WealthNavi Inc. Invests $9.06 Million in SPDR Gold MiniShares Trust $GLDM

WealthNavi Inc. acquired a new stake in shares of SPDR Gold MiniShares Trust (NYSEARCA:GLDM) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm acquired 97,779 shares of the company’s stock, valued at approximately $9,063,000. SPDR Gold MiniShares Trust accounts for about 0.1% of WealthNavi Inc.’s investment portfolio, making the stock its 11th largest position.

A number of other large investors also recently modified their holdings of GLDM. Accredited Wealth Management LLC raised its holdings in SPDR Gold MiniShares Trust by 174.4% during the third quarter. Accredited Wealth Management LLC now owns 343 shares of the company’s stock valued at $26,000 after acquiring an additional 218 shares during the period. Godfrey Financial Associates Inc. purchased a new position in shares of SPDR Gold MiniShares Trust in the fourth quarter valued at about $26,000. HHM Wealth Advisors LLC boosted its stake 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 worth $28,000 after acquiring an additional 213 shares during the period. Root Financial Partners LLC boosted its stake in shares of SPDR Gold MiniShares Trust by 548.2% in the fourth quarter. Root Financial Partners LLC now owns 363 shares of the company’s stock worth $31,000 after acquiring an additional 307 shares during the period. Finally, Networth Advisors LLC purchased a new stake in shares of SPDR Gold MiniShares Trust during the fourth quarter worth about $33,000.

Key Stories Impacting SPDR Gold MiniShares Trust

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

• Positive Sentiment: Gold prices rebounded at points during Thursday’s session as lower Treasury yields, a softer dollar, and bargain hunting helped metals recover from the prior day’s selloff, supporting GLDM. Gold holds $4,000 as Fed hawkishness offsets renewed Gulf risk – Kitco PM Report
• Positive Sentiment: Disappointing economic data, including weaker durable goods orders and softer jobless claims, briefly pushed gold back above the key $4,000 level as investors looked for safety. Gold clings to $4,000/oz after U.S. durable goods drop -4.5% in May Spot gold shoots back above $4,000/oz after U.S. weekly jobless claims dip to 215k
• Neutral Sentiment: Some analysts say gold remains supported by ongoing geopolitical risk and strong central-bank demand, which could help limit further downside even after the recent correction. Gold (XAUUSD) & Silver Price Forecast: Gold Breaks $3,980 as Silver Dives to $57 Amid Ceasefire — Bearish Turn? Gold’s 28% correction is painful, but history suggests the bull market isn’t over
• Negative Sentiment: Multiple market reports warned that gold is struggling below key support and may face deeper downside if the U.S. dollar stays strong and yields remain elevated, which is weighing on GLDM. Gold is going lower, but DeCarley Trading’s Garner sees one potential trade to play this summer Gold (XAU/USD) Price Forecast: Trendline Failure Signals Deeper Downside Risk Gold price could struggle through 2026 as it loses safe-haven status to US bonds – BI’s McGlone

SPDR Gold MiniShares Trust Price Performance

Shares of GLDM opened at $79.66 on Friday. The business’s 50 day moving average is $88.89 and its 200 day moving average is $92.18. SPDR Gold MiniShares Trust has a 12-month low of $64.46 and a 12-month high of $109.74.

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.