Synovus Financial Corp Cuts Stock Holdings in SPDR Gold MiniShares Trust (NYSEARCA:GLDM)

Synovus Financial Corp lessened its holdings in SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 49.2% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 124,306 shares of the company’s stock after selling 120,208 shares during the period. Synovus Financial Corp owned about 0.08% of SPDR Gold MiniShares Trust worth $6,463,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. First Community Trust NA purchased a new position in SPDR Gold MiniShares Trust in the fourth quarter valued at about $43,000. Stonebridge Financial Group LLC purchased a new position in shares of SPDR Gold MiniShares Trust in the 4th quarter worth approximately $89,000. Rosenberg Matthew Hamilton bought a new position in shares of SPDR Gold MiniShares Trust during the 4th quarter worth approximately $106,000. WealthTrak Capital Management LLC purchased a new stake in SPDR Gold MiniShares Trust during the fourth quarter valued at approximately $118,000. Finally, PNC Financial Services Group Inc. boosted its stake in SPDR Gold MiniShares Trust by 468.6% in the fourth quarter. PNC Financial Services Group Inc. now owns 2,428 shares of the company’s stock valued at $126,000 after acquiring an additional 2,001 shares in the last quarter.

SPDR Gold MiniShares Trust Stock Up 1.9 %

Shares of GLDM stock opened at $64.01 on Monday. SPDR Gold MiniShares Trust has a 12-month low of $45.13 and a 12-month high of $64.28. The business’s fifty day simple moving average is $58.98 and its 200-day simple moving average is $55.09.

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.