Pineridge Advisors LLC Sells 85,786 Shares of SPDR Gold MiniShares Trust (NYSEARCA:GLDM)

Pineridge Advisors LLC decreased its holdings in shares of SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 94.5% in the 4th quarter, Holdings Channel reports. The fund owned 4,996 shares of the company’s stock after selling 85,786 shares during the period. Pineridge Advisors LLC’s holdings in SPDR Gold MiniShares Trust were worth $260,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in GLDM. Cassaday & Co Wealth Management LLC grew its position in SPDR Gold MiniShares Trust by 3.4% during the 3rd quarter. Cassaday & Co Wealth Management LLC now owns 5,637,993 shares of the company’s stock worth $293,909,000 after acquiring an additional 182,816 shares during the last quarter. Asset Management One Co. Ltd. boosted its stake in shares of SPDR Gold MiniShares Trust by 28.1% during the third quarter. Asset Management One Co. Ltd. now owns 4,017,429 shares of the company’s stock valued at $209,429,000 after purchasing an additional 880,693 shares in the last quarter. State Street Corp grew its holdings in shares of SPDR Gold MiniShares Trust by 43.2% during the third quarter. State Street Corp now owns 3,226,956 shares of the company’s stock worth $168,221,000 after purchasing an additional 973,410 shares during the last quarter. Stifel Financial Corp increased its stake in shares of SPDR Gold MiniShares Trust by 2.2% in the third quarter. Stifel Financial Corp now owns 2,141,060 shares of the company’s stock valued at $111,613,000 after buying an additional 46,759 shares during the period. Finally, Citigroup Inc. raised its holdings in SPDR Gold MiniShares Trust by 5,727,072.7% in the 3rd quarter. Citigroup Inc. now owns 1,889,967 shares of the company’s stock valued at $98,524,000 after buying an additional 1,889,934 shares during the last quarter.

SPDR Gold MiniShares Trust Price Performance

GLDM opened at $57.61 on Tuesday. SPDR Gold MiniShares Trust has a fifty-two week low of $39.35 and a fifty-two week high of $57.69. The company’s 50 day moving average price is $53.42 and its two-hundred day moving average price is $52.05.

SPDR Gold MiniShares Trust 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.