Hollow Brook Wealth Management LLC cut its holdings in SPDR Gold MiniShares Trust (NYSEARCA:GLDM – Free Report) by 2.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,218,677 shares of the company’s stock after selling 29,524 shares during the period. SPDR Gold MiniShares Trust comprises 26.9% of Hollow Brook Wealth Management LLC’s holdings, making the stock its largest holding. Hollow Brook Wealth Management LLC owned approximately 0.39% of SPDR Gold MiniShares Trust worth $104,038,000 as of its most recent SEC filing.
Other large investors have also recently made changes to their positions in the company. Godfrey Financial Associates Inc. bought a new stake in shares of SPDR Gold MiniShares Trust in the 4th quarter worth about $26,000. Accredited Wealth Management LLC grew its holdings in SPDR Gold MiniShares Trust by 174.4% during the 3rd quarter. Accredited Wealth Management LLC now owns 343 shares of the company’s stock valued at $26,000 after purchasing an additional 218 shares during the last quarter. Root Financial Partners LLC grew its holdings in SPDR Gold MiniShares Trust by 548.2% during the 4th quarter. Root Financial Partners LLC now owns 363 shares of the company’s stock valued at $31,000 after purchasing an additional 307 shares during the last quarter. Networth Advisors LLC bought a new position in SPDR Gold MiniShares Trust during the 4th quarter valued at about $33,000. Finally, Gould Capital LLC grew its holdings in SPDR Gold MiniShares Trust by 377.8% during the 3rd quarter. Gould Capital LLC now owns 516 shares of the company’s stock valued at $39,000 after purchasing an additional 408 shares during the last quarter.
Key SPDR Gold MiniShares Trust News
Here are the key news stories impacting SPDR Gold MiniShares Trust this week:
- Positive Sentiment: Gold prices are rising after the U.S.-Iran ceasefire, as investors continue to seek protection from geopolitical uncertainty and potential inflation risks. Gold Edges Higher, Extending Gains After U.S.-Iran Ceasefire
- Positive Sentiment: Record central-bank buying plans are supporting the gold market, with a World Gold Council survey showing 45% of central banks expect to increase gold holdings, reinforcing long-term demand. Record 45% of central banks plan increase gold holdings, WGC survey finds
- Positive Sentiment: Gold has cleared key resistance levels and is holding near recent highs, helped by falling oil prices and lower Treasury yields, both of which ease inflation concerns and strengthen bullion demand. Gold clears $4,300 as Hormuz deal cuts oil, yield pressure – Kitco PM Report
- Neutral Sentiment: Some analysts say the rally is still being balanced by expectations for a less aggressive Fed response if inflation pressures ease, so the move remains tied to changing rate expectations as much as geopolitics. Gold and silver rally after Iran-U.S. deal, but face headwinds from rate hike expectations – Heraeus
SPDR Gold MiniShares Trust Trading Up 2.6%
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.
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