Raymond James Financial Inc. Invests $43.70 Million in SPDR Gold MiniShares Trust (NYSEARCA:GLDM)

Raymond James Financial Inc. bought a new position in SPDR Gold MiniShares Trust (NYSEARCA:GLDM) during the fourth quarter, Holdings Channel reports. The firm bought 840,500 shares of the company’s stock, valued at approximately $43,698,000.

Other hedge funds have also recently modified their holdings of the company. First Community Trust NA purchased a new stake in shares of SPDR Gold MiniShares Trust in the fourth quarter worth about $43,000. First Horizon Advisors Inc. purchased a new stake in shares of SPDR Gold MiniShares Trust in the third quarter worth about $65,000. Glass Jacobson Investment Advisors llc purchased a new stake in shares of SPDR Gold MiniShares Trust in the third quarter worth about $74,000. Stonebridge Financial Group LLC purchased a new stake in shares of SPDR Gold MiniShares Trust in the fourth quarter worth about $89,000. Finally, Rosenberg Matthew Hamilton acquired a new position in SPDR Gold MiniShares Trust in the 4th quarter worth about $106,000.

SPDR Gold MiniShares Trust Stock Up 1.1 %

NYSEARCA GLDM opened at $57.82 on Wednesday. SPDR Gold MiniShares Trust has a twelve month low of $42.60 and a twelve month high of $58.47. The stock has a 50-day moving average of $55.57 and a 200 day moving average of $53.34.

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.