Baker Tilly Wealth Management LLC Buys 2,165 Shares of SPDR Gold MiniShares Trust (NYSEARCA:GLDM)

Baker Tilly Wealth Management LLC raised its stake in SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 4.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 52,495 shares of the company’s stock after purchasing an additional 2,165 shares during the period. SPDR Gold MiniShares Trust accounts for 1.1% of Baker Tilly Wealth Management LLC’s holdings, making the stock its 19th biggest holding. Baker Tilly Wealth Management LLC’s holdings in SPDR Gold MiniShares Trust were worth $2,729,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Bangor Savings Bank boosted its position in shares of SPDR Gold MiniShares Trust by 6.0% during the fourth quarter. Bangor Savings Bank now owns 369,359 shares of the company’s stock valued at $19,203,000 after buying an additional 21,056 shares during the last quarter. Confluence Investment Management LLC increased its position in SPDR Gold MiniShares Trust by 1.0% in the fourth quarter. Confluence Investment Management LLC now owns 627,966 shares of the company’s stock worth $32,648,000 after buying an additional 6,010 shares during the last quarter. Copley Financial Group Inc. purchased a new stake in SPDR Gold MiniShares Trust in the 3rd quarter worth about $7,230,000. Synovus Financial Corp lifted its holdings in SPDR Gold MiniShares Trust by 82.1% during the third quarter. Synovus Financial Corp now owns 244,514 shares of the company’s stock valued at $12,747,000 after purchasing an additional 110,221 shares during the last quarter. Finally, Virtu Financial LLC purchased a new position in shares of SPDR Gold MiniShares Trust in the third quarter worth about $1,678,000.

SPDR Gold MiniShares Trust Trading Up 1.1 %

GLDM stock traded up $0.56 during midday trading on Friday, reaching $53.34. 2,992,695 shares of the company’s stock traded hands, compared to its average volume of 2,210,083. SPDR Gold MiniShares Trust has a 52 week low of $39.35 and a 52 week high of $55.29. The company has a 50-day moving average price of $52.39 and a two-hundred day moving average price of $50.80.

About SPDR Gold MiniShares Trust

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.