Advisory Services Network LLC Has $3.57 Million Stock Position in SPDR Gold MiniShares Trust $GLDM

Advisory Services Network LLC lifted its stake in SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 293.4% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 54,776 shares of the company’s stock after purchasing an additional 40,851 shares during the period. Advisory Services Network LLC’s holdings in SPDR Gold MiniShares Trust were worth $3,569,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. ORG Partners LLC bought a new position in SPDR Gold MiniShares Trust during the second quarter worth about $28,000. Atlantic Union Bankshares Corp acquired a new stake in shares of SPDR Gold MiniShares Trust in the 2nd quarter valued at approximately $31,000. Mid American Wealth Advisory Group Inc. bought a new position in SPDR Gold MiniShares Trust during the 2nd quarter worth approximately $31,000. Beacon Capital Management LLC bought a new position in SPDR Gold MiniShares Trust during the 2nd quarter worth approximately $38,000. Finally, Financial Management Professionals Inc. grew its holdings in SPDR Gold MiniShares Trust by 41.7% during the second quarter. Financial Management Professionals Inc. now owns 595 shares of the company’s stock valued at $39,000 after purchasing an additional 175 shares during the period.

SPDR Gold MiniShares Trust Stock Performance

GLDM opened at $85.22 on Wednesday. SPDR Gold MiniShares Trust has a 12 month low of $51.24 and a 12 month high of $86.75. The company has a fifty day simple moving average of $81.71 and a 200 day simple moving average of $73.15.

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.