Bush Investment Group LLC Acquires Shares of 35,349 SPDR Gold MiniShares Trust (NYSEARCA:GLDM)

Bush Investment Group LLC bought a new position in shares of SPDR Gold MiniShares Trust (NYSEARCA:GLDM) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 35,349 shares of the company’s stock, valued at approximately $1,838,000. SPDR Gold MiniShares Trust comprises 1.4% of Bush Investment Group LLC’s investment portfolio, making the stock its 15th largest position.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Certior Financial Group LLC acquired a new position in SPDR Gold MiniShares Trust during the 4th quarter worth about $2,601,000. Cerity Partners LLC lifted its position in shares of SPDR Gold MiniShares Trust by 1.6% during the fourth quarter. Cerity Partners LLC now owns 836,605 shares of the company’s stock worth $43,496,000 after purchasing an additional 13,420 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in shares of SPDR Gold MiniShares Trust by 6.9% during the fourth quarter. Envestnet Asset Management Inc. now owns 908,877 shares of the company’s stock valued at $47,253,000 after purchasing an additional 58,765 shares during the last quarter. Perennial Investment Advisors LLC acquired a new stake in shares of SPDR Gold MiniShares Trust in the fourth quarter valued at approximately $464,000. Finally, Resona Asset Management Co. Ltd. bought a new position in SPDR Gold MiniShares Trust in the 4th quarter worth approximately $30,003,000.

SPDR Gold MiniShares Trust Price Performance

NYSEARCA GLDM opened at $60.15 on Monday. SPDR Gold MiniShares Trust has a 52 week low of $45.13 and a 52 week high of $62.11. The stock has a fifty day moving average of $58.18 and a 200-day moving average of $54.69.

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.