SPDR Gold MiniShares Trust $GLDM Shares Acquired by Modern Wealth Management LLC

Modern Wealth Management LLC lifted its position in SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 2,805.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 112,332 shares of the company’s stock after purchasing an additional 108,466 shares during the quarter. Modern Wealth Management LLC’s holdings in SPDR Gold MiniShares Trust were worth $10,593,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of GLDM. China Universal Asset Management Co. Ltd. boosted its stake in shares of SPDR Gold MiniShares Trust by 9.0% during the 4th quarter. China Universal Asset Management Co. Ltd. now owns 206,200 shares of the company’s stock worth $17,603,000 after acquiring an additional 17,000 shares during the period. Farther Finance Advisors LLC lifted its holdings in SPDR Gold MiniShares Trust by 17.4% during the 4th quarter. Farther Finance Advisors LLC now owns 635,706 shares of the company’s stock valued at $54,270,000 after purchasing an additional 94,239 shares during the last quarter. AE Wealth Management LLC lifted its holdings in SPDR Gold MiniShares Trust by 37.0% during the 4th quarter. AE Wealth Management LLC now owns 330,650 shares of the company’s stock valued at $28,228,000 after purchasing an additional 89,313 shares during the last quarter. Forbes Financial Planning Inc. bought a new position in SPDR Gold MiniShares Trust during the fourth quarter worth $4,302,000. Finally, Kraft Davis & Associates LLC bought a new position in SPDR Gold MiniShares Trust during the fourth quarter worth $8,594,000.

Key Headlines Impacting SPDR Gold MiniShares Trust

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

• Positive Sentiment: Some analysts and investors still view the recent decline as healthy profit-taking rather than a trend break, arguing that gold is holding important support and that retail demand has not capitulated. Retail investors remain confident in gold despite recent selling as healthy profit-taking replaces panic, says EverBank’s Gaffney
• Positive Sentiment: Longer-term bullish commentary remains supportive, with prominent investors saying the gold bull market may still be in its early stages and that central-bank buying continues to underpin demand. John Paulson says we are in the early stages of a long-term bull market for gold
• Neutral Sentiment: Gold is still trading around key technical support levels, and chart watchers say a sustained move above resistance near the low-$4,200s would be needed to confirm a broader bullish reversal. Gold (XAU/USD) Price Forecast: Can the Bullish Reversal Survive This Pullback?
• Negative Sentiment: Near-term bullion prices weakened as better-than-expected U.S. jobless claims, rising yields, and a stronger dollar reduced the appeal of gold as a non-yielding asset. Spot gold falls to session lows after U.S. weekly jobless claims drop to 187k
• Negative Sentiment: Late-day trading reports also show gold and silver falling sharply as higher Treasury yields and a stronger U.S. dollar outweighed safe-haven demand, a move that is directly negative for GLDM. Gold falls as oil spike, higher yields pressure metals – Kitco PM Report

SPDR Gold MiniShares Trust Trading Down 2.0%

NYSEARCA:GLDM opened at $80.11 on Friday. The firm’s fifty day moving average price is $83.89 and its two-hundred day moving average price is $91.40. SPDR Gold MiniShares Trust has a one year low of $64.71 and a one year 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.