Hollow Brook Wealth Management LLC boosted its stake in shares of SPDR Gold MiniShares Trust (NYSEARCA:GLDM – Free Report) by 3.1% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,248,201 shares of the company’s stock after purchasing an additional 37,976 shares during the period. SPDR Gold MiniShares Trust comprises about 22.6% of Hollow Brook Wealth Management LLC’s investment portfolio, making the stock its biggest position. Hollow Brook Wealth Management LLC owned approximately 0.43% of SPDR Gold MiniShares Trust worth $95,425,000 as of its most recent filing with the SEC.
Several other hedge funds have also bought and sold shares of GLDM. EverSource Wealth Advisors LLC raised its stake in shares of SPDR Gold MiniShares Trust by 34.6% in the third quarter. EverSource Wealth Advisors LLC now owns 564 shares of the company’s stock worth $43,000 after buying an additional 145 shares during the period. Legacy Capital Wealth Partners LLC grew its stake in shares of SPDR Gold MiniShares Trust by 0.5% during the 2nd quarter. Legacy Capital Wealth Partners LLC now owns 32,922 shares of the company’s stock valued at $2,157,000 after acquiring an additional 153 shares during the period. LongView Wealth Management increased its holdings in SPDR Gold MiniShares Trust by 5.3% in the 3rd quarter. LongView Wealth Management now owns 3,439 shares of the company’s stock worth $263,000 after acquiring an additional 172 shares in the last quarter. Evolution Wealth Management Inc. increased its holdings in SPDR Gold MiniShares Trust by 55.1% in the 3rd quarter. Evolution Wealth Management Inc. now owns 490 shares of the company’s stock worth $37,000 after acquiring an additional 174 shares in the last quarter. Finally, Caitlin John LLC raised its stake in SPDR Gold MiniShares Trust by 0.9% during the 3rd quarter. Caitlin John LLC now owns 19,579 shares of the company’s stock worth $1,497,000 after acquiring an additional 177 shares during the period.
SPDR Gold MiniShares Trust Stock Performance
NYSEARCA GLDM opened at $99.28 on Monday. SPDR Gold MiniShares Trust has a 12 month low of $58.56 and a 12 month high of $109.74. The company’s 50 day moving average is $97.83 and its two-hundred day moving average is $86.11.
Trending Headlines about SPDR Gold MiniShares Trust
- Positive Sentiment: Ongoing Middle East tensions keep intermittent safe‑haven demand for gold, providing underlying support for GLDM when risk spikes. Gold Edges Higher Amid Ongoing Middle East Conflict
- Positive Sentiment: Market commentators note buyers stepping in on dips and central‑bank and geopolitical flows that could support gold prices if volatility increases. Gold Price Analysis – Gold Continues to See Support on Dips
- Neutral Sentiment: Macro reports are mixed (durable goods, JOLTS, consumer sentiment); some readings push inflation expectations higher (which can buoy gold) while others reinforce rate‑tightening bets — this creates near‑term volatility rather than a clear trend. Spot gold at $5,100/oz after preliminary Consumer Sentiment falls
- Neutral Sentiment: Analysts expect more headline‑driven swings in coming weeks (rates, central bank activity, war), meaning GLDM could see quick rebounds and pullbacks depending on the next data/fed headlines. Gold Weekly Price Analysis
- Negative Sentiment: A liquidity crunch and stronger U.S. dollar ahead of the Fed meeting are pressuring gold, which weighs on GLDM since a firmer dollar reduces dollar‑priced commodity demand. Gold under pressure as liquidity crunch boosts dollar ahead of Fed meeting
- Negative Sentiment: Technical studies point to bearish patterns (bear flag, wedge breakdown) and analysts highlight downside support zones; if technical selling continues, GLDM could extend losses. Gold Price Forecast: Bear Flag Signals Potential Downside Targets
- Negative Sentiment: Rising Treasury yields and concerns about renewed inflation from higher oil can make real yields less favorable for gold, capping upside and pressuring GLDM. Gold Falls as Rising Oil Prices Spur Inflation Worries
SPDR Gold MiniShares Trust Company 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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