Brandywine Oak Private Wealth LLC Trims Stock Holdings in SPDR Gold MiniShares Trust $GLDM

Brandywine Oak Private Wealth LLC lowered its holdings in SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 10.8% in the fourth quarter, HoldingsChannel reports. The firm owned 229,977 shares of the company’s stock after selling 27,956 shares during the period. SPDR Gold MiniShares Trust comprises about 1.6% of Brandywine Oak Private Wealth LLC’s portfolio, making the stock its 13th largest holding. Brandywine Oak Private Wealth LLC’s holdings in SPDR Gold MiniShares Trust were worth $19,633,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of GLDM. Sumitomo Mitsui Trust Group Inc. lifted its holdings in SPDR Gold MiniShares Trust by 26.6% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 18,477,937 shares of the company’s stock worth $1,412,638,000 after buying an additional 3,881,643 shares during the last quarter. Mizuho Bank Ltd. bought a new position in SPDR Gold MiniShares Trust during the 3rd quarter worth approximately $137,763,000. Bank of America Corp DE lifted its holdings in 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 worth $563,230,000 after buying an additional 1,636,398 shares during the last quarter. Corient Private Wealth LLC lifted its holdings in SPDR Gold MiniShares Trust by 3,304.3% during the 2nd quarter. Corient Private Wealth LLC now owns 637,414 shares of the company’s stock worth $41,763,000 after buying an additional 618,690 shares during the last quarter. Finally, 3EDGE Asset Management LP lifted its holdings in SPDR Gold MiniShares Trust by 22.1% during the 3rd quarter. 3EDGE Asset Management LP now owns 2,700,196 shares of the company’s stock worth $206,430,000 after buying an additional 488,576 shares during the last quarter.

SPDR Gold MiniShares Trust Stock Up 0.5%

NYSEARCA:GLDM opened at $93.49 on Friday. The business’s 50 day moving average is $95.08 and its two-hundred day moving average is $90.71. SPDR Gold MiniShares Trust has a 52 week low of $62.70 and a 52 week high of $109.74.

SPDR Gold MiniShares Trust News Roundup

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

• Positive Sentiment: Gold rebounded above $4,700 as traders looked past Middle East tensions, reinforcing safe-haven demand for bullion-linked funds like GLDM. Gold rebounds above $4,700 as investors look past Middle East tensions
• Positive Sentiment: Falling Treasury yields helped push gold higher, which is supportive for GLDM because gold does not pay interest and tends to benefit when yields ease. Gold (XAUUSD), Silver, Platinum Forecasts – Gold Moves Higher Amid Falling Treasury Yields
• Positive Sentiment: Weak consumer sentiment and softer inflation expectations lifted spot gold to session highs, adding momentum to the bullish case for GLDM. Spot gold hits session high after preliminary Consumer Sentiment drops to 48.2, one-year inflation expectations dip to 4.5%
• Positive Sentiment: Gold and silver extended gains after the latest payrolls data and labor-market weakness bolstered the case for a more dovish rate outlook. Gold, silver extend gains as payrolls beat forecasts – Kitco AM Report
• Positive Sentiment: Central banks, including China, are reportedly continuing to buy gold on dips, supporting long-term demand for the metal. China and other central banks continue to buy the dip in gold

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.