Mayflower Financial Advisors LLC Takes Position in SPDR Gold MiniShares Trust (NYSEARCA:GLDM)

Mayflower Financial Advisors LLC bought a new position in shares of SPDR Gold MiniShares Trust (NYSEARCA:GLDM) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 17,524 shares of the company’s stock, valued at approximately $911,000.

A number of other institutional investors have also added to or reduced their stakes in GLDM. First Community Trust NA bought a new stake in shares of SPDR Gold MiniShares Trust in the 4th quarter worth approximately $43,000. Barrett & Company Inc. bought a new position in SPDR Gold MiniShares Trust in the third quarter worth $53,000. First Horizon Advisors Inc. acquired a new stake in SPDR Gold MiniShares Trust during the third quarter worth $65,000. Glass Jacobson Investment Advisors llc bought a new stake in SPDR Gold MiniShares Trust in the 3rd quarter valued at $74,000. Finally, Sanctuary Wealth Management L.L.C. bought a new stake in SPDR Gold MiniShares Trust in the 3rd quarter valued at $76,000.

SPDR Gold MiniShares Trust Stock Up 0.8 %

NYSEARCA:GLDM opened at $54.77 on Wednesday. The company has a 50-day moving average of $52.77 and a 200-day moving average of $51.52. SPDR Gold MiniShares Trust has a 52 week low of $39.35 and a 52 week high of $55.29.

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.