KWB Wealth Grows Position in SPDR Gold MiniShares Trust $GLDM

KWB Wealth lifted its stake in shares of SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 8.1% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 83,878 shares of the company’s stock after purchasing an additional 6,261 shares during the quarter. KWB Wealth’s holdings in SPDR Gold MiniShares Trust were worth $6,412,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in GLDM. Jane Street Group LLC purchased a new stake in SPDR Gold MiniShares Trust during the first quarter worth about $395,321,000. Empower Advisory Group LLC purchased a new position in SPDR Gold MiniShares Trust in the second quarter valued at about $336,022,000. 3EDGE Asset Management LP lifted its position in shares of SPDR Gold MiniShares Trust by 43.0% during the 2nd quarter. 3EDGE Asset Management LP now owns 2,211,620 shares of the company’s stock valued at $144,905,000 after acquiring an additional 664,523 shares during the period. Corient Private Wealth LLC boosted its stake in shares of SPDR Gold MiniShares Trust by 3,304.3% during the 2nd quarter. Corient Private Wealth LLC now owns 637,414 shares of the company’s stock worth $41,763,000 after acquiring an additional 618,690 shares in the last quarter. Finally, Diversify Advisory Services LLC boosted its stake in shares of SPDR Gold MiniShares Trust by 4,571.8% during the 2nd quarter. Diversify Advisory Services LLC now owns 469,752 shares of the company’s stock worth $31,130,000 after acquiring an additional 459,697 shares in the last quarter.

SPDR Gold MiniShares Trust Stock Performance

GLDM opened at $85.92 on Thursday. SPDR Gold MiniShares Trust has a 1-year low of $51.24 and a 1-year high of $86.75. The stock’s 50 day simple moving average is $81.83 and its 200 day simple moving average is $73.24.

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.