Welch Group LLC Purchases 28,481 Shares of SPDR Gold MiniShares Trust $GLDM

Welch Group LLC raised its position in SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 135.4% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 49,521 shares of the company’s stock after acquiring an additional 28,481 shares during the quarter. Welch Group LLC’s holdings in SPDR Gold MiniShares Trust were worth $4,590,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of GLDM. Wells Fargo & Company MN raised its holdings in shares of SPDR Gold MiniShares Trust by 54.3% in the 4th quarter. Wells Fargo & Company MN now owns 7,913,715 shares of the company’s stock valued at $675,594,000 after purchasing an additional 2,785,608 shares during the period. Morgan Stanley grew its holdings in SPDR Gold MiniShares Trust by 22.6% during the fourth quarter. Morgan Stanley now owns 10,562,081 shares of the company’s stock worth $901,685,000 after purchasing an additional 1,943,672 shares during the period. Mizuho Bank Ltd. bought a new position in SPDR Gold MiniShares Trust during the third quarter worth about $137,763,000. Bank of America Corp DE increased its position in SPDR Gold MiniShares Trust by 28.6% during the third quarter. Bank of America Corp DE now owns 7,367,296 shares of the company’s stock worth $563,230,000 after buying an additional 1,636,398 shares during the last quarter. Finally, Payden & Rygel acquired a new position in SPDR Gold MiniShares Trust during the fourth quarter worth approximately $110,981,000.

Key Stories Impacting SPDR Gold MiniShares Trust

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

• Positive Sentiment: Gold and other precious metals are getting support from lower Treasury yields and a dollar that has moved away from recent highs, helping gold regain some ground. Gold (XAUUSD), Silver, Platinum Forecasts – Gold Gains Ground As Dollar Moves Away From Yearly Highs
• Positive Sentiment: Gold found buyers near the $4,000 area, with rebound attempts and session highs showing that investors are still treating that level as important support. Gold Price Analysis – Gold Attempting to Bounce from $4000 Region
• Positive Sentiment: Recent U.S. data, including softer inflation expectations and a weaker consumer sentiment reading, has reinforced demand for gold as a hedge and helped the metal trade firmer. Spot gold hits session high near 4080/oz after final Consumer Sentiment rises to 49.5, one-year and long-term inflation expectations ease
• Neutral Sentiment: Some commentary says gold’s longer-term structure remains vulnerable, with technical breakdowns signaling possible further weakness unless gold reclaims key resistance levels. Gold (XAU/USD) Price Forecast: Trendline Break Signals Bearish Extension
• Negative Sentiment: Several reports say gold remains under pressure from a hawkish Fed, resilient U.S. economic data, and a strong dollar, which could keep GLDM weighed down if those conditions persist. Gold (XAUUSD) Price Forecast: Can China Buying Offset Hawkish Fed Pressure?
• Negative Sentiment: Market analysis from late Thursday and Friday argues gold may still have further downside ahead, with bearish forecasts calling for additional declines after the recent selloff. Gold Declines; Prices Could Have Further to Fall

SPDR Gold MiniShares Trust Stock Performance

NYSEARCA:GLDM opened at $80.61 on Friday. The stock’s 50 day moving average price is $88.61 and its two-hundred day moving average price is $92.10. SPDR Gold MiniShares Trust has a 12-month low of $64.46 and a 12-month high of $109.74.

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.