SPDR Gold MiniShares Trust (NYSEARCA:GLDM) is Cassaday & Co Wealth Management LLC’s 2nd Largest Position

Cassaday & Co Wealth Management LLC grew its position in shares of SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 1.9% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,744,426 shares of the company’s stock after purchasing an additional 106,433 shares during the period. SPDR Gold MiniShares Trust makes up about 8.1% of Cassaday & Co Wealth Management LLC’s investment portfolio, making the stock its 2nd largest position. Cassaday & Co Wealth Management LLC owned approximately 3.70% of SPDR Gold MiniShares Trust worth $298,653,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in GLDM. Asset Management One Co. Ltd. lifted its stake in shares of 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 acquiring an additional 880,693 shares in the last quarter. State Street Corp increased its holdings in SPDR Gold MiniShares Trust by 43.2% during the 3rd 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 last quarter. Stifel Financial Corp raised its position in shares of SPDR Gold MiniShares Trust by 2.2% in the 3rd quarter. Stifel Financial Corp now owns 2,141,060 shares of the company’s stock valued at $111,613,000 after purchasing an additional 46,759 shares in the last quarter. Citigroup Inc. boosted its stake in shares of SPDR Gold MiniShares Trust by 5,727,072.7% during the 3rd quarter. Citigroup Inc. now owns 1,889,967 shares of the company’s stock valued at $98,524,000 after buying an additional 1,889,934 shares during the last quarter. Finally, LPL Financial LLC grew its position in shares of SPDR Gold MiniShares Trust by 15.5% during the third quarter. LPL Financial LLC now owns 1,774,767 shares of the company’s stock worth $92,519,000 after buying an additional 238,766 shares in the last quarter.

SPDR Gold MiniShares Trust Stock Performance

Shares of NYSEARCA:GLDM opened at $58.19 on Friday. The company has a fifty day simple moving average of $54.21 and a 200 day simple moving average of $52.53. SPDR Gold MiniShares Trust has a 12-month low of $40.06 and a 12-month high of $58.37.

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.