Financial Sense Advisors Inc. Buys Shares of 50,620 SPDR Gold MiniShares Trust (NYSEARCA:GLDM)

Financial Sense Advisors Inc. bought a new stake in shares of SPDR Gold MiniShares Trust (NYSEARCA:GLDM) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 50,620 shares of the company’s stock, valued at approximately $2,230,000.

A number of other institutional investors also recently modified their holdings of GLDM. Strategic Financial Services Inc raised its holdings in shares of SPDR Gold MiniShares Trust by 47.1% during the 4th quarter. Strategic Financial Services Inc now owns 1,501,243 shares of the company’s stock valued at $61,416,000 after purchasing an additional 480,518 shares in the last quarter. Signet Financial Management LLC bought a new position in shares of SPDR Gold MiniShares Trust during the 4th quarter valued at $238,000. Foundations Investment Advisors LLC bought a new position in shares of SPDR Gold MiniShares Trust during the 4th quarter valued at $778,000. Heritage Wealth Advisors bought a new position in shares of SPDR Gold MiniShares Trust during the 4th quarter valued at $359,000. Finally, Vermillion & White Wealth Management Group LLC bought a new position in shares of SPDR Gold MiniShares Trust during the 4th quarter valued at $1,453,000.

SPDR Gold MiniShares Trust Stock Performance

SPDR Gold MiniShares Trust stock opened at $46.73 on Thursday. The firm’s fifty day simple moving average is $46.34 and its 200-day simple moving average is $43.57. SPDR Gold MiniShares Trust has a 1-year low of $35.99 and a 1-year high of $48.33.

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.