Cassaday & Co Wealth Management LLC Purchases 106,433 Shares of SPDR Gold MiniShares Trust (NYSEARCA:GLDM)

Cassaday & Co Wealth Management LLC lifted its holdings in shares of SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 1.9% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 5,744,426 shares of the company’s stock after buying an additional 106,433 shares during the period. SPDR Gold MiniShares Trust accounts for approximately 8.1% of Cassaday & Co Wealth Management LLC’s holdings, making the stock its 2nd biggest position. Cassaday & Co Wealth Management LLC’s holdings in SPDR Gold MiniShares Trust were worth $298,653,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. CENTRAL TRUST Co increased its position in SPDR Gold MiniShares Trust by 1.3% in the third quarter. CENTRAL TRUST Co now owns 14,935 shares of the company’s stock worth $779,000 after buying an additional 197 shares during the period. MONECO Advisors LLC grew its position in shares of SPDR Gold MiniShares Trust by 4.0% during the third quarter. MONECO Advisors LLC now owns 5,455 shares of the company’s stock worth $284,000 after acquiring an additional 208 shares during the last quarter. Allworth Financial LP increased its holdings in shares of SPDR Gold MiniShares Trust by 8.9% in the 4th quarter. Allworth Financial LP now owns 2,636 shares of the company’s stock worth $144,000 after acquiring an additional 216 shares during the period. Redhawk Wealth Advisors Inc. lifted its position in SPDR Gold MiniShares Trust by 5.4% in the 4th quarter. Redhawk Wealth Advisors Inc. now owns 4,550 shares of the company’s stock valued at $237,000 after purchasing an additional 232 shares during the last quarter. Finally, Independent Advisor Alliance lifted its position in SPDR Gold MiniShares Trust by 2.5% in the 3rd quarter. Independent Advisor Alliance now owns 9,931 shares of the company’s stock valued at $518,000 after purchasing an additional 244 shares during the last quarter.

SPDR Gold MiniShares Trust Stock Performance

NYSEARCA GLDM opened at $58.19 on Friday. The company has a 50-day moving average price of $54.21 and a two-hundred day moving average price of $52.53. SPDR Gold MiniShares Trust has a 52 week low of $40.06 and a 52 week high of $58.37.

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.