Capital Planning Advisors LLC Sells 56,740 Shares of SPDR Gold MiniShares Trust (NYSEARCA:GLDM)

Capital Planning Advisors LLC cut its holdings in shares of SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 8.0% in the 4th quarter, Holdings Channel reports. The firm owned 649,170 shares of the company’s stock after selling 56,740 shares during the period. SPDR Gold MiniShares Trust makes up approximately 5.2% of Capital Planning Advisors LLC’s portfolio, making the stock its 4th largest holding. Capital Planning Advisors LLC’s holdings in SPDR Gold MiniShares Trust were worth $33,750,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. Insigneo Advisory Services LLC acquired a new stake in shares of SPDR Gold MiniShares Trust during the 2nd quarter valued at $213,000. AlTi Global Inc. acquired a new stake in shares of SPDR Gold MiniShares Trust during the second quarter worth $208,000. The Manufacturers Life Insurance Company purchased a new stake in shares of SPDR Gold MiniShares Trust during the second quarter valued at $31,681,000. Copperwynd Financial LLC increased its stake in SPDR Gold MiniShares Trust by 1.0% in the 2nd quarter. Copperwynd Financial LLC now owns 50,770 shares of the company’s stock worth $2,466,000 after purchasing an additional 506 shares in the last quarter. Finally, Creative Planning raised its holdings in SPDR Gold MiniShares Trust by 6.1% during the 2nd quarter. Creative Planning now owns 42,039 shares of the company’s stock worth $1,938,000 after buying an additional 2,400 shares during the period.

SPDR Gold MiniShares Trust Stock Performance

GLDM stock opened at $54.62 on Thursday. SPDR Gold MiniShares Trust has a 52-week low of $39.35 and a 52-week high of $55.29. The company’s 50 day simple moving average is $52.51 and its 200-day simple moving average is $51.29.

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.