Harbor Investment Advisory LLC Increases Stake in SPDR Gold MiniShares Trust (NYSEARCA:GLDM)

Harbor Investment Advisory LLC grew its stake in SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 2.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 169,050 shares of the company’s stock after purchasing an additional 4,777 shares during the period. SPDR Gold MiniShares Trust comprises approximately 0.8% of Harbor Investment Advisory LLC’s investment portfolio, making the stock its 21st largest holding. Harbor Investment Advisory LLC owned 0.11% of SPDR Gold MiniShares Trust worth $8,789,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. First Community Trust NA purchased a new position in SPDR Gold MiniShares Trust during the fourth quarter valued at $43,000. Barrett & Company Inc. purchased a new stake in SPDR Gold MiniShares Trust during the 3rd quarter worth approximately $53,000. First Horizon Advisors Inc. acquired a new position in shares of SPDR Gold MiniShares Trust during the third quarter valued at approximately $65,000. Glass Jacobson Investment Advisors llc purchased a new position in shares of SPDR Gold MiniShares Trust in the third quarter valued at approximately $74,000. Finally, Sanctuary Wealth Management L.L.C. acquired a new stake in shares of SPDR Gold MiniShares Trust in the third quarter worth approximately $76,000.

SPDR Gold MiniShares Trust Price Performance

NYSEARCA GLDM opened at $53.53 on Tuesday. The business has a fifty day moving average price of $52.38 and a 200 day moving average price of $51.22. SPDR Gold MiniShares Trust has a one year low of $39.35 and a one year high of $55.29.

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.