Bangor Savings Bank Buys 21,056 Shares of SPDR Gold MiniShares Trust (NYSEARCA:GLDM)

Bangor Savings Bank grew its stake in shares of SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 6.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 369,359 shares of the company’s stock after acquiring an additional 21,056 shares during the quarter. SPDR Gold MiniShares Trust comprises about 1.8% of Bangor Savings Bank’s investment portfolio, making the stock its 11th biggest holding. Bangor Savings Bank owned 0.24% of SPDR Gold MiniShares Trust worth $19,203,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Confluence Investment Management LLC grew its position in SPDR Gold MiniShares Trust by 1.0% in the 4th quarter. Confluence Investment Management LLC now owns 627,966 shares of the company’s stock worth $32,648,000 after purchasing an additional 6,010 shares during the period. Copley Financial Group Inc. purchased a new position in shares of SPDR Gold MiniShares Trust in the 3rd quarter worth $7,230,000. Synovus Financial Corp grew its holdings in shares of SPDR Gold MiniShares Trust by 82.1% in the third quarter. Synovus Financial Corp now owns 244,514 shares of the company’s stock worth $12,747,000 after acquiring an additional 110,221 shares during the period. Virtu Financial LLC purchased a new stake in SPDR Gold MiniShares Trust during the third quarter valued at $1,678,000. Finally, Hobbs Group Advisors LLC increased its position in SPDR Gold MiniShares Trust by 3.3% during the third quarter. Hobbs Group Advisors LLC now owns 126,712 shares of the company’s stock valued at $6,606,000 after acquiring an additional 4,060 shares during the last quarter.

SPDR Gold MiniShares Trust Price Performance

Shares of NYSEARCA:GLDM opened at $52.19 on Tuesday. The stock’s 50-day simple moving average is $52.52 and its two-hundred day simple moving average is $50.72. SPDR Gold MiniShares Trust has a 52-week low of $39.35 and a 52-week high of $55.29.

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.