Aptus Capital Advisors LLC Raises Stake in SPDR Gold MiniShares Trust $GLDM

Aptus Capital Advisors LLC raised its stake in SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 10.7% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 86,793 shares of the company’s stock after buying an additional 8,419 shares during the quarter. Aptus Capital Advisors LLC’s holdings in SPDR Gold MiniShares Trust were worth $7,410,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in GLDM. Wells Fargo & Company MN grew its holdings 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 valued at $675,594,000 after buying an additional 2,785,608 shares in the last quarter. Morgan Stanley grew its holdings in shares of SPDR Gold MiniShares Trust by 22.6% during the 4th quarter. Morgan Stanley now owns 10,562,081 shares of the company’s stock worth $901,685,000 after purchasing an additional 1,943,672 shares during the period. Mizuho Bank Ltd. purchased a new position in shares of SPDR Gold MiniShares Trust during the 3rd quarter worth $137,763,000. Bank of America Corp DE grew its holdings 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 worth $563,230,000 after purchasing an additional 1,636,398 shares during the period. Finally, Payden & Rygel purchased a new position in shares of SPDR Gold MiniShares Trust during the 4th quarter worth $110,981,000.

SPDR Gold MiniShares Trust Trading Up 2.6%

NYSEARCA GLDM opened at $85.51 on Tuesday. SPDR Gold MiniShares Trust has a twelve month low of $64.46 and a twelve month high of $109.74. The stock has a fifty day simple moving average of $90.70 and a 200-day simple moving average of $92.22.

Key Headlines Impacting SPDR Gold MiniShares Trust

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

• Positive Sentiment: Gold rose sharply as the Hormuz deal and broader Middle East de-escalation reduced safe-haven uncertainty, while weaker oil prices helped cool inflation fears and support gold demand. Gold clears $4,300 as Hormuz deal cuts oil, yield pressure – Kitco PM Report
• Positive Sentiment: Comex gold settled 2.7% higher and silver gained nearly 3.3%, signaling strong momentum in precious metals that directly supports GLDM. Comex Gold Settles 2.68% Higher at $4328.00
• Positive Sentiment: Analysts said the Iran-U.S. deal weakened the dollar and increased hopes for Federal Reserve easing, both of which are supportive for gold prices and gold-backed ETFs. Gold (XAUUSD) Price Forecast: Gold Rally Builds as Iran Deal Cuts Rate Hike Bets
• Positive Sentiment: Gold held near session highs after weak New York manufacturing data and rising input prices reinforced the case for easier policy and stronger precious-metals demand. Gold prices holding near session highs as Empire State Survey falls to 5.7 in June
• Neutral Sentiment: Some reports noted that while the rally is strong, inflation and rate-hike expectations could still limit further upside if markets reassess Fed policy. 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.