E Fund Management Co. Ltd. cut its holdings in SPDR Gold MiniShares Trust (NYSEARCA:GLDM – Free Report) by 4.5% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 72,026 shares of the company’s stock after selling 3,393 shares during the period. E Fund Management Co. Ltd.’s holdings in SPDR Gold MiniShares Trust were worth $3,320,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently made changes to their positions in GLDM. MONECO Advisors LLC acquired a new position in SPDR Gold MiniShares Trust during the second quarter worth $242,000. Heritage Wealth Advisors bought a new stake in shares of SPDR Gold MiniShares Trust in the fourth quarter valued at about $359,000. Raymond James Financial Services Advisors Inc. boosted its position in shares of SPDR Gold MiniShares Trust by 1.9% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 407,243 shares of the company’s stock valued at $18,770,000 after acquiring an additional 7,671 shares during the period. Vermillion & White Wealth Management Group LLC bought a new stake in shares of SPDR Gold MiniShares Trust in the fourth quarter valued at about $1,453,000. Finally, Myecfo LLC boosted its position in shares of SPDR Gold MiniShares Trust by 33.6% in the first quarter. Myecfo LLC now owns 12,925 shares of the company’s stock valued at $569,000 after acquiring an additional 3,250 shares during the period.
SPDR Gold MiniShares Trust Price Performance
Shares of SPDR Gold MiniShares Trust stock opened at $50.90 on Wednesday. SPDR Gold MiniShares Trust has a 52-week low of $35.99 and a 52-week high of $51.31. The firm has a 50-day moving average of $48.78 and a 200-day moving average of $46.71.
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.
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