SPDR Gold MiniShares Trust $GLDM is Hollow Brook Wealth Management LLC’s Largest Position

Hollow Brook Wealth Management LLC reduced its stake in SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 2.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,218,677 shares of the company’s stock after selling 29,524 shares during the period. SPDR Gold MiniShares Trust accounts for 26.9% of Hollow Brook Wealth Management LLC’s holdings, making the stock its biggest holding. Hollow Brook Wealth Management LLC’s holdings in SPDR Gold MiniShares Trust were worth $104,038,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also added to or reduced their stakes in GLDM. Wells Fargo & Company MN grew its stake in SPDR Gold MiniShares Trust by 54.3% in the 4th quarter. Wells Fargo & Company MN now owns 7,913,715 shares of the company’s stock worth $675,594,000 after acquiring an additional 2,785,608 shares in the last quarter. Morgan Stanley grew its stake in SPDR Gold MiniShares Trust by 22.6% in the 4th quarter. Morgan Stanley now owns 10,562,081 shares of the company’s stock worth $901,685,000 after acquiring an additional 1,943,672 shares in the last quarter. Mizuho Bank Ltd. bought a new position in SPDR Gold MiniShares Trust in the 3rd quarter worth about $137,763,000. Bank of America Corp DE grew its stake in SPDR Gold MiniShares Trust by 28.6% in the 3rd quarter. Bank of America Corp DE now owns 7,367,296 shares of the company’s stock worth $563,230,000 after acquiring an additional 1,636,398 shares in the last quarter. Finally, Payden & Rygel bought a new position in SPDR Gold MiniShares Trust in the 4th quarter worth about $110,981,000.

SPDR Gold MiniShares Trust Stock Performance

Shares of GLDM stock opened at $85.51 on Tuesday. The company’s 50-day simple moving average is $90.70 and its two-hundred day simple moving average is $92.22. SPDR Gold MiniShares Trust has a one year low of $64.46 and a one year high of $109.74.

Trending Headlines about SPDR Gold MiniShares Trust

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

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.