CMC Financial Group Purchases Shares of 6,400 SPDR Gold MiniShares Trust $GLDM

CMC Financial Group purchased a new position in SPDR Gold MiniShares Trust (NYSEARCA:GLDM) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm purchased 6,400 shares of the company’s stock, valued at approximately $593,000. SPDR Gold MiniShares Trust comprises 1.2% of CMC Financial Group’s investment portfolio, making the stock its 23rd largest position.

Several other institutional investors and hedge funds also recently made changes to their positions in GLDM. Sumitomo Mitsui Trust Group Inc. grew its position in SPDR Gold MiniShares Trust by 1.1% during the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 18,594,406 shares of the company’s stock worth $1,723,515,000 after buying an additional 206,914 shares in the last quarter. Morgan Stanley raised its holdings in SPDR Gold MiniShares Trust by 22.6% in the 4th quarter. Morgan Stanley now owns 10,562,081 shares of the company’s stock valued at $901,685,000 after acquiring an additional 1,943,672 shares in the last quarter. Wells Fargo & Company MN lifted its position in shares of SPDR Gold MiniShares Trust by 54.3% in the 4th quarter. Wells Fargo & Company MN now owns 7,913,715 shares of the company’s stock worth $675,594,000 after acquiring an additional 2,785,608 shares during the period. Evoke Wealth LLC lifted its position in shares of SPDR Gold MiniShares Trust by 1.7% in the 4th quarter. Evoke Wealth LLC now owns 7,374,785 shares of the company’s stock worth $629,586,000 after acquiring an additional 123,123 shares during the period. Finally, Bank of America Corp DE grew its holdings in shares of SPDR Gold MiniShares Trust by 28.6% during the 3rd quarter. Bank of America Corp DE now owns 7,367,296 shares of the company’s stock worth $563,230,000 after purchasing an additional 1,636,398 shares in the last quarter.

SPDR Gold MiniShares Trust Stock Performance

GLDM opened at $80.82 on Wednesday. SPDR Gold MiniShares Trust has a 1 year low of $64.71 and a 1 year high of $109.74. The stock’s 50 day simple moving average is $84.35 and its 200-day simple moving average is $91.46.

SPDR Gold MiniShares Trust News Roundup

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

• Positive Sentiment: Gold prices jumped as buyers stepped in after recent weakness, with short covering and renewed safe-haven demand driving the metal higher even as Treasury yields and the U.S. dollar stayed firm. Gold rallies as buyers ignore higher yields, oil shock – Kitco PM Report
• Positive Sentiment: Several analysts said gold has broken above key resistance and may be setting up for a larger rebound, with central-bank buying, physical demand, and geopolitical risk helping support the outlook. Gold (XAU/USD) Price Forecast: Breakout Signals Point to Higher Prices
• Positive Sentiment: Gold also found support from continuing Middle East tensions and fears tied to the U.S.-Iran conflict, reinforcing demand for defensive assets. Gold Prices Have Tanked. Buying the Dip Makes Sense.
• Neutral Sentiment: Some commentary noted gold is still battling higher yields, a firmer dollar, and the possibility of elevated interest rates, which could limit upside if macro pressure strengthens again. Despite Middle East escalation, interest rates remain the key price driver for gold and silver – StoneX
• Negative Sentiment: Earlier reports said gold had been under pressure near support because of “higher-for-longer” rate expectations, stronger Treasury yields, and dollar strength, which remain the main risks for GLDM if sentiment turns. Gold Falls Amid Higher-For-Longer Interest-Rate Expectations

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.