Richardson Financial Services Inc. Invests $256,000 in SPDR Gold MiniShares Trust (NYSEARCA:GLDM)

Richardson Financial Services Inc. bought a new stake in SPDR Gold MiniShares Trust (NYSEARCA:GLDM) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 6,266 shares of the company’s stock, valued at approximately $256,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in GLDM. VitalStone Financial LLC grew its holdings in shares of SPDR Gold MiniShares Trust by 611.1% during the third quarter. VitalStone Financial LLC now owns 640 shares of the company’s stock valued at $25,000 after buying an additional 550 shares during the last quarter. Parkside Financial Bank & Trust purchased a new stake in shares of SPDR Gold MiniShares Trust in the third quarter worth approximately $30,000. Headlands Technologies LLC purchased a new stake in shares of SPDR Gold MiniShares Trust in the fourth quarter worth approximately $39,000. Fortitude Family Office LLC bought a new position in shares of SPDR Gold MiniShares Trust in the fourth quarter valued at approximately $40,000. Finally, Citigroup Inc. boosted its position in shares of SPDR Gold MiniShares Trust by 1,201.0% during the third quarter. Citigroup Inc. now owns 1,353 shares of the company’s stock valued at $50,000 after buying an additional 1,249 shares during the last quarter.

SPDR Gold MiniShares Trust Trading Up 1.3 %

GLDM stock traded up $0.60 during trading on Friday, reaching $46.24. The stock had a trading volume of 2,055,591 shares, compared to its average volume of 3,824,252. SPDR Gold MiniShares Trust has a one year low of $35.99 and a one year high of $48.33. The company’s 50 day moving average is $46.48 and its two-hundred day moving average is $43.02.

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.