IFP Advisors Inc Buys 5,988 Shares of SPDR Gold MiniShares Trust $GLDM

IFP Advisors Inc grew its stake in SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 24.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,730 shares of the company’s stock after acquiring an additional 5,988 shares during the period. IFP Advisors Inc’s holdings in SPDR Gold MiniShares Trust were worth $2,013,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Sumitomo Mitsui Trust Group Inc. grew its stake in SPDR Gold MiniShares Trust by 12.3% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 14,596,294 shares of the company’s stock worth $903,365,000 after acquiring an additional 1,596,294 shares in the last quarter. Jane Street Group LLC bought a new position in SPDR Gold MiniShares Trust in the 1st quarter worth about $395,321,000. Asset Management One Co. Ltd. grew its stake in SPDR Gold MiniShares Trust by 7.0% in the 1st quarter. Asset Management One Co. Ltd. now owns 4,004,390 shares of the company’s stock worth $247,832,000 after acquiring an additional 261,613 shares in the last quarter. Principal Financial Group Inc. grew its stake in SPDR Gold MiniShares Trust by 55.3% in the 1st quarter. Principal Financial Group Inc. now owns 2,729,216 shares of the company’s stock worth $168,911,000 after acquiring an additional 972,011 shares in the last quarter. Finally, LPL Financial LLC grew its stake in SPDR Gold MiniShares Trust by 23.6% in the 1st quarter. LPL Financial LLC now owns 2,715,752 shares of the company’s stock worth $168,078,000 after acquiring an additional 518,772 shares in the last quarter.

SPDR Gold MiniShares Trust Stock Performance

Shares of GLDM stock opened at $79.44 on Friday. The company’s 50-day simple moving average is $71.15 and its two-hundred day simple moving average is $67.24. SPDR Gold MiniShares Trust has a one year low of $50.67 and a one year high of $80.36.

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.