SPDR Gold MiniShares Trust (NYSEARCA:GLDM) Shares Sold by Hobbs Group Advisors LLC

Hobbs Group Advisors LLC decreased its position in shares of SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 21.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 99,228 shares of the company’s stock after selling 27,484 shares during the quarter. SPDR Gold MiniShares Trust makes up about 1.9% of Hobbs Group Advisors LLC’s holdings, making the stock its 11th largest position. Hobbs Group Advisors LLC owned 0.06% of SPDR Gold MiniShares Trust worth $5,159,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the company. Allworth Financial LP raised its position in SPDR Gold MiniShares Trust by 8.9% in the 4th quarter. Allworth Financial LP now owns 2,636 shares of the company’s stock valued at $144,000 after purchasing an additional 216 shares during the last quarter. Redhawk Wealth Advisors Inc. increased its stake in SPDR Gold MiniShares Trust by 5.4% in the fourth quarter. Redhawk Wealth Advisors Inc. now owns 4,550 shares of the company’s stock valued at $237,000 after purchasing an additional 232 shares during the period. Envestnet Portfolio Solutions Inc. raised its holdings in shares of SPDR Gold MiniShares Trust by 2.9% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 9,094 shares of the company’s stock valued at $473,000 after buying an additional 257 shares during the last quarter. Retirement Income Solutions Inc boosted its stake in shares of SPDR Gold MiniShares Trust by 0.3% during the fourth quarter. Retirement Income Solutions Inc now owns 133,659 shares of the company’s stock worth $6,949,000 after buying an additional 349 shares during the period. Finally, DeDora Capital Inc. grew its holdings in shares of SPDR Gold MiniShares Trust by 5.6% during the fourth quarter. DeDora Capital Inc. now owns 7,842 shares of the company’s stock worth $408,000 after buying an additional 414 shares during the last quarter.

SPDR Gold MiniShares Trust Stock Performance

Shares of GLDM stock opened at $61.03 on Friday. SPDR Gold MiniShares Trust has a 52-week low of $44.19 and a 52-week high of $61.14. The stock’s 50-day moving average price is $57.48 and its 200 day moving average price is $54.25.

About SPDR Gold MiniShares Trust

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.