SPDR Gold MiniShares Trust (NYSEARCA:GLDM) Stake Raised by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company increased its holdings in SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 0.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 688,018 shares of the company’s stock after buying an additional 486 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in SPDR Gold MiniShares Trust were worth $35,866,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. Hantz Financial Services Inc. bought a new position in shares of SPDR Gold MiniShares Trust in the second quarter valued at approximately $28,000. Family Firm Inc. bought a new stake in SPDR Gold MiniShares Trust during the second quarter worth approximately $32,000. Rothschild Investment LLC acquired a new position in SPDR Gold MiniShares Trust in the second quarter worth approximately $38,000. Barrett & Company Inc. bought a new position in shares of SPDR Gold MiniShares Trust in the third quarter valued at $53,000. Finally, First Horizon Advisors Inc. acquired a new stake in shares of SPDR Gold MiniShares Trust during the 3rd quarter valued at $65,000.

SPDR Gold MiniShares Trust Stock Performance

Shares of NYSEARCA GLDM opened at $52.70 on Friday. The stock’s fifty day simple moving average is $52.87 and its 200 day simple moving average is $49.59. SPDR Gold MiniShares Trust has a 52-week low of $39.19 and a 52-week high of $55.29.

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.