NavPoint Financial Inc. Has $14.73 Million Stock Position in SPDR Gold MiniShares Trust (NYSEARCA:GLDM)

NavPoint Financial Inc. lessened its stake in SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 5.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 283,289 shares of the company’s stock after selling 15,240 shares during the period. SPDR Gold MiniShares Trust makes up approximately 11.6% of NavPoint Financial Inc.’s holdings, making the stock its largest position. NavPoint Financial Inc.’s holdings in SPDR Gold MiniShares Trust were worth $14,728,000 at the end of the most recent reporting period.

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

SPDR Gold MiniShares Trust Trading Up 0.2 %

NYSEARCA:GLDM opened at $55.48 on Monday. SPDR Gold MiniShares Trust has a 12-month low of $39.35 and a 12-month high of $55.81. The stock has a 50-day moving average price of $52.90 and a 200 day moving average price of $51.66.

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.