Verdence Capital Advisors LLC Invests $217,000 in SPDR Gold MiniShares Trust (NYSEARCA:GLDM)

Verdence Capital Advisors LLC acquired a new stake in SPDR Gold MiniShares Trust (NYSEARCA:GLDM) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,299 shares of the company’s stock, valued at approximately $217,000.

Several other hedge funds also recently added to or reduced their stakes in GLDM. Impact Partnership Wealth LLC boosted its position in shares of SPDR Gold MiniShares Trust by 471.5% during the 3rd quarter. Impact Partnership Wealth LLC now owns 2,063 shares of the company’s stock worth $76,000 after purchasing an additional 1,702 shares during the period. B.O.S.S. Retirement Advisors LLC boosted its position in SPDR Gold MiniShares Trust by 3.9% in the 3rd quarter. B.O.S.S. Retirement Advisors LLC now owns 17,108 shares of the company’s stock valued at $627,000 after buying an additional 635 shares during the period. Exchange Traded Concepts LLC purchased a new stake in SPDR Gold MiniShares Trust during the 3rd quarter worth about $213,000. Valicenti Advisory Services Inc. boosted its position in shares of SPDR Gold MiniShares Trust by 8.4% during the 3rd quarter. Valicenti Advisory Services Inc. now owns 28,672 shares of the company’s stock worth $1,051,000 after acquiring an additional 2,213 shares in the last quarter. Finally, Lam Group Inc. raised its position in shares of SPDR Gold MiniShares Trust by 55.2% during the 3rd quarter. Lam Group Inc. now owns 16,530 shares of the company’s stock worth $606,000 after acquiring an additional 5,880 shares in the last quarter.

SPDR Gold MiniShares Trust Trading Down 0.3 %

Shares of SPDR Gold MiniShares Trust stock opened at $46.05 on Wednesday. SPDR Gold MiniShares Trust has a 52 week low of $35.99 and a 52 week high of $48.21. The firm’s 50 day moving average is $43.29 and its two-hundred day moving average is $40.98.

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.