Gradient Capital Advisors LLC Buys 900 Shares of SPDR Gold MiniShares Trust (NYSEARCA:GLDM)

Gradient Capital Advisors LLC lifted its stake in shares of SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 2.8% in the first quarter, HoldingsChannel.com reports. The fund owned 33,233 shares of the company’s stock after acquiring an additional 900 shares during the quarter. Gradient Capital Advisors LLC’s holdings in SPDR Gold MiniShares Trust were worth $1,464,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in GLDM. Alaska Permanent Fund Corp raised its position in SPDR Gold MiniShares Trust by 1,917.7% in the 1st quarter. Alaska Permanent Fund Corp now owns 2,623,000 shares of the company’s stock worth $115,543,000 after purchasing an additional 2,493,000 shares during the period. Charles Schwab Investment Management Inc. purchased a new position in SPDR Gold MiniShares Trust in the 4th quarter worth $78,793,000. Sei Investments Co. raised its position in SPDR Gold MiniShares Trust by 657.4% in the 3rd quarter. Sei Investments Co. now owns 1,707,015 shares of the company’s stock worth $62,588,000 after purchasing an additional 1,481,629 shares during the period. Evoke Wealth LLC raised its position in SPDR Gold MiniShares Trust by 17.0% in the 4th quarter. Evoke Wealth LLC now owns 6,355,875 shares of the company’s stock worth $260,019,000 after purchasing an additional 922,508 shares during the period. Finally, Gradient Investments LLC raised its position in SPDR Gold MiniShares Trust by 178.8% in the 4th quarter. Gradient Investments LLC now owns 1,389,608 shares of the company’s stock worth $56,849,000 after purchasing an additional 891,187 shares during the period.

SPDR Gold MiniShares Trust Price Performance

NYSEARCA:GLDM traded up $0.01 during trading hours on Friday, reaching $46.09. The company’s stock had a trading volume of 1,678,433 shares, compared to its average volume of 3,699,766. The firm has a 50-day simple moving average of $46.32 and a 200-day simple moving average of $43.44. SPDR Gold MiniShares Trust has a 1 year low of $35.99 and a 1 year high of $48.33.

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.