SPDR Gold MiniShares Trust (NYSEARCA:GLDM) is AMJ Financial Wealth Management’s Largest Position

AMJ Financial Wealth Management raised its holdings in shares of SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 191.9% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 323,272 shares of the company’s stock after purchasing an additional 212,522 shares during the period. SPDR Gold MiniShares Trust makes up about 5.4% of AMJ Financial Wealth Management’s investment portfolio, making the stock its largest holding. AMJ Financial Wealth Management’s holdings in SPDR Gold MiniShares Trust were worth $12,313,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Portside Wealth Group LLC bought a new position in SPDR Gold MiniShares Trust in the 2nd quarter worth $221,501,000. Cassaday & Co Wealth Management LLC increased its holdings in SPDR Gold MiniShares Trust by 0.3% in the 2nd quarter. Cassaday & Co Wealth Management LLC now owns 5,250,656 shares of the company’s stock worth $199,997,000 after acquiring an additional 14,872 shares in the last quarter. Evoke Wealth LLC raised its stake in SPDR Gold MiniShares Trust by 3.2% during the 1st quarter. Evoke Wealth LLC now owns 5,045,680 shares of the company’s stock worth $191,834,000 after acquiring an additional 154,101 shares during the period. UBS Group AG lifted its holdings in SPDR Gold MiniShares Trust by 13.8% during the first quarter. UBS Group AG now owns 2,877,861 shares of the company’s stock valued at $112,553,000 after purchasing an additional 349,002 shares in the last quarter. Finally, Asset Management One Co. Ltd. boosted its position in shares of SPDR Gold MiniShares Trust by 2.4% in the second quarter. Asset Management One Co. Ltd. now owns 2,836,557 shares of the company’s stock worth $108,044,000 after purchasing an additional 65,182 shares during the period.

SPDR Gold MiniShares Trust Stock Performance

Shares of NYSEARCA GLDM traded down $0.15 during midday trading on Monday, reaching $39.15. The stock had a trading volume of 788,340 shares, compared to its average volume of 1,355,956. SPDR Gold MiniShares Trust has a 12-month low of $34.40 and a 12-month high of $40.87. The stock has a 50-day moving average of $38.23 and a 200-day moving average of $38.49.

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.