Financial Enhancement Group LLC Boosts Holdings in SPDR Gold MiniShares Trust (NYSEARCA:GLDM)

Financial Enhancement Group LLC raised its stake in shares of SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 751.5% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 97,064 shares of the company’s stock after acquiring an additional 85,665 shares during the period. Financial Enhancement Group LLC’s holdings in SPDR Gold MiniShares Trust were worth $5,118,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the stock. CENTRAL TRUST Co boosted its holdings in SPDR Gold MiniShares Trust by 1.3% during the third quarter. CENTRAL TRUST Co now owns 14,935 shares of the company’s stock worth $779,000 after buying an additional 197 shares in the last quarter. MONECO Advisors LLC raised its position in shares of SPDR Gold MiniShares Trust by 4.0% in the third quarter. MONECO Advisors LLC now owns 5,455 shares of the company’s stock worth $284,000 after acquiring an additional 208 shares during the period. Exchange Traded Concepts LLC boosted its stake in shares of SPDR Gold MiniShares Trust by 7.2% during the 3rd 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 position in shares of SPDR Gold MiniShares Trust by 2.7% during the 3rd quarter. Patten Group Inc. now owns 8,195 shares of the company’s stock valued at $427,000 after acquiring an additional 212 shares during the period. Finally, Redhawk Wealth Advisors Inc. grew its position in shares of SPDR Gold MiniShares Trust by 5.4% during the 4th quarter. Redhawk Wealth Advisors Inc. now owns 4,550 shares of the company’s stock valued at $237,000 after acquiring an additional 232 shares during the period.

SPDR Gold MiniShares Trust Stock Up 0.8 %

NYSEARCA GLDM opened at $53.43 on Thursday. The stock has a 50-day moving average of $52.34 and a 200 day moving average of $51.03. SPDR Gold MiniShares Trust has a twelve month low of $39.35 and a twelve month high of $55.29.

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.