Absolute Capital Management LLC Makes New Investment in SPDR Gold MiniShares Trust $GLDM

Absolute Capital Management LLC purchased a new stake in SPDR Gold MiniShares Trust (NYSEARCA:GLDM) during the second quarter, Holdings Channel reports. The fund purchased 13,136 shares of the company’s stock, valued at approximately $861,000.

Several other large investors have also recently made changes to their positions in GLDM. ORG Partners LLC acquired a new stake in SPDR Gold MiniShares Trust in the 2nd quarter valued at approximately $28,000. Asset Planning Inc purchased a new position in shares of SPDR Gold MiniShares Trust during the first quarter worth $29,000. Mid American Wealth Advisory Group Inc. acquired a new stake in shares of SPDR Gold MiniShares Trust in the second quarter valued at $31,000. Atlantic Union Bankshares Corp purchased a new stake in shares of SPDR Gold MiniShares Trust in the 2nd quarter valued at $31,000. Finally, Beacon Capital Management LLC purchased a new stake in shares of SPDR Gold MiniShares Trust in the 2nd quarter valued at $38,000.

SPDR Gold MiniShares Trust Stock Performance

Shares of SPDR Gold MiniShares Trust stock opened at $80.70 on Thursday. The business has a 50-day moving average of $78.47 and a 200 day moving average of $70.72. SPDR Gold MiniShares Trust has a 12 month low of $51.24 and a 12 month high of $86.75.

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.