Wealthfront Advisers LLC raised its position in shares of SPDR Gold MiniShares Trust (NYSEARCA:GLDM – Free Report) by 29.6% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 458,522 shares of the company’s stock after purchasing an additional 104,667 shares during the quarter. Wealthfront Advisers LLC owned about 0.14% of SPDR Gold MiniShares Trust worth $42,500,000 as of its most recent SEC filing.
Several other hedge funds also recently modified their holdings of GLDM. Godfrey Financial Associates Inc. bought a new position in SPDR Gold MiniShares Trust during the fourth quarter valued at about $26,000. HHM Wealth Advisors LLC raised its position in SPDR Gold MiniShares Trust by 236.7% in the first quarter. HHM Wealth Advisors LLC now owns 303 shares of the company’s stock worth $28,000 after acquiring an additional 213 shares in the last quarter. Root Financial Partners LLC raised 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 worth $31,000 after acquiring an additional 307 shares in the last quarter. Networth Advisors LLC acquired a new stake in SPDR Gold MiniShares Trust in the 4th quarter valued at about $33,000. Finally, Gould Capital LLC lifted 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 acquiring an additional 408 shares during the last quarter.
SPDR Gold MiniShares Trust Stock Performance
NYSEARCA:GLDM opened at $80.24 on Thursday. SPDR Gold MiniShares Trust has a twelve month low of $64.71 and a twelve month high of $109.74. The company has a 50-day moving average of $85.45 and a 200-day moving average of $91.67.
SPDR Gold MiniShares Trust News Roundup
- Positive Sentiment: Gold benefited from softer U.S. consumer and producer inflation data, which pressured yields and the dollar and improved the outlook for non-yielding assets like gold. Gold edges higher, silver slips as oil keeps inflation risk alive – Kitco PM Report
- Positive Sentiment: Geopolitical and oil-market risks are keeping inflation concerns alive, which can support safe-haven demand for gold. Gold steadies above $4,000 as PPI cools, yields rise – Kitco AM Report
- Positive Sentiment: Several strategists said central bank buying and policy uncertainty remain supportive for gold, even as the metal consolidates below resistance. Gold (XAUUSD) & Silver Price Forecast: Is $4,000 Gold’s Next Bounce or Breakdown?
- Neutral Sentiment: Gold is still facing resistance around the $4,100 area, suggesting the recent rebound may need stronger momentum to extend further. Gold holds firm above $4,000 as investors look beyond inflation fears – Saxo’s Hansen
- Neutral Sentiment: Technical commentary remains mixed, with some forecasts warning that gold is still trapped below resistance while others see signs of a possible reversal. Gold (XAU/USD) Price Forecast: Can Gold Break Out Above Key Resistance?
- Negative Sentiment: Higher Treasury yields at times continue to cap gold’s upside, which can weigh on GLDM if rates keep climbing. Gold Flat Amid Rising Oil Prices
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.
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