Beacon Capital Management LLC Takes $38,000 Position in SPDR Gold MiniShares Trust $GLDM

Beacon Capital Management LLC acquired a new stake in shares of SPDR Gold MiniShares Trust (NYSEARCA:GLDM) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor acquired 581 shares of the company’s stock, valued at approximately $38,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Northwest Capital Management Inc grew its position in SPDR Gold MiniShares Trust by 20.2% during the 1st quarter. Northwest Capital Management Inc now owns 1,022 shares of the company’s stock worth $63,000 after acquiring an additional 172 shares during the last quarter. Financial Management Professionals Inc. grew its position in SPDR Gold MiniShares Trust by 41.7% during the 2nd quarter. Financial Management Professionals Inc. now owns 595 shares of the company’s stock worth $39,000 after acquiring an additional 175 shares during the last quarter. Legacy Capital Wealth Partners LLC grew its position in SPDR Gold MiniShares Trust by 0.6% during the 1st quarter. Legacy Capital Wealth Partners LLC now owns 32,769 shares of the company’s stock worth $2,028,000 after acquiring an additional 201 shares during the last quarter. CWM LLC grew its position in SPDR Gold MiniShares Trust by 11.1% during the 1st quarter. CWM LLC now owns 2,120 shares of the company’s stock worth $131,000 after acquiring an additional 212 shares during the last quarter. Finally, Diversify Advisory Services LLC grew its position in SPDR Gold MiniShares Trust by 2.4% during the 1st quarter. Diversify Advisory Services LLC now owns 10,055 shares of the company’s stock worth $661,000 after acquiring an additional 235 shares during the last quarter.

SPDR Gold MiniShares Trust Stock Performance

GLDM opened at $74.59 on Monday. The stock’s 50 day simple moving average is $68.86 and its 200 day simple moving average is $66.04. SPDR Gold MiniShares Trust has a 1 year low of $50.67 and a 1 year high of $75.04.

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.