Relyea Zuckerberg Hanson LLC Increases Position in SPDR Gold MiniShares Trust $GLDM

Relyea Zuckerberg Hanson LLC lifted its position in shares of SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 14.4% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 63,400 shares of the company’s stock after buying an additional 7,972 shares during the quarter. Relyea Zuckerberg Hanson LLC’s holdings in SPDR Gold MiniShares Trust were worth $5,877,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. HHM Wealth Advisors LLC lifted its position in shares of SPDR Gold MiniShares Trust by 236.7% in the first quarter. HHM Wealth Advisors LLC now owns 303 shares of the company’s stock valued at $28,000 after acquiring an additional 213 shares in the last quarter. Godfrey Financial Associates Inc. purchased a new stake in shares of SPDR Gold MiniShares Trust during the fourth quarter worth about $26,000. Root Financial Partners LLC raised its stake in SPDR Gold MiniShares Trust by 548.2% during the 4th quarter. Root Financial Partners LLC now owns 363 shares of the company’s stock valued at $31,000 after purchasing an additional 307 shares during the period. Networth Advisors LLC bought a new stake in SPDR Gold MiniShares Trust during the 4th quarter valued at approximately $33,000. Finally, Gould Capital LLC lifted its holdings in SPDR Gold MiniShares Trust by 377.8% in the 3rd quarter. Gould Capital LLC now owns 516 shares of the company’s stock worth $39,000 after purchasing an additional 408 shares in the last quarter.

Trending Headlines about SPDR Gold MiniShares Trust

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

• Positive Sentiment: Gold is still getting support from central bank buying, with Poland’s central bank and other official buyers continuing to add on dips, which helps limit downside for bullion-backed funds like GLDM. Poland’s central bank is buying the dip as gold’s biggest buyers aren’t backing down
• Positive Sentiment: Some analysts say gold may be carving out a bottom after last month’s sharp losses, and price action above key support levels suggests a rebound is possible if buyers regain momentum. Gold (XAU/USD) Price Forecast: Can Bulls Reclaim Critical Trend Resistance?
• Neutral Sentiment: Gold is hovering around major technical levels, with traders watching whether it can hold support near $4,000-$4,100 and whether a breakout or further consolidation comes next. Gold Defends $4,000 Level as Strong Dollar Caps Gains
• Neutral Sentiment: Markets are waiting for U.S. CPI and other macro data, which could either reinforce the case for tighter policy or revive demand for gold if inflation cools. Gold struggles around $4,100 as markets await CPI and Warsh’s Capitol Hill debut
• Negative Sentiment: Rising Treasury yields and a strong dollar have been weighing on gold, creating headwinds for GLDM and limiting the metal’s rebound attempts. Gold (XAUUSD), Silver, Platinum Forecasts – Gold Pulls Back As Traders Focus on Rising Treasury Yields
• Negative Sentiment: Several reports suggest gold’s rally may stay rangebound or face limited upside in the near term as hawkish Fed expectations and macro uncertainty keep traders cautious. Gold prices will be rangebound through the summer – Metals Focus

SPDR Gold MiniShares Trust Trading Down 0.3%

GLDM stock traded down $0.25 during midday trading on Friday, hitting $81.29. The company’s stock had a trading volume of 2,270,480 shares, compared to its average volume of 7,971,425. SPDR Gold MiniShares Trust has a 12 month low of $64.71 and a 12 month high of $109.74. The company has a 50 day moving average of $86.15 and a two-hundred day moving average of $91.83.

SPDR Gold MiniShares Trust Company 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.