Beaumont Financial Advisors LLC Has $7.14 Million Holdings in SPDR Gold MiniShares Trust $GLDM

Beaumont Financial Advisors LLC cut its stake in shares of SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 19.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 77,062 shares of the company’s stock after selling 18,522 shares during the quarter. Beaumont Financial Advisors LLC’s holdings in SPDR Gold MiniShares Trust were worth $7,143,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Wells Fargo & Company MN increased its holdings in shares of SPDR Gold MiniShares Trust by 54.3% during the fourth quarter. Wells Fargo & Company MN now owns 7,913,715 shares of the company’s stock worth $675,594,000 after buying an additional 2,785,608 shares in the last quarter. Morgan Stanley boosted its holdings in shares of SPDR Gold MiniShares Trust by 22.6% during the 4th quarter. Morgan Stanley now owns 10,562,081 shares of the company’s stock valued at $901,685,000 after acquiring an additional 1,943,672 shares in the last quarter. Bank of America Corp DE grew its position in SPDR Gold MiniShares Trust by 28.6% during the 3rd quarter. Bank of America Corp DE now owns 7,367,296 shares of the company’s stock worth $563,230,000 after acquiring an additional 1,636,398 shares during the last quarter. Payden & Rygel bought a new position in SPDR Gold MiniShares Trust in the fourth quarter valued at about $110,981,000. Finally, Resona Asset Management Co. Ltd. boosted its stake in shares of SPDR Gold MiniShares Trust by 45.2% during the first quarter. Resona Asset Management Co. Ltd. now owns 3,236,300 shares of the company’s stock valued at $289,066,000 after purchasing an additional 1,006,700 shares in the last quarter.

SPDR Gold MiniShares Trust Stock Down 0.0%

SPDR Gold MiniShares Trust stock opened at $80.24 on Thursday. The business has a 50 day moving average of $85.45 and a 200-day moving average of $91.67. SPDR Gold MiniShares Trust has a 1 year low of $64.71 and a 1 year high of $109.74.

SPDR Gold MiniShares Trust News Roundup

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

• Positive Sentiment: Gold benefited from softer U.S. consumer and producer inflation data, which pressured yields and the dollar and improved the outlook for non-yielding assets like gold. Gold edges higher, silver slips as oil keeps inflation risk alive – Kitco PM Report
• Positive Sentiment: Geopolitical and oil-market risks are keeping inflation concerns alive, which can support safe-haven demand for gold. Gold steadies above $4,000 as PPI cools, yields rise – Kitco AM Report
• Positive Sentiment: Several strategists said central bank buying and policy uncertainty remain supportive for gold, even as the metal consolidates below resistance. Gold (XAUUSD) & Silver Price Forecast: Is $4,000 Gold’s Next Bounce or Breakdown?
• Neutral Sentiment: Gold is still facing resistance around the $4,100 area, suggesting the recent rebound may need stronger momentum to extend further. Gold holds firm above $4,000 as investors look beyond inflation fears – Saxo’s Hansen
• Neutral Sentiment: Technical commentary remains mixed, with some forecasts warning that gold is still trapped below resistance while others see signs of a possible reversal. Gold (XAU/USD) Price Forecast: Can Gold Break Out Above Key Resistance?
• Negative Sentiment: Higher Treasury yields at times continue to cap gold’s upside, which can weigh on GLDM if rates keep climbing. Gold Flat Amid Rising Oil Prices

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.