Jane Street Group LLC Reduces Stake in SPDR Gold MiniShares Trust (NYSEARCA:GLDM)

Jane Street Group LLC has significantly reduced its investment in the SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 60.4% during the third quarter of the year. This reduction was reported in the firm's latest Form 13F filing with the Securities and Exchange Commission (SEC). Following the sale of 107,263 shares, Jane Street now holds 70,388 shares of GLDM.

As of the most recent reporting period, the value of Jane Street's holdings in SPDR Gold MiniShares Trust stood at approximately $3,669,000.

Alongside Jane Street's divestiture, several other institutional investors have also altered their positions in GLDM. Notably, Stansberry Asset Management LLC increased its stake by 17.4% during the third quarter, now owning 34,429 shares valued at $1,795,000 after acquiring an additional 5,099 shares.

Additionally, State Street Corp significantly expanded its holdings in SPDR Gold MiniShares Trust, boosting its investment by 43.2% to own 3,226,956 shares worth approximately $168,221,000 after adding 973,410 shares to its portfolio in the last quarter.

Furthermore, Stifel Financial Corp raised its position by 2.2%, bringing its total to 2,141,060 shares valued at around $111,613,000 after buying an extra 46,759 shares. Quadrature Capital Ltd also made a new investment in the fund worth about $84,714,000.

Lastly, IHT Wealth Management LLC increased its stake in the SPDR Gold MiniShares Trust by 25.3%, now holding 18,505 shares valued at approximately $965,000 after purchasing an additional 3,740 shares.

Current Trading Information of SPDR Gold MiniShares Trust

As of the last trading session, GLDM shares opened at $51.44. The SPDR Gold MiniShares Trust has experienced a 52-week low of $39.35 and a high of $55.29. The stock’s 50-day moving average is $52.91, while the 200-day moving average is $50.16.

About SPDR Gold MiniShares Trust

The SPDR Gold MiniShares Trust (GLDM) is an exchange-traded fund that aims to track the LBMA Gold Price index, reflecting the spot price of gold, after accounting for expenses and liabilities. The fund stores physical gold bars in London vaults and was established on June 25, 2018, and is issued by State Street.

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If you are interested in knowing which hedge funds currently hold shares of GLDM, visit HoldingsChannel.com for the latest 13F filings and insider trades related to the SPDR Gold MiniShares Trust.

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SPDR, GLDM, investment, shares, reduction