Independent Advisor Alliance Purchases 244 Shares of SPDR Gold MiniShares Trust (NYSEARCA:GLDM)

Independent Advisor Alliance increased its position in shares of SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 2.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 9,931 shares of the company’s stock after buying an additional 244 shares during the period. Independent Advisor Alliance’s holdings in SPDR Gold MiniShares Trust were worth $518,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in GLDM. Hantz Financial Services Inc. purchased a new stake in shares of SPDR Gold MiniShares Trust during the second quarter valued at about $28,000. Family Firm Inc. acquired a new stake in SPDR Gold MiniShares Trust during the 2nd quarter worth about $32,000. Rothschild Investment LLC acquired a new stake in shares of SPDR Gold MiniShares Trust during the second quarter worth about $38,000. Barrett & Company Inc. acquired a new stake in SPDR Gold MiniShares Trust during the 3rd quarter valued at approximately $53,000. Finally, First Horizon Advisors Inc. purchased a new stake in SPDR Gold MiniShares Trust in the third quarter valued at $65,000.

SPDR Gold MiniShares Trust Trading Up 0.2 %

Shares of GLDM stock opened at $52.24 on Thursday. The stock has a 50 day moving average of $52.82 and a 200 day moving average of $49.55. SPDR Gold MiniShares Trust has a twelve month low of $39.19 and a twelve month 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.