Bauman Advisory Group LLC Invests $512,000 in SPDR Gold MiniShares Trust $GLDM

Bauman Advisory Group LLC acquired a new stake in SPDR Gold MiniShares Trust (NYSEARCA:GLDM) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 5,997 shares of the company’s stock, valued at approximately $512,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Verus Capital Partners LLC lifted its stake in SPDR Gold MiniShares Trust by 1.1% in the fourth quarter. Verus Capital Partners LLC now owns 10,046 shares of the company’s stock valued at $858,000 after buying an additional 111 shares during the period. U.S. Capital Wealth Advisors LLC increased its stake 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 valued at $1,208,000 after acquiring an additional 112 shares in the last quarter. Absolute Capital Management LLC lifted its position in shares of SPDR Gold MiniShares Trust by 2.3% during the 4th quarter. Absolute Capital Management LLC now owns 4,956 shares of the company’s stock valued at $423,000 after acquiring an additional 112 shares during the period. One Charles Private Wealth Services LLC lifted its position 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 acquiring an additional 120 shares during the period. Finally, Waterloo Capital L.P. boosted its stake in SPDR Gold MiniShares Trust by 0.9% during the fourth quarter. Waterloo Capital L.P. now owns 14,003 shares of the company’s stock worth $1,195,000 after acquiring an additional 121 shares in the last quarter.

SPDR Gold MiniShares Trust News Summary

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

• Positive Sentiment: Some analysts still argue that gold ETFs remain attractive over the long term, citing central bank buying, geopolitical uncertainty, and portfolio diversification benefits. Why Gold ETFs Still Deserve a Place in Long-Term Portfolios
• Positive Sentiment: Central banks are expected to keep increasing gold reserves, which supports long-term demand for the metal and for GLDM. Central banks are bringing gold reserves home as geopolitical risks rise
• Positive Sentiment: Some market strategists still see gold’s risk/reward profile as favorable despite the recent selloff, suggesting downside may not last if inflation or geopolitical risks reaccelerate. Balance of Risks for Gold Tilt Upward From Here
• Neutral Sentiment: Gold briefly benefited from safe-haven demand tied to Middle East uncertainty and a U.S.-Iran ceasefire, but that support faded as traders focused on technical levels. Gold (XAUUSD) & Silver Price Forecast: Ceasefire Holds Amid Iran-Israel Tensions — XAU Dips to $4,275, XAG at $68?
• Negative Sentiment: The Federal Reserve’s hawkish guidance, combined with stronger U.S. economic data and a firm dollar, has triggered broad selling in gold and silver and is the main drag on GLDM today. Gold, silver sink as dollar tests yearly highs following hawkish Fed – Kitco PM Report
• Negative Sentiment: Multiple technical analysts say gold is losing momentum after failing to hold higher resistance levels, raising the risk of further downside if support breaks. Gold (XAU/USD) Price Forecast: Can Bulls Defend Fibonacci Support?
• Negative Sentiment: Several reports warn that gold could slide back toward the $4,000 area if the market continues to price in higher-for-longer rates. Hawkish Fed could push gold prices back to $4,000 next week

SPDR Gold MiniShares Trust Stock Performance

NYSEARCA:GLDM opened at $83.44 on Friday. SPDR Gold MiniShares Trust has a 12 month low of $64.46 and a 12 month high of $109.74. The firm has a fifty day simple moving average of $90.21 and a two-hundred day simple moving average of $92.25.

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.