Purus Wealth Management LLC Boosts Position in SPDR Gold MiniShares Trust (NYSEARCA:GLDM)

Purus Wealth Management LLC increased its holdings in shares of SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 1.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 84,505 shares of the company’s stock after purchasing an additional 1,294 shares during the quarter. SPDR Gold MiniShares Trust makes up approximately 1.7% of Purus Wealth Management LLC’s portfolio, making the stock its 16th biggest position. Purus Wealth Management LLC owned approximately 0.05% of SPDR Gold MiniShares Trust worth $3,895,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in GLDM. MONECO Advisors LLC acquired a new position in SPDR Gold MiniShares Trust during the second quarter worth approximately $242,000. Heritage Wealth Advisors acquired a new position in SPDR Gold MiniShares Trust during the fourth quarter worth approximately $359,000. Raymond James Financial Services Advisors Inc. increased its position 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 during the period. Vermillion & White Wealth Management Group LLC acquired a new position in SPDR Gold MiniShares Trust during the fourth quarter worth approximately $1,453,000. Finally, Myecfo LLC increased its position in SPDR Gold MiniShares Trust by 33.6% during the first quarter. Myecfo LLC now owns 12,925 shares of the company’s stock worth $569,000 after buying an additional 3,250 shares during the period.

SPDR Gold MiniShares Trust Stock Down 0.5 %

GLDM opened at $50.90 on Wednesday. SPDR Gold MiniShares Trust has a 52 week low of $35.99 and a 52 week high of $51.31. The business’s 50 day moving average is $48.78 and its two-hundred day moving average is $46.71.

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.