The Manufacturers Life Insurance Company Boosts Stock Holdings in SPDR Gold MiniShares Trust (NYSEARCA:GLDM)

The Manufacturers Life Insurance Company raised its stake in SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 0.1% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 688,018 shares of the company’s stock after purchasing an additional 486 shares during the quarter. The Manufacturers Life Insurance Company owned about 0.44% of SPDR Gold MiniShares Trust worth $35,866,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in GLDM. MONECO Advisors LLC purchased a new position in SPDR Gold MiniShares Trust in the second quarter valued at approximately $242,000. Raymond James Financial Services Advisors Inc. lifted its holdings in shares of SPDR Gold MiniShares Trust by 1.9% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 407,243 shares of the company’s stock valued at $18,770,000 after acquiring an additional 7,671 shares in the last quarter. SG Americas Securities LLC boosted its position in SPDR Gold MiniShares Trust by 14.9% during the 2nd quarter. SG Americas Securities LLC now owns 20,148 shares of the company’s stock worth $929,000 after purchasing an additional 2,618 shares during the period. Exchange Traded Concepts LLC increased its holdings in SPDR Gold MiniShares Trust by 7.2% in the 3rd quarter. Exchange Traded Concepts LLC now owns 3,125 shares of the company’s stock valued at $163,000 after purchasing an additional 210 shares in the last quarter. Finally, SNS Financial Group LLC raised its position in SPDR Gold MiniShares Trust by 0.9% in the second quarter. SNS Financial Group LLC now owns 518,539 shares of the company’s stock valued at $23,899,000 after purchasing an additional 4,732 shares during the period.

SPDR Gold MiniShares Trust Stock Performance

NYSEARCA GLDM opened at $52.70 on Friday. The business has a 50 day moving average price of $52.87 and a two-hundred day moving average price of $49.59. SPDR Gold MiniShares Trust has a fifty-two week low of $39.19 and a fifty-two week high of $55.29.

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.