Sterling Investment Advisors Ltd. Has $8.09 Million Stake in SPDR Gold MiniShares Trust (NYSEARCA:GLDM)

Sterling Investment Advisors Ltd. reduced its stake in shares of SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 1.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 155,128 shares of the company’s stock after selling 2,714 shares during the quarter. SPDR Gold MiniShares Trust makes up approximately 2.1% of Sterling Investment Advisors Ltd.’s portfolio, making the stock its 12th largest position. Sterling Investment Advisors Ltd.’s holdings in SPDR Gold MiniShares Trust were worth $8,087,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Cassaday & Co Wealth Management LLC bought a new stake in SPDR Gold MiniShares Trust in the second quarter worth $251,429,000. The Manufacturers Life Insurance Company bought a new stake in shares of SPDR Gold MiniShares Trust during the 2nd quarter worth about $31,681,000. Van ECK Associates Corp increased its holdings in shares of SPDR Gold MiniShares Trust by 10,912.7% during the 1st quarter. Van ECK Associates Corp now owns 659,993 shares of the company’s stock valued at $29,073,000 after acquiring an additional 654,000 shares during the last quarter. Sentinel Pension Advisors Inc. bought a new position in shares of SPDR Gold MiniShares Trust in the 1st quarter valued at approximately $17,945,000. Finally, Sei Investments Co. lifted its holdings in SPDR Gold MiniShares Trust by 173.7% in the 1st quarter. Sei Investments Co. now owns 570,572 shares of the company’s stock worth $25,134,000 after purchasing an additional 362,121 shares during the last quarter.

SPDR Gold MiniShares Trust Price Performance

Shares of NYSEARCA GLDM traded up $0.14 during trading hours on Friday, hitting $54.35. 2,218,055 shares of the stock were exchanged, compared to its average volume of 3,628,603. SPDR Gold MiniShares Trust has a one year low of $38.32 and a one year high of $54.47. The company’s 50 day moving average is $51.50 and its 200 day moving average is $48.52.

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.