Sterling Investment Advisors Ltd. Has $7.28 Million Stock Holdings in SPDR Gold MiniShares Trust (NYSEARCA:GLDM)

Sterling Investment Advisors Ltd. lowered its position in shares of SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 3.3% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 157,842 shares of the company’s stock after selling 5,396 shares during the quarter. SPDR Gold MiniShares Trust comprises 2.0% of Sterling Investment Advisors Ltd.’s holdings, making the stock its 12th biggest position. Sterling Investment Advisors Ltd. owned 0.10% of SPDR Gold MiniShares Trust worth $7,275,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of GLDM. Strategic Financial Services Inc increased its position in SPDR Gold MiniShares Trust by 47.1% during the fourth quarter. Strategic Financial Services Inc now owns 1,501,243 shares of the company’s stock worth $61,416,000 after acquiring an additional 480,518 shares during the period. MONECO Advisors LLC acquired a new stake in SPDR Gold MiniShares Trust during the second quarter worth about $242,000. Foundations Investment Advisors LLC acquired a new stake in SPDR Gold MiniShares Trust during the fourth quarter worth about $778,000. Heritage Wealth Advisors acquired a new stake in SPDR Gold MiniShares Trust during the fourth quarter worth about $359,000. Finally, Raymond James Financial Services Advisors Inc. grew its stake in SPDR Gold MiniShares Trust by 1.9% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 407,243 shares of the company’s stock worth $18,770,000 after buying an additional 7,671 shares in the last quarter.

SPDR Gold MiniShares Trust Trading Up 0.8 %

Shares of SPDR Gold MiniShares Trust stock opened at $49.83 on Friday. The firm’s 50-day moving average price is $48.26 and its two-hundred day moving average price is $46.13. SPDR Gold MiniShares Trust has a 12-month low of $35.99 and a 12-month high of $50.18.

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.