Modern Wealth Management LLC Sells 3,776 Shares of SPDR Gold MiniShares Trust (NYSEARCA:GLDM)

Modern Wealth Management LLC lessened its position in SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 48.9% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 3,950 shares of the company’s stock after selling 3,776 shares during the period. Modern Wealth Management LLC’s holdings in SPDR Gold MiniShares Trust were worth $228,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. First Community Trust NA bought a new stake in SPDR Gold MiniShares Trust in the 4th quarter worth approximately $43,000. Glass Jacobson Investment Advisors llc purchased a new stake in SPDR Gold MiniShares Trust during the third quarter valued at $74,000. Stonebridge Financial Group LLC bought a new position in SPDR Gold MiniShares Trust in the fourth quarter valued at about $89,000. Rosenberg Matthew Hamilton purchased a new position in SPDR Gold MiniShares Trust in the fourth quarter worth about $106,000. Finally, PNC Financial Services Group Inc. grew its stake in shares of SPDR Gold MiniShares Trust by 468.6% during the 4th quarter. PNC Financial Services Group Inc. now owns 2,428 shares of the company’s stock valued at $126,000 after purchasing an additional 2,001 shares during the period.

SPDR Gold MiniShares Trust Stock Up 0.8 %

NYSEARCA GLDM opened at $61.03 on Friday. The company has a 50-day moving average price of $57.48 and a 200-day moving average price of $54.25. SPDR Gold MiniShares Trust has a 52 week low of $44.19 and a 52 week high of $61.14.

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.