Nwam LLC Trims Stake in SPDR Gold MiniShares Trust $GLDM

Nwam LLC lowered its holdings in shares of SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 29.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,791 shares of the company’s stock after selling 6,098 shares during the period. Nwam LLC’s holdings in SPDR Gold MiniShares Trust were worth $1,263,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the business. Buck Wealth Strategies LLC boosted its stake in SPDR Gold MiniShares Trust by 4.2% during the fourth quarter. Buck Wealth Strategies LLC now owns 159,072 shares of the company’s stock worth $13,580,000 after acquiring an additional 6,425 shares in the last quarter. International Assets Investment Management LLC bought a new stake in SPDR Gold MiniShares Trust during the fourth quarter worth about $154,000. MGO One Seven LLC bought a new stake in SPDR Gold MiniShares Trust during the fourth quarter worth about $260,000. Detalus Advisors LLC boosted its stake in SPDR Gold MiniShares Trust by 1.0% during the fourth quarter. Detalus Advisors LLC now owns 91,889 shares of the company’s stock worth $7,845,000 after acquiring an additional 886 shares in the last quarter. Finally, Richard Bernstein Advisors LLC boosted its stake in SPDR Gold MiniShares Trust by 3.4% during the fourth quarter. Richard Bernstein Advisors LLC now owns 20,984 shares of the company’s stock worth $1,791,000 after acquiring an additional 696 shares in the last quarter.

Key Stories Impacting SPDR Gold MiniShares Trust

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

• Positive Sentiment: Gold rebounded above $4,700 as traders looked past Middle East tensions, reinforcing safe-haven demand for bullion-linked funds like GLDM. Gold rebounds above $4,700 as investors look past Middle East tensions
• Positive Sentiment: Falling Treasury yields helped push gold higher, which is supportive for GLDM because gold does not pay interest and tends to benefit when yields ease. Gold (XAUUSD), Silver, Platinum Forecasts – Gold Moves Higher Amid Falling Treasury Yields
• Positive Sentiment: Weak consumer sentiment and softer inflation expectations lifted spot gold to session highs, adding momentum to the bullish case for GLDM. Spot gold hits session high after preliminary Consumer Sentiment drops to 48.2, one-year inflation expectations dip to 4.5%
• Positive Sentiment: Gold and silver extended gains after the latest payrolls data and labor-market weakness bolstered the case for a more dovish rate outlook. Gold, silver extend gains as payrolls beat forecasts – Kitco AM Report
• Positive Sentiment: Central banks, including China, are reportedly continuing to buy gold on dips, supporting long-term demand for the metal. China and other central banks continue to buy the dip in gold

SPDR Gold MiniShares Trust Price Performance

NYSEARCA:GLDM opened at $93.49 on Monday. SPDR Gold MiniShares Trust has a one year low of $62.70 and a one year high of $109.74. The company’s 50-day simple moving average is $95.08 and its 200 day simple moving average is $90.71.

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.