Advisor Resource Council Acquires New Stake in SPDR Gold MiniShares Trust (NYSEARCA:GLDM)

Advisor Resource Council bought a new position in SPDR Gold MiniShares Trust (NYSEARCA:GLDM) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 13,240 shares of the company’s stock, valued at approximately $690,000.

A number of other institutional investors have also recently modified their holdings of GLDM. Cassaday & Co Wealth Management LLC bought a new position in SPDR Gold MiniShares Trust in the 2nd quarter worth about $251,429,000. Asset Management One Co. Ltd. raised its stake in shares of SPDR Gold MiniShares Trust by 28.1% in the third quarter. Asset Management One Co. Ltd. now owns 4,017,429 shares of the company’s stock worth $209,429,000 after purchasing an additional 880,693 shares during the last quarter. Tidal Investments LLC boosted its position in shares of SPDR Gold MiniShares Trust by 1.9% during the first quarter. Tidal Investments LLC now owns 1,860,526 shares of the company’s stock valued at $81,956,000 after buying an additional 34,857 shares during the last quarter. LPL Financial LLC increased its holdings in SPDR Gold MiniShares Trust by 1.3% in the 2nd quarter. LPL Financial LLC now owns 1,536,001 shares of the company’s stock worth $70,794,000 after buying an additional 20,288 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd raised its position in SPDR Gold MiniShares Trust by 10.9% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 1,165,360 shares of the company’s stock worth $60,750,000 after buying an additional 114,200 shares during the last quarter.

SPDR Gold MiniShares Trust Stock Performance

Shares of GLDM stock opened at $52.71 on Thursday. SPDR Gold MiniShares Trust has a 12-month low of $38.32 and a 12-month high of $55.29. The firm’s 50 day moving average is $52.23 and its 200 day moving average is $48.93.

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.