J.W. Cole Advisors Inc. Invests $230,000 in SPDR Gold MiniShares Trust (NYSEARCA:GLDM)

J.W. Cole Advisors Inc. bought a new position in shares of SPDR Gold MiniShares Trust (NYSEARCA:GLDM) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 4,407 shares of the company’s stock, valued at approximately $230,000.

Several other large investors also recently made changes to their positions in GLDM. Cassaday & Co Wealth Management LLC bought a new position in SPDR Gold MiniShares Trust in the second quarter valued at about $251,429,000. The Manufacturers Life Insurance Company bought a new position in SPDR Gold MiniShares Trust in the second quarter valued at about $31,681,000. Sentinel Pension Advisors Inc. bought a new position in SPDR Gold MiniShares Trust in the first quarter valued at about $17,945,000. Sei Investments Co. boosted its holdings in SPDR Gold MiniShares Trust by 173.7% in the first quarter. Sei Investments Co. now owns 570,572 shares of the company’s stock valued at $25,134,000 after acquiring an additional 362,121 shares during the last quarter. Finally, Nisa Investment Advisors LLC bought a new position in SPDR Gold MiniShares Trust in the second quarter valued at about $15,542,000.

SPDR Gold MiniShares Trust Trading Down 0.4 %

SPDR Gold MiniShares Trust stock opened at $54.18 on Friday. The business’s 50-day simple moving average is $51.91 and its 200 day simple moving average is $48.74. SPDR Gold MiniShares Trust has a 12-month low of $38.32 and a 12-month high of $55.29.

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.