Axxcess Wealth Management LLC Takes $390,000 Position in SPDR Gold MiniShares Trust (NYSEARCA:GLDM)

Axxcess Wealth Management LLC bought a new position in shares of SPDR Gold MiniShares Trust (NYSEARCA:GLDM) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 9,536 shares of the company’s stock, valued at approximately $390,000.

A number of other hedge funds have also recently made changes to their positions in the business. Bank of New York Mellon Corp boosted its holdings in SPDR Gold MiniShares Trust by 47.6% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,247,057 shares of the company’s stock worth $45,717,000 after acquiring an additional 402,451 shares during the last quarter. Park Avenue Securities LLC bought a new position in shares of SPDR Gold MiniShares Trust during the 3rd quarter valued at approximately $270,000. Sumitomo Mitsui Trust Holdings Inc. increased its stake in shares of SPDR Gold MiniShares Trust by 6.9% during the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 15,400,000 shares of the company’s stock worth $564,564,000 after purchasing an additional 1,000,000 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in SPDR Gold MiniShares Trust by 9.8% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 906,460 shares of the company’s stock valued at $33,231,000 after purchasing an additional 81,100 shares during the last quarter. Finally, Matrix Trust Co grew its holdings in SPDR Gold MiniShares Trust by 14.0% during the third quarter. Matrix Trust Co now owns 2,997 shares of the company’s stock valued at $110,000 after purchasing an additional 368 shares during the period.

SPDR Gold MiniShares Trust Trading Down 0.3 %

Shares of NYSEARCA:GLDM opened at $45.77 on Thursday. The company has a 50-day moving average price of $44.70 and a two-hundred day moving average price of $41.64. SPDR Gold MiniShares Trust has a twelve month low of $35.99 and a twelve month high of $48.21.

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.