Western Wealth Management LLC Boosts Stake in SPDR Gold MiniShares Trust $GLDM

Western Wealth Management LLC lifted its holdings in SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 51.4% during the fourth quarter, Holdings Channel reports. The institutional investor owned 37,130 shares of the company’s stock after purchasing an additional 12,599 shares during the quarter. Western Wealth Management LLC’s holdings in SPDR Gold MiniShares Trust were worth $3,170,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Accredited Wealth Management LLC boosted its stake in shares of SPDR Gold MiniShares Trust by 174.4% in the third quarter. Accredited Wealth Management LLC now owns 343 shares of the company’s stock valued at $26,000 after buying an additional 218 shares in the last quarter. Networth Advisors LLC purchased a new stake in shares of SPDR Gold MiniShares Trust in the fourth quarter valued at approximately $33,000. Gould Capital LLC boosted its stake in shares of 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 buying an additional 408 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake in shares of SPDR Gold MiniShares Trust by 34.6% in the third quarter. EverSource Wealth Advisors LLC now owns 564 shares of the company’s stock valued at $43,000 after buying an additional 145 shares in the last quarter. Finally, Bogart Wealth LLC boosted its stake in shares of SPDR Gold MiniShares Trust by 684.3% in the fourth quarter. Bogart Wealth LLC now owns 651 shares of the company’s stock valued at $56,000 after buying an additional 568 shares in the last quarter.

SPDR Gold MiniShares Trust Stock Performance

SPDR Gold MiniShares Trust stock opened at $92.78 on Thursday. SPDR Gold MiniShares Trust has a 1-year low of $62.70 and a 1-year high of $109.74. The stock’s 50 day moving average price is $94.25 and its 200 day moving average price is $91.01.

More SPDR Gold MiniShares Trust News

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

• Positive Sentiment: Several reports say gold remains supported by inflation concerns, geopolitical uncertainty, and defensive demand, with traders viewing the metal as a hedge amid sticky CPI and broader market risk. Gold Rises; Defensive Appeal Remains Intact
• Positive Sentiment: Analysts and chart watchers note that gold is defending key technical support levels and may be poised for a bounce, which can help GLDM if bullion stabilizes or resumes higher. The gold chart looks poised for a bounce. How to play it for less
• Positive Sentiment: Multiple forecasts still point to long-term upside for gold, including year-end targets around $5,000 per ounce and higher, reinforcing the bullish case for gold-backed ETFs like GLDM. Gold will navigate near-term headwinds to reach $5,000/oz by year-end – ING’s Manthey
• Neutral Sentiment: Recent gold price action has been choppy, with some reports saying the metal is consolidating below resistance while others note rebounds after inflation data; this suggests GLDM may remain range-bound until yields or inflation expectations move decisively. Gold (XAU/USD) Price Forecast: 100-Day Average Defines Next Move
• Negative Sentiment: Hot CPI and PPI readings, plus rising Treasury yields and a firmer dollar, have weighed on gold prices in the near term, creating headwinds for GLDM. Gold News: Gold Price Future Weakens After PPI Shock and Rising Treasury Yields
• Negative Sentiment: India’s higher import tariffs on gold and silver could curb demand in a major market, which may add pressure to precious-metals prices if the policy change reduces buying. India Raises Gold, Silver Tariffs to Curb Imports

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.