Allworth Financial LP Possesses $144,000 in Stock Holdings with SPDR Gold MiniShares Trust (NYSEARCA: GLDM)

February 24, 2025 01:15 AM PST | By Team Kalkine Media

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Allworth Financial LP Possesses $144,000 in Stock Holdings with SPDR Gold MiniShares Trust (NYSEARCA: GLDM) — Image source: Shutterstock

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Highlights

Increased institutional investments were observed in the SPDR Gold MiniShares Trust during the fourth quarter.

The fund tracks the gold spot price and is known for holding physical gold bars in London vaults.

SPDR Gold MiniShares Trust sees significant year-over-year price movements and interest from diverse hedge funds.

Allworth Financial LP expanded its stakes by 8.9% in SPDR Gold MiniShares Trust during the fourth quarter, as reflected in its recent SEC filing. The firm's stake in the trust reached 2,636 shares, valued at $144,000. This activity is part of a broader trend among institutional investors increasing their holdings in GLDM.

For instance, Brookstone Capital Management boosted its investment by 25.5%, bringing its holdings to 99,042 shares valued at $5,149,000. Similarly, FMR LLC augmented its stake by 50.2% in the third quarter, raising its ownership to 7,425 shares, worth $387,000.

Lodestar Private Asset Management LLC also saw an increase of 5.6% in their stake, totaling 77,733 shares valued at $4,041,000. Mutual Advisors LLC expanded theirs by 27.5% to 13,510 shares, worth $727,000.

Seven Post Investment Office LP marked one of the most significant increases by adding 69,418 shares, representing a staggering 1,539.1% hike, reaching a value of $3,609,000.

Price Performance and Market Movements

The SPDR Gold MiniShares Trust opened at $58.14, with its 50-day simple moving average standing at $54.33 and a 200-day average at $52.68. This trust experienced a notable price range over the past 52 weeks, with a low of $40.06 and a high of $58.37.

Since its inception on June 25, 2018, by State Street, the fund accurately mirrors the LBMA Gold Price index. It manages real-time gold price movements, reduced by expenses and liabilities, mainly using physical gold reserves located in London.

Further understanding of gold-related investments and their effects on portfolios can improve asset management strategies. With continuing interest in precious metals, the SPDR Gold MiniShares Trust remains a viable option for those looking to diversify their holdings with gold.

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