Penobscot Wealth Management Has $3.54 Million Stock Position in SPDR Gold MiniShares Trust $GLDM

Penobscot Wealth Management boosted its stake in shares of SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 0.6% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 53,949 shares of the company’s stock after buying an additional 347 shares during the period. SPDR Gold MiniShares Trust makes up approximately 1.3% of Penobscot Wealth Management’s holdings, making the stock its 14th biggest holding. Penobscot Wealth Management’s holdings in SPDR Gold MiniShares Trust were worth $3,535,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of GLDM. Jane Street Group LLC acquired a new stake in SPDR Gold MiniShares Trust during the 1st quarter worth approximately $395,321,000. Mizuho Bank Ltd. acquired a new stake in SPDR Gold MiniShares Trust during the 1st quarter worth approximately $68,079,000. Charles Schwab Investment Management Inc. acquired a new stake in SPDR Gold MiniShares Trust during the 1st quarter worth approximately $65,351,000. Principal Financial Group Inc. raised its holdings in SPDR Gold MiniShares Trust by 55.3% during the 1st quarter. Principal Financial Group Inc. now owns 2,729,216 shares of the company’s stock worth $168,911,000 after buying an additional 972,011 shares during the period. Finally, 3EDGE Asset Management LP raised its holdings in SPDR Gold MiniShares Trust by 43.0% during the 2nd quarter. 3EDGE Asset Management LP now owns 2,211,620 shares of the company’s stock worth $144,905,000 after buying an additional 664,523 shares during the period.

SPDR Gold MiniShares Trust Stock Performance

Shares of GLDM stock opened at $81.23 on Monday. SPDR Gold MiniShares Trust has a 52 week low of $50.67 and a 52 week high of $86.75. The company’s 50 day moving average price is $74.37 and its two-hundred day moving average price is $68.84.

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.