Beckerman Institutional LLC Lowers Holdings in SPDR Gold MiniShares Trust $GLDM

Beckerman Institutional LLC lowered its position in shares of SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 13.2% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 51,344 shares of the company’s stock after selling 7,841 shares during the quarter. SPDR Gold MiniShares Trust comprises 2.5% of Beckerman Institutional LLC’s holdings, making the stock its 9th biggest position. Beckerman Institutional LLC’s holdings in SPDR Gold MiniShares Trust were worth $4,759,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. Sumitomo Mitsui Trust Group Inc. raised its stake in SPDR Gold MiniShares Trust by 1.1% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 18,594,406 shares of the company’s stock worth $1,723,515,000 after purchasing an additional 206,914 shares in the last quarter. Morgan Stanley boosted its stake in shares of SPDR Gold MiniShares Trust by 22.6% in the fourth quarter. Morgan Stanley now owns 10,562,081 shares of the company’s stock valued at $901,685,000 after buying an additional 1,943,672 shares during the period. Wells Fargo & Company MN boosted its stake in shares of SPDR Gold MiniShares Trust by 54.3% in the fourth 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 during the period. Evoke Wealth LLC grew its position in SPDR Gold MiniShares Trust by 1.7% during the fourth quarter. Evoke Wealth LLC now owns 7,374,785 shares of the company’s stock worth $629,586,000 after buying an additional 123,123 shares in the last quarter. Finally, Bank of America Corp DE grew its position in SPDR Gold MiniShares Trust by 28.6% during the third 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 in the last quarter.

SPDR Gold MiniShares Trust Stock Performance

SPDR Gold MiniShares Trust stock opened at $79.17 on Tuesday. The stock’s fifty day moving average price is $85.90 and its two-hundred day moving average price is $91.78. SPDR Gold MiniShares Trust has a one year low of $64.71 and a one year high of $109.74.

SPDR Gold MiniShares Trust News Summary

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

• Negative Sentiment: Gold prices fell as a broad rise in global bond yields and concerns about tighter monetary policy weighed on the metal. Gold Declines Amid Broad Rise in Yields, Monetary Policy Concerns
• Negative Sentiment: Gold’s safe-haven appeal has weakened as oil-price spikes and conflict-driven inflation fears pushed rate expectations higher, putting recent lows back in focus. The War Got Louder. The Gold Bounce Faded.
• Neutral Sentiment: Some analysts argue the recent drop could strengthen gold’s long-term case as a reserve asset in a multipolar world, even though a stronger dollar can hurt prices in the short term. Gold is becoming the reserve asset of the new multipolar world – Sprott’s Paul Wong
• Negative Sentiment: Gold has been trending lower overall this year, with spot prices slipping below key psychological support levels as silver also weakens. Gold Dips Below $4,000. Silver Prices Also Down.
• Negative Sentiment: Traders are betting on a hawkish Fed and looking ahead to CPI data, both of which could keep pressure on gold if yields and the dollar stay elevated. Gold (XAUUSD), Silver, Platinum Forecasts – Gold Tests The $4000 Level

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.