SPDR Gold MiniShares Trust $GLDM Shares Bought by Evercore Wealth Management LLC

Evercore Wealth Management LLC raised its holdings in shares of SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 11.6% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 394,869 shares of the company’s stock after purchasing an additional 40,971 shares during the period. Evercore Wealth Management LLC’s holdings in SPDR Gold MiniShares Trust were worth $36,600,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. PNC Financial Services Group Inc. grew its stake in SPDR Gold MiniShares Trust by 288.4% during the 1st quarter. PNC Financial Services Group Inc. now owns 268 shares of the company’s stock worth $25,000 after buying an additional 199 shares during the last quarter. Godfrey Financial Associates Inc. acquired a new stake in SPDR Gold MiniShares Trust in the fourth quarter worth about $26,000. HHM Wealth Advisors LLC grew its stake in shares of SPDR Gold MiniShares Trust by 236.7% during the first quarter. HHM Wealth Advisors LLC now owns 303 shares of the company’s stock worth $28,000 after acquiring an additional 213 shares during the last quarter. Root Financial Partners LLC increased its holdings in shares of SPDR Gold MiniShares Trust by 548.2% during the fourth quarter. Root Financial Partners LLC now owns 363 shares of the company’s stock valued at $31,000 after acquiring an additional 307 shares in the last quarter. Finally, Networth Advisors LLC acquired a new position in shares of SPDR Gold MiniShares Trust during the fourth quarter valued at about $33,000.

SPDR Gold MiniShares Trust Trading Up 0.7%

GLDM stock opened at $80.78 on Tuesday. The firm has a 50 day moving average of $83.50 and a 200 day moving average of $91.29. SPDR Gold MiniShares Trust has a 52 week low of $64.71 and a 52 week high of $109.74.

Key Headlines Impacting SPDR Gold MiniShares Trust

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

• Positive Sentiment: Gold and silver strengthened as the U.S.-Iran pause drove crude oil prices lower, easing near-term inflation concerns and supporting expectations that monetary policy may become less restrictive. Gold continues to hold $4,000 as U.S.-Iran pause pressures crude oil
• Positive Sentiment: State Street said gold’s next major $1,000 move is more likely to be higher if Federal Reserve hawkishness has peaked, offering a constructive longer-term outlook for GLDM. Gold’s next $1,000 move is likely higher as Fed hawkishness peaks
• Positive Sentiment: Strong Asian demand, particularly from China, and continued central-bank buying are supporting the longer-term gold market. BMO said China’s gold holdings could surpass U.S. holdings within five years. China’s gold stockpile could surpass U.S. holdings
• Neutral Sentiment: Gold is consolidating near $4,000 as investors await the Federal Reserve decision and PCE inflation data. The outcome could determine the next significant move in bullion and GLDM. Gold and Silver Price Forecast
• Negative Sentiment: Gold has struggled to sustain moves above $4,100, while lackluster Western demand and the risk of a hawkish Fed are limiting safe-haven buying and capping GLDM’s near-term upside. Gold remains stuck below $4,100

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.