UBS Group AG Boosts Stake in SPDR Gold MiniShares (NYSEARCA:GLDM)

UBS Group AG lifted its holdings in SPDR Gold MiniShares (NYSEARCA:GLDMFree Report) by 6.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,237,643 shares of the company’s stock after acquiring an additional 191,341 shares during the period. UBS Group AG’s holdings in SPDR Gold MiniShares were worth $118,692,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. RFP Financial Group LLC purchased a new stake in SPDR Gold MiniShares in the 2nd quarter worth about $46,000. Salem Investment Counselors Inc. purchased a new stake in SPDR Gold MiniShares in the 4th quarter worth about $51,000. EverSource Wealth Advisors LLC purchased a new position in shares of SPDR Gold MiniShares during the second quarter worth approximately $63,000. Farther Finance Advisors LLC increased its position in shares of SPDR Gold MiniShares by 1,024.3% during the second quarter. Farther Finance Advisors LLC now owns 1,900 shares of the company’s stock worth $72,000 after acquiring an additional 1,731 shares during the period. Finally, Impact Partnership Wealth LLC increased its position in shares of SPDR Gold MiniShares by 471.5% during the third quarter. Impact Partnership Wealth LLC now owns 2,063 shares of the company’s stock worth $76,000 after acquiring an additional 1,702 shares during the period.

SPDR Gold MiniShares Stock Down 0.4 %

Shares of NYSEARCA:GLDM opened at $40.15 on Monday. The firm’s 50 day simple moving average is $40.32 and its 200-day simple moving average is $39.08. SPDR Gold MiniShares has a one year low of $35.91 and a one year high of $41.34.

SPDR Gold MiniShares Profile

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding GLDM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SPDR Gold MiniShares (NYSEARCA:GLDMFree Report).

Institutional Ownership by Quarter for SPDR Gold MiniShares (NYSEARCA:GLDM)

Receive News & Ratings for SPDR Gold MiniShares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SPDR Gold MiniShares and related companies with MarketBeat.com's FREE daily email newsletter.