Confluence Investment Management LLC Increases Stake in SPDR Gold MiniShares Trust (NYSEARCA:GLDM)

Confluence Investment Management LLC increased its holdings in SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 1.0% in the fourth quarter, Holdings Channel reports. The fund owned 627,966 shares of the company’s stock after purchasing an additional 6,010 shares during the quarter. Confluence Investment Management LLC’s holdings in SPDR Gold MiniShares Trust were worth $32,648,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in GLDM. Citigroup Inc. raised its position in shares of 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 acquiring an additional 1,889,934 shares in the last quarter. Quadrature Capital Ltd purchased a new position in SPDR Gold MiniShares Trust in the third quarter valued at about $84,714,000. Benjamin Edwards Inc. raised its holdings in SPDR Gold MiniShares Trust by 1,805.0% in the third quarter. Benjamin Edwards Inc. now owns 1,432,715 shares of the company’s stock worth $74,686,000 after purchasing an additional 1,357,506 shares in the last quarter. State Street Corp lifted its position in shares of SPDR Gold MiniShares Trust by 43.2% during the third quarter. State Street Corp now owns 3,226,956 shares of the company’s stock valued at $168,221,000 after buying an additional 973,410 shares during the last quarter. Finally, Asset Management One Co. Ltd. boosted its holdings in shares of SPDR Gold MiniShares Trust by 28.1% in the 3rd quarter. Asset Management One Co. Ltd. now owns 4,017,429 shares of the company’s stock valued at $209,429,000 after buying an additional 880,693 shares in the last quarter.

SPDR Gold MiniShares Trust Trading Up 1.0 %

NYSEARCA:GLDM traded up $0.51 during midday trading on Thursday, reaching $52.50. 785,781 shares of the stock traded hands, compared to its average volume of 3,502,974. SPDR Gold MiniShares Trust has a 12-month low of $39.35 and a 12-month high of $55.29. The business has a 50-day moving average of $52.63 and a two-hundred day moving average of $50.56.

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.