HORAN Wealth LLC Purchases Shares of 8,785 SPDR Gold MiniShares Trust $GLDM

HORAN Wealth LLC acquired a new position in SPDR Gold MiniShares Trust (NYSEARCA:GLDM) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 8,785 shares of the company’s stock, valued at approximately $750,000.

Several other large investors have also made changes to their positions in GLDM. HHM Wealth Advisors LLC grew its holdings in SPDR Gold MiniShares Trust by 236.7% in the 1st quarter. HHM Wealth Advisors LLC now owns 303 shares of the company’s stock valued at $28,000 after buying an additional 213 shares during the last quarter. Godfrey Financial Associates Inc. bought a new stake in shares of SPDR Gold MiniShares Trust in the fourth quarter valued at approximately $26,000. Root Financial Partners LLC increased its position in SPDR Gold MiniShares Trust by 548.2% during the fourth 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 acquired a new position in SPDR Gold MiniShares Trust during the 4th quarter valued at $33,000. Finally, Gould Capital LLC raised its stake in SPDR Gold MiniShares Trust by 377.8% during the 3rd quarter. Gould Capital LLC now owns 516 shares of the company’s stock valued at $39,000 after purchasing an additional 408 shares during the last quarter.

More SPDR Gold MiniShares Trust News

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

• Positive Sentiment: Gold is being supported by continued physical demand, especially in China, along with central bank buying, which could help stabilize prices. Gold Edges Higher; Physical Demand Continues to Support
• Positive Sentiment: Sprott’s Paul Wong said gold looks “massively oversold” and could form a cyclical bottom before September, with the debasement trade still intact as a longer-term bullish theme. Gold is oversold, the debasement trade is still on, and the pressure is building – Sprott’s Paul Wong
• Positive Sentiment: Geopolitical risk and Middle East tensions are still seen as a source of safe-haven demand for gold, even as rate pressures dominate near term. Gold (XAUUSD) & Silver Price Forecast: Middle East Risks Support Gold Is a Breakout Coming?
• Neutral Sentiment: Gold is consolidating as traders weigh whether rising oil prices will lift inflation and change the Federal Reserve outlook, leaving the next move uncertain. Gold (XAUUSD) Price Forecast: Gold Consolidates as Oil Clouds Fed Outlook
• Negative Sentiment: Multiple market updates said higher Treasury yields, a stronger dollar, and higher-for-longer Fed expectations are pressuring gold, which is the biggest near-term headwind for GLDM. Gold (XAUUSD), Silver, Platinum Forecasts – Gold Remains Stuck Near $4000 As Treasury Yields Rise
• Negative Sentiment: Analysts also warned that interest rates remain the key driver for precious metals, with gold facing downside risk despite Middle East escalation. Despite Middle East escalation, interest rates remain the key price driver for gold and silver – StoneX
• Negative Sentiment: Late-Sunday and Monday updates also described gold and silver as facing bearish momentum near support as rate expectations and oil-related inflation concerns weighed on sentiment. Gold Falls Amid Higher-For-Longer Interest-Rate Expectations

SPDR Gold MiniShares Trust Price Performance

Shares of SPDR Gold MiniShares Trust stock opened at $79.27 on Tuesday. The firm has a fifty day moving average price of $84.60 and a two-hundred day moving average price of $91.50. SPDR Gold MiniShares Trust has a fifty-two week low of $64.71 and a fifty-two week 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.