Diversify Wealth Management LLC Has $64.81 Million Position in SPDR Gold MiniShares Trust $GLDM

Diversify Wealth Management LLC grew its position in SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 12,720.7% in the first quarter, HoldingsChannel.com reports. The fund owned 720,395 shares of the company’s stock after buying an additional 714,776 shares during the period. SPDR Gold MiniShares Trust comprises about 1.2% of Diversify Wealth Management LLC’s portfolio, making the stock its 13th biggest holding. Diversify Wealth Management LLC’s holdings in SPDR Gold MiniShares Trust were worth $64,814,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of GLDM. Valmark Advisers Inc. boosted its stake in shares of SPDR Gold MiniShares Trust by 12.1% during the 1st quarter. Valmark Advisers Inc. now owns 45,448 shares of the company’s stock worth $4,213,000 after acquiring an additional 4,896 shares during the period. Carnegie Investment Counsel raised its stake in SPDR Gold MiniShares Trust by 6.0% in the 1st quarter. Carnegie Investment Counsel now owns 3,550 shares of the company’s stock valued at $329,000 after acquiring an additional 200 shares during the period. Citizens Financial Group Inc. RI lifted its holdings in SPDR Gold MiniShares Trust by 16.9% during the 1st quarter. Citizens Financial Group Inc. RI now owns 37,654 shares of the company’s stock valued at $3,490,000 after purchasing an additional 5,447 shares during the last quarter. Fifth Third Bancorp acquired a new stake in SPDR Gold MiniShares Trust during the 1st quarter valued at $10,156,000. Finally, Compass Financial Services Inc lifted its holdings in SPDR Gold MiniShares Trust by 475.1% during the 1st quarter. Compass Financial Services Inc now owns 2,214 shares of the company’s stock valued at $205,000 after purchasing an additional 1,829 shares during the last quarter.

SPDR Gold MiniShares Trust News Summary

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

• Positive Sentiment: Gold is still getting support from central bank buying, with Poland’s central bank and other official buyers continuing to add on dips, which helps limit downside for bullion-backed funds like GLDM. Poland’s central bank is buying the dip as gold’s biggest buyers aren’t backing down
• Positive Sentiment: Some analysts say gold may be carving out a bottom after last month’s sharp losses, and price action above key support levels suggests a rebound is possible if buyers regain momentum. Gold (XAU/USD) Price Forecast: Can Bulls Reclaim Critical Trend Resistance?
• Neutral Sentiment: Gold is hovering around major technical levels, with traders watching whether it can hold support near $4,000-$4,100 and whether a breakout or further consolidation comes next. Gold Defends $4,000 Level as Strong Dollar Caps Gains
• Neutral Sentiment: Markets are waiting for U.S. CPI and other macro data, which could either reinforce the case for tighter policy or revive demand for gold if inflation cools. Gold struggles around $4,100 as markets await CPI and Warsh’s Capitol Hill debut
• Negative Sentiment: Rising Treasury yields and a strong dollar have been weighing on gold, creating headwinds for GLDM and limiting the metal’s rebound attempts. Gold (XAUUSD), Silver, Platinum Forecasts – Gold Pulls Back As Traders Focus on Rising Treasury Yields
• Negative Sentiment: Several reports suggest gold’s rally may stay rangebound or face limited upside in the near term as hawkish Fed expectations and macro uncertainty keep traders cautious. Gold prices will be rangebound through the summer – Metals Focus

SPDR Gold MiniShares Trust Trading Down 0.3%

GLDM stock traded down $0.25 during midday trading on Friday, reaching $81.29. 2,270,480 shares of the company were exchanged, compared to its average volume of 7,971,425. SPDR Gold MiniShares Trust has a one year low of $64.71 and a one year high of $109.74. The business has a 50-day moving average price of $86.15 and a two-hundred day moving average price of $91.83.

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.