Wells Fargo & Company MN Buys 76,795 Shares of SPDR Gold MiniShares Trust (NYSEARCA:GLDM)

Wells Fargo & Company MN increased its stake in shares of SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 7.4% in the 4th quarter, Holdings Channel reports. The firm owned 1,121,616 shares of the company’s stock after buying an additional 76,795 shares during the period. Wells Fargo & Company MN’s holdings in SPDR Gold MiniShares Trust were worth $58,313,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Evoke Wealth LLC boosted its stake in shares of SPDR Gold MiniShares Trust by 0.7% in the 4th quarter. Evoke Wealth LLC now owns 6,604,327 shares of the company’s stock worth $343,359,000 after buying an additional 47,341 shares during the last quarter. Cassaday & Co Wealth Management LLC boosted its position in SPDR Gold MiniShares Trust by 1.9% in the fourth quarter. Cassaday & Co Wealth Management LLC now owns 5,744,426 shares of the company’s stock worth $298,653,000 after purchasing an additional 106,433 shares during the last quarter. State Street Corp grew its stake in shares of 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 valued at $168,221,000 after purchasing an additional 973,410 shares during the period. LPL Financial LLC increased its position in shares of SPDR Gold MiniShares Trust by 23.8% during the 4th quarter. LPL Financial LLC now owns 2,196,980 shares of the company’s stock valued at $114,221,000 after purchasing an additional 422,213 shares during the last quarter. Finally, Principal Financial Group Inc. bought a new position in shares of SPDR Gold MiniShares Trust in the 4th quarter worth approximately $91,357,000.

SPDR Gold MiniShares Trust Stock Up 0.3 %

Shares of GLDM stock opened at $59.11 on Wednesday. The company has a 50 day simple moving average of $58.45 and a two-hundred day simple moving average of $54.82. SPDR Gold MiniShares Trust has a 12 month low of $45.13 and a 12 month high of $62.11.

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.