Lynx Investment Advisory Sells 1,505 Shares of SPDR Gold MiniShares Trust (NYSEARCA:GLDM)

Lynx Investment Advisory lowered its stake in shares of SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 2.2% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 66,416 shares of the company’s stock after selling 1,505 shares during the quarter. SPDR Gold MiniShares Trust accounts for 2.4% of Lynx Investment Advisory’s holdings, making the stock its 11th largest position. Lynx Investment Advisory’s holdings in SPDR Gold MiniShares Trust were worth $3,453,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. First Community Trust NA bought a new stake in shares of SPDR Gold MiniShares Trust during the fourth quarter valued at approximately $43,000. First Horizon Advisors Inc. bought a new stake in shares of SPDR Gold MiniShares Trust during the third quarter valued at approximately $65,000. Glass Jacobson Investment Advisors llc bought a new stake in shares of SPDR Gold MiniShares Trust during the third quarter valued at approximately $74,000. Stonebridge Financial Group LLC purchased a new position in shares of SPDR Gold MiniShares Trust in the fourth quarter valued at $89,000. Finally, Rosenberg Matthew Hamilton purchased a new position in shares of SPDR Gold MiniShares Trust in the fourth quarter valued at $106,000.

SPDR Gold MiniShares Trust Stock Down 0.8 %

NYSEARCA GLDM opened at $59.83 on Monday. The company has a fifty day moving average of $56.79 and a two-hundred day moving average of $53.95. SPDR Gold MiniShares Trust has a 52 week low of $43.04 and a 52 week high of $60.45.

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.