SPDR Gold MiniShares Trust $GLDM Stock Purchased by Hollow Brook Wealth Management LLC

Hollow Brook Wealth Management LLC lifted its stake in SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 3.4% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,293,305 shares of the company’s stock after purchasing an additional 43,046 shares during the quarter. SPDR Gold MiniShares Trust comprises approximately 18.5% of Hollow Brook Wealth Management LLC’s holdings, making the stock its 2nd largest position. Hollow Brook Wealth Management LLC’s holdings in SPDR Gold MiniShares Trust were worth $106,284,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. PNC Financial Services Group Inc. increased its position 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 valued at $25,000 after buying an additional 199 shares in the last quarter. Guardian Partners Inc. bought a new stake in SPDR Gold MiniShares Trust in the third quarter worth $44,000. Evergreen Advisors LLC bought a new stake in SPDR Gold MiniShares Trust in the first quarter worth $49,000. First Bancorp Inc ME bought a new stake in SPDR Gold MiniShares Trust in the second quarter worth $51,000. Finally, Compass Financial Management LLC purchased a new stake in shares of SPDR Gold MiniShares Trust in the second quarter worth $53,000.

SPDR Gold MiniShares Trust Price Performance

NYSEARCA GLDM opened at $76.83 on Monday. SPDR Gold MiniShares Trust has a 12 month low of $76.54 and a 12 month high of $109.74. The stock’s fifty day moving average price is $84.27 and its 200-day moving average price is $89.02.

Trending Headlines about SPDR Gold MiniShares Trust

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

• Positive Sentiment: Gold’s contribution to the Swiss National Bank’s third-quarter profit highlights the value of the metal in central-bank reserves. The SNB reported a 7.6 billion-franc gain from gold, although the result does not directly improve GLDM’s near-term outlook. Swiss central bank posts bumper $23bn profit as gold, foreign assets soar
• Neutral Sentiment: Technical analysts are watching support near $3,950, $3,900 and the longer-term $3,886–$3,708 retracement zone. A stabilization at these levels could attract buyers, while further breaks would indicate additional downside risk for GLDM. Gold Price Forecast: Mass Liquidation Puts $3,886–$3,708 in Play
• Negative Sentiment: Persistent inflation, stronger-than-expected U.S. GDP and elevated real Treasury yields have increased expectations that the Federal Reserve could keep rates higher or resume tightening. Higher yields raise the opportunity cost of holding non-yielding gold and are the main catalyst weighing on GLDM. Gold and Silver Price Forecast: Hot PCE Lifts Hike Odds
• Negative Sentiment: Gold has broken key technical support and analysts describe the move as a bearish reversal or mass liquidation. Forecasts now warn of a deeper correction if $3,950 and $3,900 fail to hold. Gold Price Forecast – Gold Drops Below $4000
• Negative Sentiment: The Federal Reserve’s rate hold has not removed the possibility of a future hike, keeping bond yields supported and limiting gold’s appeal. This macro backdrop has pressured both gold and silver and is likely driving GLDM’s weakness. Gold Declines, Weighed by Tighter Monetary Policy Expectations

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.