Smith Anglin Financial LLC Sells 1,623 Shares of SPDR Gold MiniShares Trust (NYSEARCA:GLDM)

Smith Anglin Financial LLC lessened its stake in SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 17.8% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 7,480 shares of the company’s stock after selling 1,623 shares during the quarter. Smith Anglin Financial LLC’s holdings in SPDR Gold MiniShares Trust were worth $389,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. Apella Capital LLC raised its stake in SPDR Gold MiniShares Trust by 16.5% during the fourth quarter. Apella Capital LLC now owns 20,178 shares of the company’s stock valued at $1,049,000 after purchasing an additional 2,865 shares in the last quarter. First Community Trust NA purchased a new stake in SPDR Gold MiniShares Trust during the fourth quarter valued at $43,000. Park Avenue Securities LLC lifted its holdings in shares of SPDR Gold MiniShares Trust by 351.1% in the 4th quarter. Park Avenue Securities LLC now owns 42,169 shares of the company’s stock worth $2,192,000 after acquiring an additional 32,820 shares during the last quarter. SeaCrest Wealth Management LLC boosted its stake in shares of SPDR Gold MiniShares Trust by 8.6% during the 4th quarter. SeaCrest Wealth Management LLC now owns 16,043 shares of the company’s stock worth $834,000 after purchasing an additional 1,274 shares during the period. Finally, Sovereign Financial Group Inc. boosted its stake in shares of SPDR Gold MiniShares Trust by 5.5% during the 4th quarter. Sovereign Financial Group Inc. now owns 10,080 shares of the company’s stock worth $524,000 after purchasing an additional 526 shares during the period.

SPDR Gold MiniShares Trust Stock Up 0.3 %

GLDM stock opened at $53.18 on Wednesday. SPDR Gold MiniShares Trust has a 12 month low of $39.35 and a 12 month high of $55.29. The company has a 50-day moving average price of $52.32 and a 200 day moving average price of $51.02.

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.