3EDGE Asset Management LP Cuts Stock Position in SPDR Gold MiniShares Trust $GLDM

3EDGE Asset Management LP trimmed its holdings in shares of SPDR Gold MiniShares Trust (NYSEARCA:GLDMFree Report) by 62.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,022,992 shares of the company’s stock after selling 1,677,204 shares during the period. SPDR Gold MiniShares Trust comprises 4.5% of 3EDGE Asset Management LP’s holdings, making the stock its 8th largest position. 3EDGE Asset Management LP’s holdings in SPDR Gold MiniShares Trust were worth $87,333,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Quantify Chaos Advisors LLC bought a new stake in SPDR Gold MiniShares Trust during the fourth quarter worth about $1,122,000. Larson Financial Group LLC boosted its holdings in shares of SPDR Gold MiniShares Trust by 435.0% in the 4th quarter. Larson Financial Group LLC now owns 26,623 shares of the company’s stock valued at $2,273,000 after buying an additional 21,647 shares during the last quarter. Resona Asset Management Co. Ltd. grew its stake in shares of SPDR Gold MiniShares Trust by 28.2% in the fourth quarter. Resona Asset Management Co. Ltd. now owns 2,229,600 shares of the company’s stock valued at $191,300,000 after buying an additional 490,600 shares in the last quarter. HighTower Advisors LLC grew its position in shares of SPDR Gold MiniShares Trust by 1.3% in the 4th quarter. HighTower Advisors LLC now owns 1,335,584 shares of the company’s stock valued at $114,019,000 after acquiring an additional 17,412 shares during the period. Finally, Payden & Rygel acquired a new position in shares of SPDR Gold MiniShares Trust during the 4th quarter worth about $110,981,000.

Key Headlines Impacting SPDR Gold MiniShares Trust

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SPDR Gold MiniShares Trust Stock Down 1.7%

Shares of GLDM stock opened at $88.70 on Wednesday. The firm’s 50-day moving average is $93.37 and its 200-day moving average is $91.32. SPDR Gold MiniShares Trust has a 52-week low of $64.11 and a 52-week high of $109.74.

SPDR Gold MiniShares Trust Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for SPDR Gold MiniShares Trust (NYSEARCA:GLDM)

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