Kohmann Bosshard Financial Services LLC lifted its stake in SPDR Gold MiniShares Trust (NYSEARCA:GLDM – Free Report) by 165.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,512 shares of the company’s stock after buying an additional 9,673 shares during the period. Kohmann Bosshard Financial Services LLC’s holdings in SPDR Gold MiniShares Trust were worth $1,438,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Godfrey Financial Associates Inc. acquired a new position in SPDR Gold MiniShares Trust in the fourth quarter valued at $26,000. HHM Wealth Advisors LLC increased its position 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 lifted its holdings in shares of SPDR Gold MiniShares Trust by 548.2% in 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 last quarter. Networth Advisors LLC purchased a new stake in shares of SPDR Gold MiniShares Trust in the 4th quarter valued at about $33,000. Finally, Gould Capital LLC boosted its position in shares of SPDR Gold MiniShares Trust by 377.8% in the 3rd quarter. Gould Capital LLC now owns 516 shares of the company’s stock valued at $39,000 after purchasing an additional 408 shares during the period.
SPDR Gold MiniShares Trust Price Performance
Shares of NYSEARCA GLDM opened at $79.42 on Wednesday. The business has a 50-day moving average price of $87.97 and a 200 day moving average price of $92.10. SPDR Gold MiniShares Trust has a 52-week low of $64.71 and a 52-week high of $109.74.
SPDR Gold MiniShares Trust News Roundup
- Positive Sentiment: Some analysts say the recent correction in gold is a buying opportunity, with central banks and governments still likely to support higher gold prices over time. Gold’s correction is a buying opportunity as governments won’t tolerate economic pain – Waratah Capital’s Dunkley
- Positive Sentiment: Gold is still seeing evidence of support near key technical levels, with some forecasts calling for a short-term bottom and a rebound attempt. Gold (XAU/USD) Price Forecast: Bullish Hammer Signals Potential Bottom
- Positive Sentiment: Central banks remain constructive on gold, with an OMFIF survey suggesting official institutions expect significantly higher gold prices over the next 12 months. Central banks see gold prices trading between $5,000 and $6,000 in 12 months – OMFIF Survey
- Neutral Sentiment: Some commentary says gold is rebounding from multi-month lows, but the move is still fragile and depends on whether support near $4,000 holds. Gold (XAUUSD), Silver, Platinum Forecasts – Gold Rebounds From Multi-Month Lows
- Neutral Sentiment: Gold prices remain highly sensitive to upcoming U.S. labor data and Fed-related rate expectations, leaving near-term direction uncertain. Gold (XAUUSD) Price Forecast: Will Warsh and NFP Trigger Gold’s Next Major Move?
- Negative Sentiment: Recent reports say stronger U.S. labor data, firmer Treasury yields, and a hawkish Fed repricing have pressured gold lower, which can weigh on GLDM. Silver firms while gold fades as Fed risk caps rebound – Kitco PM Report
- Negative Sentiment: Several market notes warn that gold could remain under pressure if the dollar stays strong and traders continue pricing in more Fed tightening risk. Gold Declines, Likely Weighed by Hawkish Dollar Repricing
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.
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