Welch Group LLC Has $4.59 Million Position in SPDR Gold MiniShares Trust $GLDM

Welch Group LLC lifted its stake in shares of SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 135.4% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 49,521 shares of the company’s stock after buying an additional 28,481 shares during the quarter. Welch Group LLC’s holdings in SPDR Gold MiniShares Trust were worth $4,590,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. China Universal Asset Management Co. Ltd. grew its holdings in SPDR Gold MiniShares Trust by 9.0% in the 4th quarter. China Universal Asset Management Co. Ltd. now owns 206,200 shares of the company’s stock valued at $17,603,000 after buying an additional 17,000 shares in the last quarter. Financial Planning Hawaii Inc. acquired a new stake in shares of SPDR Gold MiniShares Trust during the fourth quarter worth $2,816,000. Farther Finance Advisors LLC lifted its holdings in shares of SPDR Gold MiniShares Trust by 17.4% during the fourth quarter. Farther Finance Advisors LLC now owns 635,706 shares of the company’s stock worth $54,270,000 after buying an additional 94,239 shares in the last quarter. Arete Wealth Advisors LLC boosted its position in shares of SPDR Gold MiniShares Trust by 23.9% in the third quarter. Arete Wealth Advisors LLC now owns 57,034 shares of the company’s stock valued at $4,365,000 after acquiring an additional 10,994 shares during the period. Finally, AE Wealth Management LLC boosted its position in shares of SPDR Gold MiniShares Trust by 37.0% in the fourth quarter. AE Wealth Management LLC now owns 330,650 shares of the company’s stock valued at $28,228,000 after acquiring an additional 89,313 shares during the period.

SPDR Gold MiniShares Trust News Roundup

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

• Positive Sentiment: Gold and other precious metals are getting support from lower Treasury yields and a dollar that has moved away from recent highs, helping gold regain some ground. Gold (XAUUSD), Silver, Platinum Forecasts – Gold Gains Ground As Dollar Moves Away From Yearly Highs
• Positive Sentiment: Gold found buyers near the $4,000 area, with rebound attempts and session highs showing that investors are still treating that level as important support. Gold Price Analysis – Gold Attempting to Bounce from $4000 Region
• Positive Sentiment: Recent U.S. data, including softer inflation expectations and a weaker consumer sentiment reading, has reinforced demand for gold as a hedge and helped the metal trade firmer. Spot gold hits session high near 4080/oz after final Consumer Sentiment rises to 49.5, one-year and long-term inflation expectations ease
• Neutral Sentiment: Some commentary says gold’s longer-term structure remains vulnerable, with technical breakdowns signaling possible further weakness unless gold reclaims key resistance levels. Gold (XAU/USD) Price Forecast: Trendline Break Signals Bearish Extension
• Negative Sentiment: Several reports say gold remains under pressure from a hawkish Fed, resilient U.S. economic data, and a strong dollar, which could keep GLDM weighed down if those conditions persist. Gold (XAUUSD) Price Forecast: Can China Buying Offset Hawkish Fed Pressure?
• Negative Sentiment: Market analysis from late Thursday and Friday argues gold may still have further downside ahead, with bearish forecasts calling for additional declines after the recent selloff. Gold Declines; Prices Could Have Further to Fall

SPDR Gold MiniShares Trust Stock Performance

GLDM stock opened at $80.61 on Friday. The company’s 50-day simple moving average is $88.61 and its 200 day simple moving average is $92.10. SPDR Gold MiniShares Trust has a 52 week low of $64.46 and a 52 week 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.