Bank of America Corp DE Boosts Position in SPDR Gold MiniShares Trust (NYSEARCA:GLDM)

Bank of America Corp DE raised its stake in SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 109.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,683,654 shares of the company’s stock after purchasing an additional 2,447,630 shares during the period. Bank of America Corp DE’s holdings in SPDR Gold MiniShares Trust were worth $243,503,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Baker Tilly Wealth Management LLC grew its position in shares of SPDR Gold MiniShares Trust by 4.3% in the 4th quarter. Baker Tilly Wealth Management LLC now owns 52,495 shares of the company’s stock valued at $2,729,000 after buying an additional 2,165 shares during the last quarter. Brookstone Capital Management grew its holdings in shares of SPDR Gold MiniShares Trust by 25.5% during the fourth quarter. Brookstone Capital Management now owns 99,042 shares of the company’s stock worth $5,149,000 after purchasing an additional 20,124 shares during the last quarter. Courier Capital LLC acquired a new stake in shares of SPDR Gold MiniShares Trust during the fourth quarter worth about $1,688,000. Sentinel Pension Advisors Inc. boosted its position in shares of SPDR Gold MiniShares Trust by 1.8% in the 4th quarter. Sentinel Pension Advisors Inc. now owns 432,786 shares of the company’s stock valued at $22,501,000 after purchasing an additional 7,499 shares during the period. Finally, Signal Advisors Wealth LLC acquired a new position in SPDR Gold MiniShares Trust during the fourth quarter worth approximately $278,000.

SPDR Gold MiniShares Trust Price Performance

GLDM stock opened at $65.48 on Friday. The business has a 50 day simple moving average of $62.10 and a 200-day simple moving average of $56.77. SPDR Gold MiniShares Trust has a twelve month low of $45.35 and a twelve month high of $68.23.

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.