Curry Webb Wealth Management LLC acquired a new stake in shares of SPDR Gold MiniShares Trust (NYSEARCA:GLDM – Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 23,877 shares of the company’s stock, valued at approximately $2,213,000. SPDR Gold MiniShares Trust comprises approximately 1.0% of Curry Webb Wealth Management LLC’s investment portfolio, making the stock its 23rd largest position.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. DV Trading LLC grew its position in SPDR Gold MiniShares Trust by 26.7% in the 1st quarter. DV Trading LLC now owns 30,223 shares of the company’s stock worth $2,801,000 after purchasing an additional 6,377 shares during the period. Regents of The University of California bought a new position in shares of SPDR Gold MiniShares Trust during the 1st quarter valued at $133,351,000. WNY Asset Management LLC bought a new position in shares of SPDR Gold MiniShares Trust during the 1st quarter valued at $2,242,000. Essential Partners LLC boosted its stake in shares of SPDR Gold MiniShares Trust by 10.2% in the 1st quarter. Essential Partners LLC now owns 3,245 shares of the company’s stock worth $301,000 after buying an additional 300 shares during the last quarter. Finally, January Capital Advisors LLC bought a new stake in shares of SPDR Gold MiniShares Trust in the first quarter worth $3,800,000.
SPDR Gold MiniShares Trust Stock Performance
SPDR Gold MiniShares Trust stock opened at $80.14 on Monday. SPDR Gold MiniShares Trust has a one year low of $65.13 and a one year high of $109.74. The stock has a fifty day moving average of $82.77 and a 200 day moving average of $91.04.
Trending Headlines about SPDR Gold MiniShares Trust
- Positive Sentiment: Analysts increasingly view gold near $4,000 per ounce as an attractive value area, suggesting downside support for GLDM despite the Federal Reserve’s tightening bias. Gold has value at $4,000 as investors look beyond Fed hawkishness
- Positive Sentiment: The World Gold Council reported stronger central-bank gold buying in the second quarter, while resilient Asian demand supports the longer-term precious-metals outlook. World Gold Council Reports Strong Central Bank Buying
- Neutral Sentiment: Gold remains range-bound, broadly trading between $4,000 and $4,200, as investors await clearer signals on interest rates and Middle East developments. Resistance near $4,200 is limiting near-term upside. Gold Weekly Price Analysis
- Negative Sentiment: The 30-year Treasury yield tested levels last seen in 2007, increasing the opportunity cost of holding non-yielding gold and weighing on GLDM. Gold Pulls Back as Treasury Yields Test New Highs
- Negative Sentiment: Improved U.S. consumer sentiment and easing one-year inflation expectations contributed to gold trading near session lows, while the Fed’s hawkish hold continues to keep rate-cut expectations uncertain. Spot gold near session lows below $4,030
About SPDR Gold MiniShares Trust
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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