Keudell Morrison Wealth Management acquired a new position in shares of SPDR Gold MiniShares Trust (NYSEARCA:GLDM – Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 10,442 shares of the company’s stock, valued at approximately $891,000.
Other hedge funds have also recently bought and sold shares of the company. China Universal Asset Management Co. Ltd. boosted its holdings in shares of SPDR Gold MiniShares Trust by 9.0% in the 4th quarter. China Universal Asset Management Co. Ltd. now owns 206,200 shares of the company’s stock worth $17,603,000 after buying an additional 17,000 shares during the last quarter. Detalus Advisors LLC boosted its holdings in shares of SPDR Gold MiniShares Trust by 34.0% in the 3rd quarter. Detalus Advisors LLC now owns 91,003 shares of the company’s stock worth $6,957,000 after buying an additional 23,109 shares during the last quarter. Ashton Thomas Private Wealth LLC boosted its holdings in shares of SPDR Gold MiniShares Trust by 29.1% in the 3rd quarter. Ashton Thomas Private Wealth LLC now owns 36,703 shares of the company’s stock worth $2,806,000 after buying an additional 8,284 shares during the last quarter. Belpointe Asset Management LLC boosted its holdings in shares of SPDR Gold MiniShares Trust by 102.7% in the 3rd quarter. Belpointe Asset Management LLC now owns 12,249 shares of the company’s stock worth $936,000 after buying an additional 6,207 shares during the last quarter. Finally, CFS Investment Advisory Services LLC boosted its holdings in shares of SPDR Gold MiniShares Trust by 39.3% in the 3rd quarter. CFS Investment Advisory Services LLC now owns 167,678 shares of the company’s stock worth $13,620,000 after buying an additional 47,344 shares during the last quarter.
SPDR Gold MiniShares Trust News Summary
Here are the key news stories impacting SPDR Gold MiniShares Trust this week:
- Positive Sentiment: Gold and silver rebounded when Treasury yields eased and oil prices fell, improving demand for precious metals as a hedge. Metals recover as Iran talks cool oil, Fed minutes cap risk – Kitco PM Report
- Positive Sentiment: Some analysts say slowing U.S. economic activity and weak manufacturing data could eventually support gold if it increases expectations for easier policy later. Gold prices anchored at $4,500 as S&P Global says U.S. economic activity continues to slow
- Neutral Sentiment: Gold remains stuck in a tightening range, with traders waiting for a breakout to determine the next major move. Gold (XAU/USD) Price Forecast: Momentum Builds Inside Tightening Range
- Neutral Sentiment: Mixed headlines around U.S.-Iran tensions, inflation data, and labor market reports are causing sideways trading rather than a clear trend. Gold (XAUUSD) & Silver Price Forecast: Gold Breaks $4,520 Channel as Silver Rejects $76 — More Downside Ahead?
- Negative Sentiment: Multiple reports say gold is under pressure from higher yields, a firmer dollar, and rate-hike risks, with technical breakdowns suggesting more downside risk if support fails. Gold Price Analysis: Fed Rate Risks Keep XAUUSD and XAGUSD Under Pressure
- Negative Sentiment: Some analysts warn that a break below key support levels could open the door to a deeper correction in gold prices. Gold price faces downside risk on break of 200-DMA and $4,350 critical support – Societe Generale
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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