Cornerstone Planning Group LLC Purchases 8,720 Shares of SPDR Gold MiniShares Trust $GLDM

Cornerstone Planning Group LLC grew its position in shares of SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 12,637.7% in the 1st quarter, HoldingsChannel.com reports. The fund owned 8,789 shares of the company’s stock after buying an additional 8,720 shares during the quarter. Cornerstone Planning Group LLC’s holdings in SPDR Gold MiniShares Trust were worth $792,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Godfrey Financial Associates Inc. bought a new stake in shares of SPDR Gold MiniShares Trust in the fourth quarter worth about $26,000. HHM Wealth Advisors LLC raised its position in SPDR Gold MiniShares Trust by 236.7% during the 1st quarter. HHM Wealth Advisors LLC now owns 303 shares of the company’s stock valued at $28,000 after purchasing an additional 213 shares during the last quarter. Root Financial Partners LLC raised its position in SPDR Gold MiniShares Trust by 548.2% during the 4th 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. Networth Advisors LLC purchased a new stake in SPDR Gold MiniShares Trust in the 4th quarter worth approximately $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 worth $39,000 after buying an additional 408 shares during the period.

Key SPDR Gold MiniShares Trust News

Here are the key news stories impacting SPDR Gold MiniShares Trust this week:

• Positive Sentiment: Gold bounced toward session highs near $4,000 after better-than-expected University of Michigan consumer sentiment data, while one-year inflation expectations eased, helping bullion recover from earlier losses. Spot gold hits session high near $4,000/oz after preliminary Consumer Sentiment rises to 54.4, one-year inflation expectations ease
• Positive Sentiment: Some analysts say the broader gold bull trend is still intact despite the pullback, with commentary suggesting the correction may be nearing completion and that central bank buying remains a long-term support factor. Gold’s Pullback Doesn’t Mean the Bull Market Is Over Gold Rises; Central Bank Buying Likely to Remain Structural Driver
• Neutral Sentiment: Teucrium launched a new physical gold ETF, adding more competition and options in the gold-fund space, but this is unlikely to be a major near-term driver for GLDM. Teucrium Launches TPMT, a New Physical Gold ETF With a 0.24% Fee
• Negative Sentiment: Gold remains under pressure overall, with multiple reports citing weak technicals, stronger Treasury yields, a firmer U.S. dollar, and better economic data as reasons traders are pressing the metal below support near $4,000. Gold breaks $4,000 as yields rise, Fed-rate relief fades – Kitco PM Report Gold (XAU/USD) Price Forecast: Bearish Pressure Builds Near Critical Support

SPDR Gold MiniShares Trust Trading Up 0.9%

Shares of GLDM stock opened at $79.45 on Friday. SPDR Gold MiniShares Trust has a fifty-two week low of $64.71 and a fifty-two week high of $109.74. The business’s 50 day moving average price is $84.88 and its 200-day moving average price is $91.50.

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.