in SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 0.4% during the fourth quarter, Holdings Channel.com reports. The fund owned 225,780 shares of the company’s stock after selling 802 shares during the period. SPDR Gold MiniShares Trust accounts for 6.1% of Peak Financial Advisors LLC’s investment portfolio, making the stock its 3rd largest holding. Peak Financial Advisors LLC’s holdings in SPDR Gold MiniShares Trust were worth $11,738,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. First Community Trust NA acquired a new stake in shares of SPDR Gold MiniShares Trust in the fourth quarter valued at approximately $43,000. Barrett & Company Inc. purchased a new stake in shares of SPDR Gold MiniShares Trust in the third quarter valued at $53,000. First Horizon Advisors Inc. acquired a new position in SPDR Gold MiniShares Trust in the third quarter valued at $65,000. Glass Jacobson Investment Advisors llc acquired a new position in SPDR Gold MiniShares Trust in the third quarter valued at $74,000. Finally, Sanctuary Wealth Management L.L.C. purchased a new position in shares of SPDR Gold MiniShares Trust during the 3rd quarter worth about $76,000.

SPDR Gold MiniShares Trust Trading Up 0.6 %

Shares of GLDM opened at $53.03 on Wednesday. SPDR Gold MiniShares Trust has a fifty-two week low of $39.35 and a fifty-two week high of $55.29. The company’s fifty day moving average is $52.32 and its two-hundred day moving average is $51.02.

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.