Entrewealth LLC Purchases New Stake in SPDR Gold MiniShares Trust (NYSEARCA:GLDM)

Entrewealth LLC bought a new stake in SPDR Gold MiniShares Trust (NYSEARCA:GLDM) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 50,408 shares of the company’s stock, valued at approximately $2,656,000. SPDR Gold MiniShares Trust accounts for about 2.5% of Entrewealth LLC’s holdings, making the stock its 13th biggest position.

Other hedge funds have also recently added to or reduced their stakes in the company. First Community Trust NA acquired a new position in SPDR Gold MiniShares Trust in the fourth quarter valued at about $43,000. First Horizon Advisors Inc. acquired a new position in SPDR Gold MiniShares Trust in the third quarter valued at about $65,000. Glass Jacobson Investment Advisors llc acquired a new position in SPDR Gold MiniShares Trust in the third quarter valued at about $74,000. Stonebridge Financial Group LLC acquired a new position in SPDR Gold MiniShares Trust in the fourth quarter valued at about $89,000. Finally, Rosenberg Matthew Hamilton acquired a new stake in shares of SPDR Gold MiniShares Trust during the fourth quarter worth about $106,000.

SPDR Gold MiniShares Trust Stock Up 0.5 %

NYSEARCA GLDM opened at $59.44 on Tuesday. The stock’s 50-day moving average is $56.21 and its 200-day moving average is $53.65. SPDR Gold MiniShares Trust has a one year low of $42.61 and a one year high of $59.97.

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.