AlTi Global Inc. Buys New Stake in SPDR Gold MiniShares Trust (NYSEARCA:GLDM)

AlTi Global Inc. purchased a new position in SPDR Gold MiniShares Trust (NYSEARCA:GLDM) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 4,518 shares of the company’s stock, valued at approximately $208,000.

Several other hedge funds and other institutional investors have also made changes to their positions in GLDM. MONECO Advisors LLC bought a new position in SPDR Gold MiniShares Trust during the second quarter valued at approximately $242,000. Raymond James Financial Services Advisors Inc. boosted its position in shares of SPDR Gold MiniShares Trust by 1.9% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 407,243 shares of the company’s stock valued at $18,770,000 after acquiring an additional 7,671 shares during the last quarter. Vermillion & White Wealth Management Group LLC purchased a new position in shares of SPDR Gold MiniShares Trust in the fourth quarter valued at $1,453,000. Myecfo LLC increased its position in SPDR Gold MiniShares Trust by 33.6% in the first quarter. Myecfo LLC now owns 12,925 shares of the company’s stock worth $569,000 after purchasing an additional 3,250 shares during the last quarter. Finally, US Bancorp DE raised its stake in SPDR Gold MiniShares Trust by 33.2% during the first quarter. US Bancorp DE now owns 33,334 shares of the company’s stock valued at $1,468,000 after purchasing an additional 8,317 shares in the last quarter.

SPDR Gold MiniShares Trust Price Performance

Shares of NYSEARCA:GLDM opened at $52.97 on Friday. The firm has a fifty day simple moving average of $49.41 and a two-hundred day simple moving average of $47.18. SPDR Gold MiniShares Trust has a 52 week low of $35.99 and a 52 week high of $53.05.

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.