Realta Investment Advisors bought a new stake in SPDR Gold MiniShares Trust (NYSEARCA:GLDM – Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 7,542 shares of the company’s stock, valued at approximately $699,000.
A number of other institutional investors and hedge funds have also recently modified their holdings of GLDM. Morgan Stanley increased its stake in shares of SPDR Gold MiniShares Trust by 22.6% during the 4th quarter. Morgan Stanley now owns 10,562,081 shares of the company’s stock worth $901,685,000 after purchasing an additional 1,943,672 shares during the last quarter. Wells Fargo & Company MN lifted its stake in SPDR Gold MiniShares Trust by 54.3% in the fourth quarter. Wells Fargo & Company MN now owns 7,913,715 shares of the company’s stock valued at $675,594,000 after purchasing an additional 2,785,608 shares during the last quarter. Evoke Wealth LLC lifted its stake in SPDR Gold MiniShares Trust by 1.7% in the fourth quarter. Evoke Wealth LLC now owns 7,374,785 shares of the company’s stock valued at $629,586,000 after purchasing an additional 123,123 shares during the last quarter. Bank of America Corp DE lifted its stake in SPDR Gold MiniShares Trust by 28.6% in the third quarter. Bank of America Corp DE now owns 7,367,296 shares of the company’s stock valued at $563,230,000 after purchasing an additional 1,636,398 shares during the last quarter. Finally, UBS Group AG grew its holdings in SPDR Gold MiniShares Trust by 2.9% during the fourth quarter. UBS Group AG now owns 3,412,428 shares of the company’s stock valued at $291,319,000 after purchasing an additional 96,624 shares during the period.
SPDR Gold MiniShares Trust Price Performance
Shares of NYSEARCA GLDM opened at $80.61 on Friday. The stock has a fifty day simple moving average of $88.61 and a two-hundred day simple moving average of $92.10. SPDR Gold MiniShares Trust has a 1-year low of $64.46 and a 1-year high of $109.74.
Key Headlines Impacting SPDR Gold MiniShares Trust
- Positive Sentiment: Gold and other precious metals are getting support from lower Treasury yields and a dollar that has moved away from recent highs, helping gold regain some ground. Gold (XAUUSD), Silver, Platinum Forecasts – Gold Gains Ground As Dollar Moves Away From Yearly Highs
- Positive Sentiment: Gold found buyers near the $4,000 area, with rebound attempts and session highs showing that investors are still treating that level as important support. Gold Price Analysis – Gold Attempting to Bounce from $4000 Region
- Positive Sentiment: Recent U.S. data, including softer inflation expectations and a weaker consumer sentiment reading, has reinforced demand for gold as a hedge and helped the metal trade firmer. Spot gold hits session high near 4080/oz after final Consumer Sentiment rises to 49.5, one-year and long-term inflation expectations ease
- Neutral Sentiment: Some commentary says gold’s longer-term structure remains vulnerable, with technical breakdowns signaling possible further weakness unless gold reclaims key resistance levels. Gold (XAU/USD) Price Forecast: Trendline Break Signals Bearish Extension
- Negative Sentiment: Several reports say gold remains under pressure from a hawkish Fed, resilient U.S. economic data, and a strong dollar, which could keep GLDM weighed down if those conditions persist. Gold (XAUUSD) Price Forecast: Can China Buying Offset Hawkish Fed Pressure?
- Negative Sentiment: Market analysis from late Thursday and Friday argues gold may still have further downside ahead, with bearish forecasts calling for additional declines after the recent selloff. Gold Declines; Prices Could Have Further to Fall
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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