E Fund Management Co. Ltd. Reduces Position in SPDR Gold MiniShares Trust (NYSEARCA:GLDM)

E Fund Management Co. Ltd. cut its holdings in shares of SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 12.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 63,207 shares of the company’s stock after selling 8,819 shares during the quarter. E Fund Management Co. Ltd.’s holdings in SPDR Gold MiniShares Trust were worth $3,286,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in GLDM. First Community Trust NA bought a new stake in SPDR Gold MiniShares Trust during the 4th quarter worth approximately $43,000. First Horizon Advisors Inc. purchased a new position in shares of SPDR Gold MiniShares Trust during the 3rd quarter valued at $65,000. Glass Jacobson Investment Advisors llc bought a new position in shares of SPDR Gold MiniShares Trust in the third quarter worth $74,000. Sanctuary Wealth Management L.L.C. bought a new position in shares of SPDR Gold MiniShares Trust in the third quarter worth $76,000. Finally, Stonebridge Financial Group LLC bought a new position in shares of SPDR Gold MiniShares Trust in the fourth quarter worth $89,000.

SPDR Gold MiniShares Trust Stock Down 0.5 %

SPDR Gold MiniShares Trust stock opened at $57.62 on Friday. SPDR Gold MiniShares Trust has a fifty-two week low of $42.59 and a fifty-two week high of $58.47. The firm’s fifty day moving average price is $55.23 and its 200-day moving average price is $53.15.

SPDR Gold MiniShares Trust 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.