Avid Wealth Partners LLC Cuts Holdings in SPDR Gold MiniShares Trust (NYSEARCA:GLDM)

Avid Wealth Partners LLC reduced its stake in shares of SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 5.5% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 155,972 shares of the company’s stock after selling 9,159 shares during the period. SPDR Gold MiniShares Trust comprises approximately 5.8% of Avid Wealth Partners LLC’s portfolio, making the stock its 7th biggest position. Avid Wealth Partners LLC owned about 0.10% of SPDR Gold MiniShares Trust worth $8,109,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of SPDR Gold MiniShares Trust by 30.0% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 120,856 shares of the company’s stock worth $6,002,000 after buying an additional 27,893 shares in the last quarter. Stratos Investment Management LLC increased its position in shares of SPDR Gold MiniShares Trust by 194.4% during the fourth quarter. Stratos Investment Management LLC now owns 11,404 shares of the company’s stock valued at $593,000 after acquiring an additional 7,530 shares during the last quarter. Stratos Wealth Advisors LLC lifted its holdings in SPDR Gold MiniShares Trust by 3.7% during the fourth quarter. Stratos Wealth Advisors LLC now owns 95,888 shares of the company’s stock worth $4,985,000 after acquiring an additional 3,405 shares during the period. Sargent Investment Group LLC boosted its position in SPDR Gold MiniShares Trust by 21.0% in the fourth quarter. Sargent Investment Group LLC now owns 23,015 shares of the company’s stock worth $1,214,000 after purchasing an additional 4,000 shares during the last quarter. Finally, Mather Group LLC. grew its stake in SPDR Gold MiniShares Trust by 8.0% in the 4th quarter. Mather Group LLC. now owns 7,769 shares of the company’s stock valued at $404,000 after purchasing an additional 575 shares during the period.

SPDR Gold MiniShares Trust Stock Performance

NYSEARCA GLDM opened at $56.73 on Thursday. SPDR Gold MiniShares Trust has a 52-week low of $39.35 and a 52-week high of $57.12. The company has a 50-day simple moving average of $53.15 and a 200 day simple moving average of $51.81.

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.