GeoWealth Management LLC Sells 68,592 Shares of SPDR Gold MiniShares Trust (NYSEARCA:GLDM)

GeoWealth Management LLC decreased its holdings in SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 53.1% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 60,660 shares of the company’s stock after selling 68,592 shares during the period. GeoWealth Management LLC’s holdings in SPDR Gold MiniShares Trust were worth $3,154,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in GLDM. Brookstone Capital Management lifted its position in SPDR Gold MiniShares Trust by 25.5% during the fourth quarter. Brookstone Capital Management now owns 99,042 shares of the company’s stock worth $5,149,000 after acquiring an additional 20,124 shares during the last quarter. Allworth Financial LP increased its stake in shares of SPDR Gold MiniShares Trust by 8.9% during the fourth quarter. Allworth Financial LP now owns 2,636 shares of the company’s stock worth $144,000 after purchasing an additional 216 shares during the period. FMR LLC lifted its holdings in SPDR Gold MiniShares Trust by 50.2% during the 3rd quarter. FMR LLC now owns 7,425 shares of the company’s stock worth $387,000 after purchasing an additional 2,480 shares during the last quarter. Envestnet Portfolio Solutions Inc. boosted its stake in SPDR Gold MiniShares Trust by 2.9% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 9,094 shares of the company’s stock valued at $473,000 after purchasing an additional 257 shares during the period. Finally, Theory Financial LLC acquired a new position in SPDR Gold MiniShares Trust in the 4th quarter valued at $491,000.

SPDR Gold MiniShares Trust Price Performance

GLDM opened at $65.78 on Friday. The stock has a fifty day moving average of $59.78 and a 200-day moving average of $55.49. SPDR Gold MiniShares Trust has a fifty-two week low of $45.13 and a fifty-two week high of $66.21.

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.