KPP Advisory Services LLC Makes New $610,000 Investment in SPDR Gold MiniShares Trust (NYSEARCA:GLDM)

KPP Advisory Services LLC acquired a new stake in shares of SPDR Gold MiniShares Trust (NYSEARCA:GLDM) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 11,704 shares of the company’s stock, valued at approximately $610,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Cassaday & Co Wealth Management LLC acquired a new stake in shares of SPDR Gold MiniShares Trust in the second quarter worth $251,429,000. Asset Management One Co. Ltd. raised its stake in shares of SPDR Gold MiniShares Trust by 28.1% during the 3rd quarter. Asset Management One Co. Ltd. now owns 4,017,429 shares of the company’s stock valued at $209,429,000 after buying an additional 880,693 shares during the last quarter. Tidal Investments LLC lifted its holdings in shares of SPDR Gold MiniShares Trust by 1.9% in the 1st 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 period. LPL Financial LLC boosted its stake in shares of SPDR Gold MiniShares Trust by 1.3% in the second 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 during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in SPDR Gold MiniShares Trust by 10.9% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 1,165,360 shares of the company’s stock worth $60,750,000 after acquiring an additional 114,200 shares during the period.

SPDR Gold MiniShares Trust Trading Down 0.2 %

NYSEARCA:GLDM traded down $0.09 during trading hours on Friday, reaching $50.76. The company had a trading volume of 2,981,996 shares, compared to its average volume of 3,652,177. SPDR Gold MiniShares Trust has a 1-year low of $38.99 and a 1-year high of $55.29. The business’s 50 day moving average price is $52.54 and its 200-day moving average price is $49.19.

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.