Assetmark Inc. Decreases Stake in SPDR Gold MiniShares Trust (NYSEARCA:GLDM)

Assetmark Inc. cut its stake in SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 2.4% in the fourth quarter, Holdings Channel reports. The fund owned 473,100 shares of the company’s stock after selling 11,399 shares during the period. Assetmark Inc.’s holdings in SPDR Gold MiniShares Trust were worth $24,596,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of GLDM. Citigroup Inc. increased its stake 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 during the last quarter. Principal Financial Group Inc. acquired a new stake in shares of SPDR Gold MiniShares Trust in the 4th quarter worth $91,357,000. Quadrature Capital Ltd acquired a new stake in shares of SPDR Gold MiniShares Trust in the 3rd quarter worth $84,714,000. Benjamin Edwards Inc. increased its stake in shares of SPDR Gold MiniShares Trust by 1,805.0% in the 3rd quarter. Benjamin Edwards Inc. now owns 1,432,715 shares of the company’s stock worth $74,686,000 after acquiring an additional 1,357,506 shares during the last quarter. Finally, State Street Corp increased its stake in shares of SPDR Gold MiniShares Trust by 43.2% in the 3rd quarter. State Street Corp now owns 3,226,956 shares of the company’s stock worth $168,221,000 after acquiring an additional 973,410 shares during the last quarter.

SPDR Gold MiniShares Trust Price Performance

Shares of NYSEARCA:GLDM opened at $57.90 on Thursday. The business has a 50-day moving average price of $55.11 and a 200 day moving average price of $53.11. SPDR Gold MiniShares Trust has a 12-month low of $42.28 and a 12-month high of $58.47.

SPDR Gold MiniShares Trust Company 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.