Confluence Investment Management LLC Grows Position in SPDR Gold MiniShares Trust (NYSEARCA:GLDM)

Confluence Investment Management LLC grew its position in SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 1.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 627,966 shares of the company’s stock after acquiring an additional 6,010 shares during the quarter. Confluence Investment Management LLC owned 0.40% of SPDR Gold MiniShares Trust worth $32,648,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the company. Principal Financial Group Inc. increased its position in SPDR Gold MiniShares Trust by 21.9% in the second quarter. Principal Financial Group Inc. now owns 38,680 shares of the company’s stock worth $1,783,000 after purchasing an additional 6,949 shares during the last quarter. Hantz Financial Services Inc. purchased a new stake in shares of SPDR Gold MiniShares Trust during the 2nd quarter valued at about $28,000. Rothschild Investment LLC bought a new position in shares of SPDR Gold MiniShares Trust in the 2nd quarter valued at about $38,000. Commonwealth Equity Services LLC grew its position in SPDR Gold MiniShares Trust by 24.3% in the second quarter. Commonwealth Equity Services LLC now owns 126,776 shares of the company’s stock worth $5,843,000 after acquiring an additional 24,772 shares in the last quarter. Finally, Foundations Investment Advisors LLC purchased a new position in SPDR Gold MiniShares Trust in the second quarter worth about $1,651,000.

SPDR Gold MiniShares Trust Trading Up 1.0 %

GLDM stock traded up $0.51 during midday trading on Thursday, reaching $52.50. 785,781 shares of the company traded hands, compared to its average volume of 3,502,974. SPDR Gold MiniShares Trust has a 52-week low of $39.35 and a 52-week high of $55.29. The business has a 50 day moving average of $52.63 and a 200-day moving average of $50.56.

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.