Signal Advisors Wealth LLC grew its stake in shares of SPDR Gold MiniShares Trust (NYSEARCA:GLDM – Free Report) by 76.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 23,106 shares of the company’s stock after buying an additional 9,983 shares during the period. Signal Advisors Wealth LLC’s holdings in SPDR Gold MiniShares Trust were worth $2,142,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Accredited Wealth Management LLC boosted its position in shares of SPDR Gold MiniShares Trust by 174.4% in the third quarter. Accredited Wealth Management LLC now owns 343 shares of the company’s stock valued at $26,000 after acquiring an additional 218 shares during the period. Godfrey Financial Associates Inc. bought a new stake in SPDR Gold MiniShares Trust during the 4th quarter worth approximately $26,000. Root Financial Partners LLC increased its holdings 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 worth $31,000 after acquiring an additional 307 shares during the period. Networth Advisors LLC bought a new stake in SPDR Gold MiniShares Trust during the 4th quarter worth approximately $33,000. Finally, Gould Capital LLC lifted its stake 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 purchasing an additional 408 shares in the last quarter.
SPDR Gold MiniShares Trust Price Performance
Shares of NYSEARCA:GLDM opened at $82.92 on Tuesday. The firm has a fifty day moving average price of $89.77 and a two-hundred day moving average price of $92.25. SPDR Gold MiniShares Trust has a one year low of $64.46 and a one year high of $109.74.
More SPDR Gold MiniShares Trust News
- Positive Sentiment: Gold rebounded in some sessions as traders bought the dip, with analysts and investors noting that the selloff may create an attractive entry point for bullion exposure. Gold Just Dropped $68. Peter Schiff Says That’s Your Buy Signal.
- Positive Sentiment: Gold also found support from geopolitical uncertainty and ceasefire-related headlines, which can revive safe-haven demand for the metal and support GLDM. Gold (XAUUSD) & Silver Price Forecast: Truce Stability vs Policy Signals Amid Iran-Israel Conflict — Upside Ahead?
- Neutral Sentiment: Some reports said gold was attempting to rebound despite rising Treasury yields, highlighting a mixed backdrop rather than a clear bullish or bearish catalyst. Gold (XAUUSD), Silver, Platinum Forecasts – Gold Attempts To Rebound Despite Rising Treasury Yields
- Neutral Sentiment: Gold briefly moved higher as markets weighed lower oil prices, Fed hike risk, and improving Iran-related developments, suggesting volatility rather than a decisive trend. Gold rebounds above $4,200 as markets weigh Fed hike risk, Iran progress – Kitco AM Report
- Negative Sentiment: Gold fell in Asian trading and opened weaker as macro challenges persisted, including a stronger dollar and firm yields that typically pressure bullion-linked funds like GLDM. Gold Falls; Macro Challenges to Persist in Near Term
- Negative Sentiment: Morgan Stanley said gold may struggle to reach its bullish 2026 target without a meaningful rebound in ETF inflows, which is a concern for gold-backed products. Gold price will struggle to reach $5,200/oz in 2026 without strong ETF inflows – Morgan Stanley
- Negative Sentiment: Bank of America said gold can still reach higher levels eventually, but not anytime soon, after the Fed’s tightening bias created headwinds for the metal. Bank of America says gold can still hit $6,000, just not anytime soon
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.
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