4,949 Shares in SPDR Gold MiniShares Trust (NYSEARCA:GLDM) Acquired by Sowell Financial Services LLC

Sowell Financial Services LLC purchased a new position in SPDR Gold MiniShares Trust (NYSEARCA:GLDM) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 4,949 shares of the company’s stock, valued at approximately $306,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. GAMMA Investing LLC bought a new position in shares of SPDR Gold MiniShares Trust during the 1st quarter valued at $29,000. Studio Investment Management LLC bought a new position in shares of SPDR Gold MiniShares Trust during the 4th quarter valued at $36,000. Ancora Advisors LLC bought a new position in shares of SPDR Gold MiniShares Trust during the 4th quarter valued at $79,000. Parallel Advisors LLC lifted its holdings in shares of SPDR Gold MiniShares Trust by 18,928.6% during the 1st quarter. Parallel Advisors LLC now owns 1,332 shares of the company’s stock valued at $82,000 after buying an additional 1,325 shares during the period. Finally, FWL Investment Management LLC bought a new position in shares of SPDR Gold MiniShares Trust during the 4th quarter valued at $83,000.

SPDR Gold MiniShares Trust Price Performance

NYSEARCA GLDM opened at $66.66 on Friday. The business’s fifty day moving average price is $65.75 and its 200-day moving average price is $59.55. SPDR Gold MiniShares Trust has a 1-year low of $45.47 and a 1-year high of $68.26.

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.