Arete Wealth Advisors LLC Has $6.31 Million Holdings in SPDR Gold MiniShares Trust (NYSEARCA:GLDM)

Arete Wealth Advisors LLC decreased its position in SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 5.2% during the 3rd quarter, Holdings Channel.com reports. The firm owned 121,124 shares of the company’s stock after selling 6,641 shares during the period. Arete Wealth Advisors LLC’s holdings in SPDR Gold MiniShares Trust were worth $6,309,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Cassaday & Co Wealth Management LLC bought a new position in SPDR Gold MiniShares Trust during the 2nd quarter worth $251,429,000. Citigroup Inc. grew its stake in shares of SPDR Gold MiniShares Trust by 5,727,072.7% in the third quarter. Citigroup Inc. now owns 1,889,967 shares of the company’s stock valued at $98,524,000 after acquiring an additional 1,889,934 shares in the last quarter. Quadrature Capital Ltd bought a new position in SPDR Gold MiniShares Trust during the third quarter worth about $84,714,000. Benjamin Edwards Inc. raised its stake in SPDR Gold MiniShares Trust by 1,805.0% in the 3rd quarter. Benjamin Edwards Inc. now owns 1,432,715 shares of the company’s stock worth $74,686,000 after purchasing an additional 1,357,506 shares in the last quarter. Finally, State Street Corp boosted its holdings in SPDR Gold MiniShares Trust by 43.2% in the 3rd quarter. State Street Corp now owns 3,226,956 shares of the company’s stock valued at $168,221,000 after purchasing an additional 973,410 shares during the period.

SPDR Gold MiniShares Trust Stock Up 1.3 %

Shares of GLDM opened at $53.34 on Wednesday. SPDR Gold MiniShares Trust has a 12 month low of $39.19 and a 12 month high of $55.29. The firm’s 50 day moving average is $52.88 and its 200-day moving average is $49.93.

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.