Gateway Wealth Partners LLC acquired a new position in shares of SPDR Gold MiniShares Trust (NYSEARCA:GLDM – Free Report) in the 1st quarter, HoldingsChannel.com reports. The fund acquired 76,278 shares of the company’s stock, valued at approximately $7,070,000.
Several other large investors also recently bought and sold shares of the company. PNC Financial Services Group Inc. increased its position in shares of SPDR Gold MiniShares Trust by 288.4% in the first quarter. PNC Financial Services Group Inc. now owns 268 shares of the company’s stock valued at $25,000 after buying an additional 199 shares in the last quarter. Godfrey Financial Associates Inc. purchased a new position in SPDR Gold MiniShares Trust during the 4th quarter valued at about $26,000. HHM Wealth Advisors LLC lifted 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 purchasing an additional 213 shares in the last quarter. Root Financial Partners LLC grew its position in shares of 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 last quarter. Finally, Networth Advisors LLC purchased a new position in shares of SPDR Gold MiniShares Trust during the 4th quarter worth approximately $33,000.
SPDR Gold MiniShares Trust Stock Performance
Shares of SPDR Gold MiniShares Trust stock opened at $80.19 on Monday. SPDR Gold MiniShares Trust has a 1 year low of $64.71 and a 1 year high of $109.74. The business has a 50 day moving average price of $83.69 and a 200 day moving average price of $91.34.
SPDR Gold MiniShares Trust News Roundup
- Positive Sentiment: Gold prices are holding above critical support near $4,000/oz, which some analysts say could mark an inflection point for a renewed bullish move. Gold continues to hold $4,000, which could signal inflection point, analysts say
- Positive Sentiment: China’s June gold imports hit a two-year high as lower prices boosted demand, suggesting strong physical buying support in a key market. China’s June gold imports hit fresh two-year high of 173 tonnes as lower prices boost demand
- Positive Sentiment: Gold is rebounding as Treasury yields ease, which typically supports non-yielding assets like bullion. Gold (XAUUSD), Silver, Platinum Forecasts – Gold Rebounds As Oil Prices Pull Back
- Positive Sentiment: Gold briefly spiked to around $4,070/oz after U.S. housing data missed expectations, reinforcing demand for safe-haven assets. Spot gold spikes to $4,070/oz high as U.S. new home sales rise 1.6% in June
- Neutral Sentiment: Despite the support, gold remains capped by firm Treasury yields, a resilient U.S. economy, and a stronger dollar, limiting the near-term upside for GLDM. Gold stuck in neutral as S&P Global highlights healthy US PMI activity
- Negative Sentiment: Several reports warn that gold has struggled to hold gains above $4,100/oz, leaving the metal vulnerable to further consolidation or downside if rates stay elevated. Investors should still hold a modest amount of gold – BlackRock’s Koesterich
- Negative Sentiment: Late-session selling on Thursday was driven by higher yields and a firmer U.S. dollar, both of which pressured gold prices and can weigh on the ETF. Gold falls as oil spike, higher yields pressure metals – Kitco PM Report
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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