Fisher Asset Management LLC Buys 7,725 Shares of SPDR Gold MiniShares Trust $GLDM

Fisher Asset Management LLC grew its stake in SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 294.2% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 10,351 shares of the company’s stock after buying an additional 7,725 shares during the quarter. Fisher Asset Management LLC’s holdings in SPDR Gold MiniShares Trust were worth $884,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. U.S. Capital Wealth Advisors LLC boosted its holdings in shares of SPDR Gold MiniShares Trust by 0.8% in the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 14,147 shares of the company’s stock worth $1,208,000 after purchasing an additional 112 shares in the last quarter. One Charles Private Wealth Services LLC grew its holdings in shares of SPDR Gold MiniShares Trust by 0.5% during the 4th quarter. One Charles Private Wealth Services LLC now owns 25,976 shares of the company’s stock valued at $2,218,000 after purchasing an additional 120 shares during the last quarter. EverSource Wealth Advisors LLC raised its position 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 during the period. Meredith Wealth Planning lifted its stake in SPDR Gold MiniShares Trust by 3.8% in the fourth quarter. Meredith Wealth Planning now owns 4,197 shares of the company’s stock worth $358,000 after purchasing an additional 152 shares during the last quarter. Finally, Crews Bank & Trust grew its stake in shares of SPDR Gold MiniShares Trust by 2.1% during the fourth quarter. Crews Bank & Trust now owns 8,450 shares of the company’s stock valued at $721,000 after buying an additional 175 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 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 Price Performance

NYSEARCA GLDM opened at $89.93 on Friday. The stock has a 50-day moving average of $91.64 and a 200-day moving average of $91.81. SPDR Gold MiniShares Trust has a 1-year low of $64.46 and a 1-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.