OakTrust Wealth Advisors LLC Buys Shares of 63,124 SPDR Gold MiniShares Trust $GLDM

OakTrust Wealth Advisors LLC purchased a new position in shares of SPDR Gold MiniShares Trust (NYSEARCA:GLDM) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 63,124 shares of the company’s stock, valued at approximately $5,389,000. SPDR Gold MiniShares Trust makes up about 5.0% of OakTrust Wealth Advisors LLC’s holdings, making the stock its 7th biggest position.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Wells Fargo & Company MN raised its holdings in SPDR Gold MiniShares Trust by 54.3% during the fourth quarter. Wells Fargo & Company MN now owns 7,913,715 shares of the company’s stock worth $675,594,000 after purchasing an additional 2,785,608 shares in the last quarter. Morgan Stanley boosted its stake in SPDR Gold MiniShares Trust by 22.6% during the 4th quarter. Morgan Stanley now owns 10,562,081 shares of the company’s stock valued at $901,685,000 after purchasing an additional 1,943,672 shares in the last quarter. Mizuho Bank Ltd. acquired a new position in shares of SPDR Gold MiniShares Trust during the 3rd quarter valued at $137,763,000. Bank of America Corp DE increased its position in shares of SPDR Gold MiniShares Trust by 28.6% during the 3rd quarter. Bank of America Corp DE now owns 7,367,296 shares of the company’s stock valued at $563,230,000 after purchasing an additional 1,636,398 shares during the period. Finally, Payden & Rygel bought a new stake in shares of SPDR Gold MiniShares Trust in the 4th quarter worth $110,981,000.

SPDR Gold MiniShares Trust Stock Performance

Shares of SPDR Gold MiniShares Trust stock opened at $83.44 on Friday. The business has a fifty day simple moving average of $90.21 and a 200-day simple moving average of $92.25. SPDR Gold MiniShares Trust has a fifty-two week low of $64.46 and a fifty-two week high of $109.74.

Key Stories Impacting SPDR Gold MiniShares Trust

Here are the key news stories impacting SPDR Gold MiniShares Trust this week:

• Positive Sentiment: Some analysts still argue that gold ETFs remain attractive over the long term, citing central bank buying, geopolitical uncertainty, and portfolio diversification benefits. Why Gold ETFs Still Deserve a Place in Long-Term Portfolios
• Positive Sentiment: Central banks are expected to keep increasing gold reserves, which supports long-term demand for the metal and for GLDM. Central banks are bringing gold reserves home as geopolitical risks rise
• Positive Sentiment: Some market strategists still see gold’s risk/reward profile as favorable despite the recent selloff, suggesting downside may not last if inflation or geopolitical risks reaccelerate. Balance of Risks for Gold Tilt Upward From Here
• Neutral Sentiment: Gold briefly benefited from safe-haven demand tied to Middle East uncertainty and a U.S.-Iran ceasefire, but that support faded as traders focused on technical levels. Gold (XAUUSD) & Silver Price Forecast: Ceasefire Holds Amid Iran-Israel Tensions — XAU Dips to $4,275, XAG at $68?
• Negative Sentiment: The Federal Reserve’s hawkish guidance, combined with stronger U.S. economic data and a firm dollar, has triggered broad selling in gold and silver and is the main drag on GLDM today. Gold, silver sink as dollar tests yearly highs following hawkish Fed – Kitco PM Report
• Negative Sentiment: Multiple technical analysts say gold is losing momentum after failing to hold higher resistance levels, raising the risk of further downside if support breaks. Gold (XAU/USD) Price Forecast: Can Bulls Defend Fibonacci Support?
• Negative Sentiment: Several reports warn that gold could slide back toward the $4,000 area if the market continues to price in higher-for-longer rates. Hawkish Fed could push gold prices back to $4,000 next week

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.