Magnolia Private Wealth LLC Boosts Holdings in SPDR Gold MiniShares Trust $GLDM

Magnolia Private Wealth LLC increased its stake in shares of SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 51.2% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 26,462 shares of the company’s stock after purchasing an additional 8,961 shares during the period. SPDR Gold MiniShares Trust makes up approximately 1.3% of Magnolia Private Wealth LLC’s investment portfolio, making the stock its 23rd largest position. Magnolia Private Wealth LLC’s holdings in SPDR Gold MiniShares Trust were worth $1,734,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. ORG Partners LLC purchased a new position in shares of SPDR Gold MiniShares Trust during the 2nd quarter worth approximately $28,000. PSI Advisors LLC boosted its position in shares of SPDR Gold MiniShares Trust by 102.6% during the 1st quarter. PSI Advisors LLC now owns 472 shares of the company’s stock worth $29,000 after purchasing an additional 239 shares during the period. Asset Planning Inc purchased a new position in shares of SPDR Gold MiniShares Trust during the 1st quarter worth approximately $29,000. GAMMA Investing LLC purchased a new position in shares of SPDR Gold MiniShares Trust during the 1st quarter worth approximately $29,000. Finally, Beacon Capital Management LLC purchased a new position in shares of SPDR Gold MiniShares Trust during the 2nd quarter worth approximately $38,000.

SPDR Gold MiniShares Trust Stock Up 0.8%

NYSEARCA:GLDM opened at $76.45 on Wednesday. The company has a 50 day moving average price of $69.20 and a 200 day moving average price of $66.23. SPDR Gold MiniShares Trust has a fifty-two week low of $50.67 and a fifty-two week high of $76.47.

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.