N.E.W. Advisory Services LLC Invests $257,000 in SPDR Gold MiniShares Trust (NYSEARCA:GLDM)

N.E.W. Advisory Services LLC purchased a new position in shares of SPDR Gold MiniShares Trust (NYSEARCA:GLDM) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 4,937 shares of the company’s stock, valued at approximately $257,000.

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

SPDR Gold MiniShares Trust Stock Performance

Shares of SPDR Gold MiniShares Trust stock opened at $55.48 on Friday. SPDR Gold MiniShares Trust has a 1-year low of $39.35 and a 1-year high of $55.81. The stock’s 50 day simple moving average is $52.90 and its 200-day simple moving average is $51.64.

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.