SPDR Gold MiniShares Trust (NYSEARCA:GLDM) is Encompass More Asset Management’s 4th Largest Position

Encompass More Asset Management boosted its holdings in shares of SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 13.5% in the fourth quarter, Holdings Channel.com reports. The fund owned 169,646 shares of the company’s stock after acquiring an additional 20,133 shares during the quarter. SPDR Gold MiniShares Trust comprises 2.9% of Encompass More Asset Management’s portfolio, making the stock its 4th biggest holding. Encompass More Asset Management’s holdings in SPDR Gold MiniShares Trust were worth $8,820,000 as of its most recent SEC filing.

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

SPDR Gold MiniShares Trust Stock Up 0.8 %

NYSEARCA:GLDM opened at $55.01 on Friday. The stock has a 50 day moving average price of $52.58 and a 200 day moving average price of $51.31. SPDR Gold MiniShares Trust has a one year low of $39.35 and a one year high of $55.29.

SPDR Gold MiniShares Trust Company 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.