Mirae Asset Global Investments Co. Ltd. Boosts Stake in SPDR Gold MiniShares Trust (NYSEARCA:GLDM)

Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 30.0% in the 4th quarter, Holdings Channel reports. The fund owned 120,856 shares of the company’s stock after acquiring an additional 27,893 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in SPDR Gold MiniShares Trust were worth $6,002,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. First Community Trust NA bought a new position in shares of SPDR Gold MiniShares Trust during the fourth quarter worth about $43,000. Barrett & Company Inc. acquired a new stake in SPDR Gold MiniShares Trust during the third quarter valued at approximately $53,000. First Horizon Advisors Inc. bought a new position in SPDR Gold MiniShares Trust during the 3rd quarter worth approximately $65,000. Glass Jacobson Investment Advisors llc acquired a new position in shares of SPDR Gold MiniShares Trust in the 3rd quarter worth approximately $74,000. Finally, Sanctuary Wealth Management L.L.C. bought a new stake in shares of SPDR Gold MiniShares Trust in the 3rd quarter valued at approximately $76,000.

SPDR Gold MiniShares Trust Price Performance

GLDM stock opened at $56.69 on Friday. The stock’s 50 day simple moving average is $53.23 and its 200 day simple moving average is $51.85. SPDR Gold MiniShares Trust has a 12-month low of $39.35 and a 12-month high of $57.19.

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.