Gradient Capital Advisors LLC Sells 1,257 Shares of SPDR Gold MiniShares Trust (NYSEARCA:GLDM)

Gradient Capital Advisors LLC trimmed its position in shares of SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 3.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 31,702 shares of the company’s stock after selling 1,257 shares during the period. Gradient Capital Advisors LLC’s holdings in SPDR Gold MiniShares Trust were worth $1,648,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Exchange Traded Concepts LLC increased its stake in shares of SPDR Gold MiniShares Trust by 7.2% during the 3rd quarter. Exchange Traded Concepts LLC now owns 3,125 shares of the company’s stock worth $163,000 after purchasing an additional 210 shares during the last quarter. Redhawk Wealth Advisors Inc. bought a new position in SPDR Gold MiniShares Trust during the third quarter worth about $225,000. Cabot Wealth Management Inc. increased its position in SPDR Gold MiniShares Trust by 8.5% during the third quarter. Cabot Wealth Management Inc. now owns 62,487 shares of the company’s stock worth $3,257,000 after buying an additional 4,875 shares during the last quarter. Capstone Wealth Management Group LLC raised its stake in SPDR Gold MiniShares Trust by 0.9% in the third quarter. Capstone Wealth Management Group LLC now owns 59,177 shares of the company’s stock valued at $3,085,000 after buying an additional 545 shares during the period. Finally, Sentinel Pension Advisors Inc. lifted its position in shares of SPDR Gold MiniShares Trust by 2.4% in the third quarter. Sentinel Pension Advisors Inc. now owns 425,287 shares of the company’s stock valued at $22,170,000 after buying an additional 9,865 shares during the last quarter.

SPDR Gold MiniShares Trust Stock Performance

GLDM opened at $57.41 on Wednesday. The stock’s fifty day simple moving average is $53.52 and its 200 day simple moving average is $52.12. SPDR Gold MiniShares Trust has a 1-year low of $39.35 and a 1-year high of $57.69.

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.