Burt Wealth Advisors Sells 5,303 Shares of SPDR Gold MiniShares Trust (NYSEARCA:GLDM)

Burt Wealth Advisors lowered its stake in SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 1.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 549,192 shares of the company’s stock after selling 5,303 shares during the period. SPDR Gold MiniShares Trust makes up about 7.2% of Burt Wealth Advisors’ investment portfolio, making the stock its 4th largest holding. Burt Wealth Advisors owned approximately 0.35% of SPDR Gold MiniShares Trust worth $28,552,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of GLDM. Creative Financial Designs Inc. ADV acquired a new stake in shares of SPDR Gold MiniShares Trust during the third quarter worth $249,000. Asset Management One Co. Ltd. raised its holdings in SPDR Gold MiniShares Trust by 28.1% during the 3rd quarter. Asset Management One Co. Ltd. now owns 4,017,429 shares of the company’s stock worth $209,429,000 after buying an additional 880,693 shares during the period. PDS Planning Inc lifted its stake in SPDR Gold MiniShares Trust by 132.9% during the third quarter. PDS Planning Inc now owns 26,033 shares of the company’s stock valued at $1,357,000 after buying an additional 14,855 shares in the last quarter. Global Wealth Management Investment Advisory Inc. boosted its holdings in shares of SPDR Gold MiniShares Trust by 14.4% in the third quarter. Global Wealth Management Investment Advisory Inc. now owns 39,122 shares of the company’s stock worth $2,039,000 after buying an additional 4,922 shares during the period. Finally, Advisor Resource Council purchased a new position in shares of SPDR Gold MiniShares Trust in the third quarter worth approximately $690,000.

SPDR Gold MiniShares Trust Stock Performance

Shares of NYSEARCA:GLDM opened at $57.27 on Tuesday. The firm has a 50 day simple moving average of $54.88 and a 200 day simple moving average of $53.00. SPDR Gold MiniShares Trust has a 52 week low of $41.52 and a 52 week high of $58.47.

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.