Nvest Financial LLC acquired a new stake in SPDR Gold MiniShares Trust (NYSEARCA:GLDM – Free Report) during the first quarter, according to its most recent filing with the SEC. The firm acquired 10,450 shares of the company’s stock, valued at approximately $969,000.
Several other institutional investors also recently bought and sold shares of the company. HHM Wealth Advisors LLC boosted its holdings in shares of SPDR Gold MiniShares Trust by 236.7% in the first quarter. HHM Wealth Advisors LLC now owns 303 shares of the company’s stock valued at $28,000 after acquiring an additional 213 shares in the last quarter. Godfrey Financial Associates Inc. purchased a new position in SPDR Gold MiniShares Trust during the fourth quarter worth about $26,000. Root Financial Partners LLC lifted its position in SPDR Gold MiniShares Trust by 548.2% in the fourth quarter. Root Financial Partners LLC now owns 363 shares of the company’s stock valued at $31,000 after purchasing an additional 307 shares during the period. Networth Advisors LLC acquired a new stake in SPDR Gold MiniShares Trust in the fourth quarter valued at about $33,000. Finally, Gould Capital LLC boosted its holdings in SPDR Gold MiniShares Trust by 377.8% in the 3rd quarter. Gould Capital LLC now owns 516 shares of the company’s stock valued at $39,000 after purchasing an additional 408 shares in the last quarter.
More SPDR Gold MiniShares Trust News
Here are the key news stories impacting SPDR Gold MiniShares Trust this week:
- Positive Sentiment: Gold prices jumped after the weak U.S. employment report, which pressured the dollar and lifted expectations that the Fed may not hike rates soon. Gold and silver hold post-NFP gains as hike bets move out – Kitco PM Report
- Positive Sentiment: Gold regained technical support levels and is showing signs of recovery, suggesting momentum may be stabilizing after the recent pullback. Gold (XAU/USD) Price Forecast: Above Trendline Signals Recovery
- Positive Sentiment: Central banks bought a net 41 tonnes of gold in May, reinforcing the longer-term demand backdrop for the metal. Central banks boost gold reserves with net 41 tonnes purchased in May – World Gold Council
- Positive Sentiment: HSBC and State Street both pointed to continued upside for gold, citing central bank buying, ETF inflows, and diversification demand as structural supports. ‘We anticipate further upside for gold by year-end’ – HSBC’s Sels and Ku
- Positive Sentiment: Analysts say gold is near fair value and could be setting up for another leg higher, while State Street’s base case sees gold reaching as high as $5,500/oz by early 2027. State Street’s baseline scenario sees gold price as high as $5,500/oz by Q1 2027
SPDR Gold MiniShares Trust Price Performance
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.
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