Wallace Advisory Group LLC Has $3.15 Million Stock Holdings in SPDR Gold MiniShares Trust (NYSEARCA:GLDM)

Wallace Advisory Group LLC lifted its position in SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 3.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 60,496 shares of the company’s stock after purchasing an additional 2,080 shares during the quarter. SPDR Gold MiniShares Trust accounts for about 2.2% of Wallace Advisory Group LLC’s holdings, making the stock its 6th largest holding. Wallace Advisory Group LLC’s holdings in SPDR Gold MiniShares Trust were worth $3,154,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Envestnet Asset Management Inc. grew its holdings in shares of SPDR Gold MiniShares Trust by 18.2% in the second quarter. Envestnet Asset Management Inc. now owns 786,355 shares of the company’s stock worth $36,243,000 after purchasing an additional 120,850 shares during the last quarter. Capstone Wealth Management Group LLC grew its holdings in SPDR Gold MiniShares Trust by 1.9% in the 2nd quarter. Capstone Wealth Management Group LLC now owns 58,632 shares of the company’s stock worth $2,702,000 after acquiring an additional 1,094 shares during the last quarter. Axxcess Wealth Management LLC increased its position in shares of SPDR Gold MiniShares Trust by 64.5% in the second quarter. Axxcess Wealth Management LLC now owns 10,444 shares of the company’s stock valued at $481,000 after acquiring an additional 4,094 shares during the period. Purus Wealth Management LLC increased its position in shares of SPDR Gold MiniShares Trust by 1.6% in the second quarter. Purus Wealth Management LLC now owns 84,505 shares of the company’s stock valued at $3,895,000 after acquiring an additional 1,294 shares during the period. Finally, WCG Wealth Advisors LLC raised its stake in shares of SPDR Gold MiniShares Trust by 9.4% during the second quarter. WCG Wealth Advisors LLC now owns 12,096 shares of the company’s stock valued at $558,000 after acquiring an additional 1,036 shares during the last quarter.

SPDR Gold MiniShares Trust Price Performance

NYSEARCA GLDM opened at $52.73 on Tuesday. The business’s 50-day moving average is $52.38 and its 200 day moving average is $50.92. SPDR Gold MiniShares Trust has a 1 year low of $39.35 and a 1 year 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.