Paul R. Ried Financial Group LLC Invests $3 Million in SPDR Gold MiniShares Trust (NYSEARCA:GLDM)

Paul R. Ried Financial Group LLC bought a new position in SPDR Gold MiniShares Trust (NYSEARCA:GLDM) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 57,688 shares of the company’s stock, valued at approximately $2,999,000. SPDR Gold MiniShares Trust accounts for 2.1% of Paul R. Ried Financial Group LLC’s investment portfolio, making the stock its 10th biggest holding.

Several other hedge funds and other institutional investors have also recently bought and sold shares of GLDM. Citigroup Inc. lifted its position in 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 worth $98,524,000 after purchasing an additional 1,889,934 shares during the period. Quadrature Capital Ltd bought a new position in SPDR Gold MiniShares Trust in the third quarter worth $84,714,000. Benjamin Edwards Inc. lifted its position in SPDR Gold MiniShares Trust by 1,805.0% in the third 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 during the period. State Street Corp lifted its position in SPDR Gold MiniShares Trust by 43.2% in the third quarter. State Street Corp now owns 3,226,956 shares of the company’s stock worth $168,221,000 after purchasing an additional 973,410 shares during the period. Finally, Asset Management One Co. Ltd. lifted its position in SPDR Gold MiniShares Trust by 28.1% in the third quarter. Asset Management One Co. Ltd. now owns 4,017,429 shares of the company’s stock worth $209,429,000 after purchasing an additional 880,693 shares during the period.

SPDR Gold MiniShares Trust Stock Up 0.6 %

Shares of GLDM stock opened at $55.81 on Tuesday. SPDR Gold MiniShares Trust has a one year low of $39.35 and a one year high of $56.08. The stock has a fifty day moving average price of $52.97 and a 200 day moving average price of $51.72.

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.