9,554 Shares in SPDR Gold MiniShares Trust (NYSEARCA:GLDM) Purchased by Sovereign Financial Group Inc.

Sovereign Financial Group Inc. purchased a new position in SPDR Gold MiniShares Trust (NYSEARCA:GLDM) during the third quarter, HoldingsChannel reports. The fund purchased 9,554 shares of the company’s stock, valued at approximately $498,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Hantz Financial Services Inc. purchased a new stake in shares of SPDR Gold MiniShares Trust during the 2nd quarter valued at about $28,000. Family Firm Inc. bought a new stake in shares of SPDR Gold MiniShares Trust in the 2nd quarter valued at approximately $32,000. Northwest Capital Management Inc purchased a new position in shares of SPDR Gold MiniShares Trust in the 1st quarter worth approximately $37,000. Rothschild Investment LLC purchased a new position in shares of SPDR Gold MiniShares Trust in the 2nd quarter worth approximately $38,000. Finally, Palisade Asset Management LLC bought a new position in shares of SPDR Gold MiniShares Trust during the 1st quarter valued at approximately $50,000.

SPDR Gold MiniShares Trust Stock Performance

Shares of GLDM opened at $51.70 on Thursday. The business has a fifty day moving average of $50.28 and a 200 day moving average of $47.80. SPDR Gold MiniShares Trust has a 52-week low of $36.77 and a 52-week high of $53.05.

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.