Northwestern Mutual Wealth Management Co. Boosts Holdings in SPDR Gold MiniShares Trust $GLDM

Northwestern Mutual Wealth Management Co. boosted its position in SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 23.1% during the 4th quarter, HoldingsChannel.com reports. The firm owned 455,037 shares of the company’s stock after purchasing an additional 85,476 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in SPDR Gold MiniShares Trust were worth $38,847,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Accredited Wealth Management LLC lifted its stake in SPDR Gold MiniShares Trust by 174.4% in the 3rd quarter. Accredited Wealth Management LLC now owns 343 shares of the company’s stock worth $26,000 after purchasing an additional 218 shares in the last quarter. Godfrey Financial Associates Inc. purchased a new stake in SPDR Gold MiniShares Trust in the 4th quarter worth approximately $26,000. Networth Advisors LLC purchased a new stake in SPDR Gold MiniShares Trust in the 4th quarter worth approximately $33,000. 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. Finally, EverSource Wealth Advisors LLC lifted its stake in SPDR Gold MiniShares Trust by 34.6% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 564 shares of the company’s stock worth $43,000 after purchasing an additional 145 shares in the last quarter.

Key Stories Impacting SPDR Gold MiniShares Trust

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

• Positive Sentiment: Gold rebounded after weak U.S. growth data and softer labor signals, including higher jobless claims and disappointing housing data, which improved the case for future Fed rate cuts and supported bullion prices. Gold rebounds as weak GDP offsets Hormuz risk – Kitco PM Report
• Positive Sentiment: Several technical-analysis pieces suggest gold is trying to build a bullish reversal after finding support near major moving averages, which can encourage dip-buying in GLDM. Gold (XAU/USD) Price Forecast: Falling Wedge Signals Bullish Reversal
• Positive Sentiment: Traders also bought gold on hopes that a U.S.-Iran deal could reduce geopolitical risk in a way that keeps markets focused on safe-haven demand and broader macro uncertainty. Gold (XAUUSD), Silver, Platinum Forecasts – Gold Prices Jump Amid Iran Deal Hopes
• Neutral Sentiment: Gold is now in a data-dependent phase, with investors watching manufacturing and jobs reports closely because they could change expectations for Fed policy and move gold-related funds like GLDM. Gold braces for labor market week as investors eye manufacturing, jobs data
• Negative Sentiment: Gold also faced pressure when the dollar firmed and Treasury yields rose, reminding investors that higher rates can weigh on non-yielding assets like gold and limit GLDM upside. Gold Price Analysis – Gold Continues to Move with Bond Yields

SPDR Gold MiniShares Trust Trading Up 1.1%

NYSEARCA GLDM opened at $89.93 on Friday. The company’s 50 day simple moving average is $91.64 and its two-hundred day simple moving average is $91.81. SPDR Gold MiniShares Trust has a 1 year low of $64.46 and a 1 year high of $109.74.

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.