Miracle Mile Advisors LLC Sells 19,431 Shares of SPDR Gold MiniShares Trust (NYSEARCA:GLDM)

Miracle Mile Advisors LLC lowered its position in SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 6.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 280,792 shares of the company’s stock after selling 19,431 shares during the period. Miracle Mile Advisors LLC’s holdings in SPDR Gold MiniShares Trust were worth $14,598,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in GLDM. CENTRAL TRUST Co increased its stake in shares of SPDR Gold MiniShares Trust by 1.3% during the third quarter. CENTRAL TRUST Co now owns 14,935 shares of the company’s stock valued at $779,000 after purchasing an additional 197 shares in the last quarter. MONECO Advisors LLC increased its position in SPDR Gold MiniShares Trust by 4.0% during the 3rd quarter. MONECO Advisors LLC now owns 5,455 shares of the company’s stock valued at $284,000 after buying an additional 208 shares in the last quarter. Exchange Traded Concepts LLC boosted its holdings in SPDR Gold MiniShares Trust by 7.2% in the third quarter. Exchange Traded Concepts LLC now owns 3,125 shares of the company’s stock worth $163,000 after acquiring an additional 210 shares in the last quarter. Patten Group Inc. grew its stake in shares of SPDR Gold MiniShares Trust by 2.7% in the third quarter. Patten Group Inc. now owns 8,195 shares of the company’s stock worth $427,000 after acquiring an additional 212 shares during the last quarter. Finally, Independent Advisor Alliance increased its holdings in shares of SPDR Gold MiniShares Trust by 2.5% during the third quarter. Independent Advisor Alliance now owns 9,931 shares of the company’s stock valued at $518,000 after acquiring an additional 244 shares in the last quarter.

SPDR Gold MiniShares Trust Price Performance

Shares of GLDM traded down $0.97 during trading hours on Monday, hitting $52.73. The company had a trading volume of 2,591,391 shares, compared to its average volume of 2,585,610. SPDR Gold MiniShares Trust has a 52-week low of $39.35 and a 52-week high of $55.29. The firm has a fifty day moving average price of $52.38 and a 200-day moving average price of $50.92.

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.