Nwam LLC Sells 6,098 Shares of SPDR Gold MiniShares Trust $GLDM

Nwam LLC lessened its position in SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 29.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the 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 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Accredited Wealth Management LLC lifted its stake in shares of SPDR Gold MiniShares Trust by 174.4% in the third quarter. Accredited Wealth Management LLC now owns 343 shares of the company’s stock worth $26,000 after buying an additional 218 shares in the last quarter. Networth Advisors LLC bought a new position in shares of SPDR Gold MiniShares Trust in the fourth quarter worth approximately $33,000. Gould Capital LLC lifted its stake in shares of SPDR Gold MiniShares Trust by 377.8% in the third quarter. Gould Capital LLC now owns 516 shares of the company’s stock worth $39,000 after buying an additional 408 shares in the last quarter. EverSource Wealth Advisors LLC lifted its stake in shares of SPDR Gold MiniShares Trust by 34.6% in the third quarter. EverSource Wealth Advisors LLC now owns 564 shares of the company’s stock worth $43,000 after buying an additional 145 shares in the last quarter. Finally, Bogart Wealth LLC lifted its stake in shares of SPDR Gold MiniShares Trust by 684.3% in the fourth quarter. Bogart Wealth LLC now owns 651 shares of the company’s stock worth $56,000 after buying an additional 568 shares in the last quarter.

SPDR Gold MiniShares Trust News Summary

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 Stock Performance

Shares of NYSEARCA GLDM opened at $93.49 on Monday. The firm’s 50 day moving average price is $95.08 and its 200-day moving average price is $90.71. SPDR Gold MiniShares Trust has a 52-week low of $62.70 and a 52-week high of $109.74.

SPDR Gold MiniShares Trust Company 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.