CMC Financial Group Buys New Stake in SPDR Gold MiniShares Trust $GLDM

CMC Financial Group bought a new stake in SPDR Gold MiniShares Trust (NYSEARCA:GLDM) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 6,400 shares of the company’s stock, valued at approximately $593,000. SPDR Gold MiniShares Trust accounts for about 1.2% of CMC Financial Group’s portfolio, making the stock its 23rd biggest position.

Other hedge funds have also recently added to or reduced their stakes in the company. HORAN Wealth LLC acquired a new stake in SPDR Gold MiniShares Trust during the first quarter valued at approximately $750,000. Glenview Trust Co raised its holdings in shares of SPDR Gold MiniShares Trust by 2.4% in the 1st quarter. Glenview Trust Co now owns 88,275 shares of the company’s stock worth $8,182,000 after buying an additional 2,050 shares in the last quarter. Element Pointe Advisors LLC raised its holdings in shares of SPDR Gold MiniShares Trust by 1.2% in the 1st quarter. Element Pointe Advisors LLC now owns 93,799 shares of the company’s stock worth $8,694,000 after buying an additional 1,120 shares in the last quarter. Florida Financial Advisors LLC lifted its position in shares of SPDR Gold MiniShares Trust by 32.6% during the 1st quarter. Florida Financial Advisors LLC now owns 12,531 shares of the company’s stock worth $1,162,000 after buying an additional 3,084 shares during the period. Finally, Basepoint Wealth LLC bought a new position in shares of SPDR Gold MiniShares Trust during the 1st quarter worth approximately $60,000.

More SPDR Gold MiniShares Trust News

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

• Positive Sentiment: Gold prices jumped as buyers stepped in after recent weakness, with short covering and renewed safe-haven demand driving the metal higher even as Treasury yields and the U.S. dollar stayed firm. Gold rallies as buyers ignore higher yields, oil shock – Kitco PM Report
• Positive Sentiment: Several analysts said gold has broken above key resistance and may be setting up for a larger rebound, with central-bank buying, physical demand, and geopolitical risk helping support the outlook. Gold (XAU/USD) Price Forecast: Breakout Signals Point to Higher Prices
• Positive Sentiment: Gold also found support from continuing Middle East tensions and fears tied to the U.S.-Iran conflict, reinforcing demand for defensive assets. Gold Prices Have Tanked. Buying the Dip Makes Sense.
• Neutral Sentiment: Some commentary noted gold is still battling higher yields, a firmer dollar, and the possibility of elevated interest rates, which could limit upside if macro pressure strengthens again. Despite Middle East escalation, interest rates remain the key price driver for gold and silver – StoneX
• Negative Sentiment: Earlier reports said gold had been under pressure near support because of “higher-for-longer” rate expectations, stronger Treasury yields, and dollar strength, which remain the main risks for GLDM if sentiment turns. Gold Falls Amid Higher-For-Longer Interest-Rate Expectations

SPDR Gold MiniShares Trust Stock Up 2.0%

Shares of GLDM stock opened at $80.82 on Wednesday. The stock’s fifty day simple moving average is $84.35 and its 200 day simple moving average is $91.46. SPDR Gold MiniShares Trust has a one year low of $64.71 and a one year high of $109.74.

SPDR Gold MiniShares Trust Company 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.