Graetz Wealth LLC Cuts Holdings in SPDR Gold MiniShares Trust $GLDM

Graetz Wealth LLC lessened its position in shares of SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 53.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 19,211 shares of the company’s stock after selling 21,711 shares during the period. SPDR Gold MiniShares Trust makes up 1.6% of Graetz Wealth LLC’s portfolio, making the stock its 23rd biggest position. Graetz Wealth LLC’s holdings in SPDR Gold MiniShares Trust were worth $1,781,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in GLDM. Wells Fargo & Company MN grew its stake in SPDR Gold MiniShares Trust by 54.3% during the fourth quarter. Wells Fargo & Company MN now owns 7,913,715 shares of the company’s stock worth $675,594,000 after buying an additional 2,785,608 shares during the period. Morgan Stanley raised its stake in shares of SPDR Gold MiniShares Trust by 22.6% in the 4th quarter. Morgan Stanley now owns 10,562,081 shares of the company’s stock valued at $901,685,000 after acquiring an additional 1,943,672 shares during the period. Bank of America Corp DE raised its stake in shares of 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 valued at $563,230,000 after acquiring an additional 1,636,398 shares during the period. Payden & Rygel acquired a new position in shares of SPDR Gold MiniShares Trust during the 4th quarter valued at $110,981,000. Finally, Resona Asset Management Co. Ltd. lifted its holdings in shares of SPDR Gold MiniShares Trust by 45.2% during the 1st quarter. Resona Asset Management Co. Ltd. now owns 3,236,300 shares of the company’s stock valued at $289,066,000 after acquiring an additional 1,006,700 shares in the last quarter.

SPDR Gold MiniShares Trust Stock Performance

Shares of GLDM opened at $81.54 on Friday. SPDR Gold MiniShares Trust has a 12 month low of $64.71 and a 12 month high of $109.74. The stock’s 50-day moving average is $86.32 and its two-hundred day moving average is $91.90.

Trending Headlines about SPDR Gold MiniShares Trust

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

• Positive Sentiment: Gold reclaimed support above $4,100/oz, with multiple reports pointing to a rebound in spot prices and renewed momentum after Wednesday’s selloff. Gold rebounds above $4,100 as Fed minutes, Hormuz risk keep yields firm – Kitco AM Report
• Positive Sentiment: Safe-haven buying improved as renewed fighting in the Middle East and U.S.-Iran escalation kept geopolitical risk elevated, supporting gold-backed funds like GLDM. Gold Rises on Renewed Middle East Tensions
• Positive Sentiment: Gold also pushed to session highs after weaker U.S. housing data, reinforcing the case for defensive commodity exposure. Gold price pushes to session highs as U.S. existing home sales drop 2.4%
• Neutral Sentiment: Some analysts still expect gold to stay rangebound in the near term because hawkish Fed expectations and firm yields could cap the upside. Gold prices will be rangebound through the summer – Metals Focus
• Neutral Sentiment: Technical traders are watching for confirmation of a bullish reversal, but a “death cross” warning and resistance near recent highs suggest volatility may continue. Gold (XAU/USD) Price Forecast: Bullish Reversal Tests Key Resistance Levels
• Negative Sentiment: Earlier reports noted pressure from rising Treasury yields, a firmer U.S. dollar, and hawkish Fed minutes, which had weighed on gold before the rebound. Gold slides as Fed minutes, Hormuz oil spike lift yields – Kitco PM Report

SPDR Gold MiniShares Trust 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.