Main Street Research LLC Has $43.51 Million Holdings in SPDR Gold MiniShares Trust $GLDM

Main Street Research LLC lifted its stake in shares of SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 1.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 469,451 shares of the company’s stock after acquiring an additional 7,135 shares during the period. SPDR Gold MiniShares Trust makes up about 2.5% of Main Street Research LLC’s investment portfolio, making the stock its 17th largest holding. Main Street Research LLC owned about 0.14% of SPDR Gold MiniShares Trust worth $43,513,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Sumitomo Mitsui Trust Group Inc. increased its holdings in SPDR Gold MiniShares Trust by 1.1% during 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 lifted its holdings 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 purchasing an additional 1,943,672 shares in the last quarter. Wells Fargo & Company MN lifted its holdings 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 purchasing an additional 2,785,608 shares in the last quarter. Evoke Wealth LLC boosted its position in shares of 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 during the period. Finally, Bank of America Corp DE boosted its position in shares of 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 during the period.

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 Trading Up 1.0%

NYSEARCA:GLDM opened at $81.54 on Friday. SPDR Gold MiniShares Trust has a 52-week low of $64.71 and a 52-week high of $109.74. The stock has a 50-day simple moving average of $86.32 and a 200 day simple moving average of $91.90.

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.