WealthNavi Inc. Purchases Shares of 97,779 SPDR Gold MiniShares Trust $GLDM

WealthNavi Inc. purchased a new position in SPDR Gold MiniShares Trust (NYSEARCA:GLDM) during the 1st quarter, HoldingsChannel.com reports. The institutional investor purchased 97,779 shares of the company’s stock, valued at approximately $9,063,000. SPDR Gold MiniShares Trust accounts for approximately 0.1% of WealthNavi Inc.’s holdings, making the stock its 11th biggest holding.

Several other hedge funds and other institutional investors have also made changes to their positions in GLDM. HHM Wealth Advisors LLC lifted its position 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 worth $28,000 after buying an additional 213 shares in the last quarter. Godfrey Financial Associates Inc. purchased a new position in SPDR Gold MiniShares Trust during the 4th quarter valued at approximately $26,000. Accredited Wealth Management LLC grew its holdings in SPDR Gold MiniShares Trust by 174.4% during the 3rd quarter. Accredited Wealth Management LLC now owns 343 shares of the company’s stock valued at $26,000 after buying an additional 218 shares in the last quarter. Root Financial Partners LLC increased its stake in SPDR Gold MiniShares Trust by 548.2% in the 4th quarter. Root Financial Partners LLC now owns 363 shares of the company’s stock worth $31,000 after acquiring an additional 307 shares during the last quarter. Finally, Networth Advisors LLC bought a new stake in SPDR Gold MiniShares Trust in the 4th quarter worth approximately $33,000.

SPDR Gold MiniShares Trust News Summary

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

• Positive Sentiment: Gold prices rebounded at points during Thursday’s session as lower Treasury yields, a softer dollar, and bargain hunting helped metals recover from the prior day’s selloff, supporting GLDM. Gold holds $4,000 as Fed hawkishness offsets renewed Gulf risk – Kitco PM Report
• Positive Sentiment: Disappointing economic data, including weaker durable goods orders and softer jobless claims, briefly pushed gold back above the key $4,000 level as investors looked for safety. Gold clings to $4,000/oz after U.S. durable goods drop -4.5% in May Spot gold shoots back above $4,000/oz after U.S. weekly jobless claims dip to 215k
• Neutral Sentiment: Some analysts say gold remains supported by ongoing geopolitical risk and strong central-bank demand, which could help limit further downside even after the recent correction. Gold (XAUUSD) & Silver Price Forecast: Gold Breaks $3,980 as Silver Dives to $57 Amid Ceasefire — Bearish Turn? Gold’s 28% correction is painful, but history suggests the bull market isn’t over
• Negative Sentiment: Multiple market reports warned that gold is struggling below key support and may face deeper downside if the U.S. dollar stays strong and yields remain elevated, which is weighing on GLDM. Gold is going lower, but DeCarley Trading’s Garner sees one potential trade to play this summer Gold (XAU/USD) Price Forecast: Trendline Failure Signals Deeper Downside Risk Gold price could struggle through 2026 as it loses safe-haven status to US bonds – BI’s McGlone

SPDR Gold MiniShares Trust Stock Up 1.0%

Shares of GLDM opened at $79.66 on Friday. SPDR Gold MiniShares Trust has a 1 year low of $64.46 and a 1 year high of $109.74. The business’s 50 day simple moving average is $88.89 and its 200-day simple moving average is $92.18.

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.