Purus Wealth Management LLC Purchases 9,980 Shares of SPDR Gold MiniShares Trust (NYSEARCA:GLDM)

Purus Wealth Management LLC boosted its position in shares of SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 11.7% in the 4th quarter, HoldingsChannel.com reports. The firm owned 95,050 shares of the company’s stock after buying an additional 9,980 shares during the quarter. SPDR Gold MiniShares Trust makes up about 2.0% of Purus Wealth Management LLC’s portfolio, making the stock its 12th largest position. Purus Wealth Management LLC’s holdings in SPDR Gold MiniShares Trust were worth $4,942,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in GLDM. First Community Trust NA acquired a new position in SPDR Gold MiniShares Trust in the fourth quarter valued at approximately $43,000. Barrett & Company Inc. acquired a new position in shares of SPDR Gold MiniShares Trust in the 3rd quarter valued at $53,000. 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 bought a new stake in shares of SPDR Gold MiniShares Trust in the third quarter worth about $74,000. Finally, Sanctuary Wealth Management L.L.C. acquired a new stake in shares of SPDR Gold MiniShares Trust during the third quarter worth about $76,000.

SPDR Gold MiniShares Trust Trading Down 0.5 %

Shares of GLDM opened at $53.53 on Monday. The stock has a 50 day simple moving average of $52.35 and a 200 day simple moving average of $51.17. SPDR Gold MiniShares Trust has a 52-week low of $39.35 and a 52-week high of $55.29.

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.