Transamerica Financial Advisors Inc. Raises Position in SPDR Gold MiniShares Trust (NYSEARCA:GLDM)

Transamerica Financial Advisors Inc. raised its holdings in shares of SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 0.6% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 86,818 shares of the company’s stock after acquiring an additional 515 shares during the period. Transamerica Financial Advisors Inc.’s holdings in SPDR Gold MiniShares Trust were worth $4,514,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the business. First Community Trust NA purchased a new position in shares of SPDR Gold MiniShares Trust during the fourth quarter worth about $43,000. Glass Jacobson Investment Advisors llc bought a new stake in SPDR Gold MiniShares Trust during the third quarter valued at approximately $74,000. Stonebridge Financial Group LLC bought a new position in shares of SPDR Gold MiniShares Trust in the 4th quarter worth $89,000. Rosenberg Matthew Hamilton purchased a new stake in shares of SPDR Gold MiniShares Trust during the 4th quarter valued at $106,000. Finally, WealthTrak Capital Management LLC purchased a new stake in shares of SPDR Gold MiniShares Trust during the 4th quarter valued at $118,000.

SPDR Gold MiniShares Trust Trading Up 0.8 %

Shares of NYSEARCA:GLDM opened at $61.03 on Friday. SPDR Gold MiniShares Trust has a 52-week low of $44.19 and a 52-week high of $61.14. The firm has a fifty day moving average of $57.48 and a 200 day moving average of $54.25.

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.