Evercore Wealth Management LLC Increases Stock Position in SPDR Gold MiniShares Trust $GLDM

Evercore Wealth Management LLC increased its holdings in shares of SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 11.6% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 394,869 shares of the company’s stock after purchasing an additional 40,971 shares during the period. Evercore Wealth Management LLC owned 0.12% of SPDR Gold MiniShares Trust worth $36,600,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. PNC Financial Services Group Inc. lifted its holdings in SPDR Gold MiniShares Trust by 288.4% during the first quarter. PNC Financial Services Group Inc. now owns 268 shares of the company’s stock worth $25,000 after buying an additional 199 shares during the period. HHM Wealth Advisors LLC increased its holdings in shares of SPDR Gold MiniShares Trust by 236.7% in the 1st quarter. HHM Wealth Advisors LLC now owns 303 shares of the company’s stock valued at $28,000 after acquiring an additional 213 shares during the period. Godfrey Financial Associates Inc. purchased a new position in shares of SPDR Gold MiniShares Trust in the 4th quarter valued at $26,000. Root Financial Partners LLC raised its position in shares of SPDR Gold MiniShares Trust by 548.2% in the 4th quarter. Root Financial Partners LLC now owns 363 shares of the company’s stock worth $31,000 after acquiring an additional 307 shares in the last quarter. Finally, Networth Advisors LLC bought a new position in shares of SPDR Gold MiniShares Trust in the 4th quarter worth $33,000.

SPDR Gold MiniShares Trust News Summary

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

• Positive Sentiment: Gold and silver strengthened as the U.S.-Iran pause drove crude oil prices lower, easing near-term inflation concerns and supporting expectations that monetary policy may become less restrictive. Gold continues to hold $4,000 as U.S.-Iran pause pressures crude oil
• Positive Sentiment: State Street said gold’s next major $1,000 move is more likely to be higher if Federal Reserve hawkishness has peaked, offering a constructive longer-term outlook for GLDM. Gold’s next $1,000 move is likely higher as Fed hawkishness peaks
• Positive Sentiment: Strong Asian demand, particularly from China, and continued central-bank buying are supporting the longer-term gold market. BMO said China’s gold holdings could surpass U.S. holdings within five years. China’s gold stockpile could surpass U.S. holdings
• Neutral Sentiment: Gold is consolidating near $4,000 as investors await the Federal Reserve decision and PCE inflation data. The outcome could determine the next significant move in bullion and GLDM. Gold and Silver Price Forecast
• Negative Sentiment: Gold has struggled to sustain moves above $4,100, while lackluster Western demand and the risk of a hawkish Fed are limiting safe-haven buying and capping GLDM’s near-term upside. Gold remains stuck below $4,100

SPDR Gold MiniShares Trust Stock Performance

Shares of NYSEARCA GLDM opened at $80.78 on Tuesday. SPDR Gold MiniShares Trust has a 1-year low of $64.71 and a 1-year high of $109.74. The business has a fifty day moving average price of $83.50 and a 200 day moving average price of $91.29.

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.