Cassaday & Co Wealth Management LLC Has $308.51 Million Position in SPDR Gold MiniShares Trust $GLDM

Cassaday & Co Wealth Management LLC lowered its position in SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 1.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,328,360 shares of the company’s stock after selling 48,907 shares during the quarter. SPDR Gold MiniShares Trust comprises approximately 6.6% of Cassaday & Co Wealth Management LLC’s portfolio, making the stock its 2nd largest holding. Cassaday & Co Wealth Management LLC’s holdings in SPDR Gold MiniShares Trust were worth $308,506,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in GLDM. Godfrey Financial Associates Inc. purchased a new position in SPDR Gold MiniShares Trust during the fourth quarter worth about $26,000. HHM Wealth Advisors LLC grew its holdings in shares of SPDR Gold MiniShares Trust by 236.7% during the first quarter. HHM Wealth Advisors LLC now owns 303 shares of the company’s stock worth $28,000 after purchasing an additional 213 shares in the last quarter. Root Financial Partners LLC grew its holdings in shares of 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 purchasing an additional 307 shares in the last quarter. Networth Advisors LLC bought a new position in shares of SPDR Gold MiniShares Trust in the fourth quarter worth approximately $33,000. Finally, Gould Capital LLC raised its stake in SPDR Gold MiniShares Trust by 377.8% in the third quarter. Gould Capital LLC now owns 516 shares of the company’s stock valued at $39,000 after purchasing an additional 408 shares in 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 Trading Down 0.2%

Shares of SPDR Gold MiniShares Trust stock opened at $79.27 on Tuesday. SPDR Gold MiniShares Trust has a 1 year low of $64.71 and a 1 year high of $109.74. The company has a 50 day simple moving average of $84.60 and a two-hundred day simple moving average of $91.50.

About SPDR Gold MiniShares Trust

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.