Cornerstone Planning Group LLC Raises Position in SPDR Gold MiniShares Trust $GLDM

Cornerstone Planning Group LLC raised its holdings in shares of SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 12,637.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,789 shares of the company’s stock after buying an additional 8,720 shares during the period. Cornerstone Planning Group LLC’s holdings in SPDR Gold MiniShares Trust were worth $792,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in GLDM. Sumitomo Mitsui Trust Group Inc. increased its holdings in shares of SPDR Gold MiniShares Trust by 1.1% in 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 during the period. Morgan Stanley boosted its holdings in SPDR Gold MiniShares Trust by 22.6% during 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 during the period. Wells Fargo & Company MN boosted its holdings in SPDR Gold MiniShares Trust by 54.3% during the 4th quarter. Wells Fargo & Company MN now owns 7,913,715 shares of the company’s stock valued at $675,594,000 after acquiring an additional 2,785,608 shares during the period. Evoke Wealth LLC grew its position in SPDR Gold MiniShares Trust by 1.7% during 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 last quarter. Finally, Bank of America Corp DE grew its position in 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 acquiring an additional 1,636,398 shares during the last quarter.

SPDR Gold MiniShares Trust Stock Up 0.9%

Shares of SPDR Gold MiniShares Trust stock opened at $79.45 on Friday. SPDR Gold MiniShares Trust has a one year low of $64.71 and a one year high of $109.74. The business’s 50 day simple moving average is $84.88 and its two-hundred day simple moving average is $91.50.

Key Stories Impacting SPDR Gold MiniShares Trust

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

• Positive Sentiment: Gold bounced toward session highs near $4,000 after better-than-expected University of Michigan consumer sentiment data, while one-year inflation expectations eased, helping bullion recover from earlier losses. Spot gold hits session high near $4,000/oz after preliminary Consumer Sentiment rises to 54.4, one-year inflation expectations ease
• Positive Sentiment: Some analysts say the broader gold bull trend is still intact despite the pullback, with commentary suggesting the correction may be nearing completion and that central bank buying remains a long-term support factor. Gold’s Pullback Doesn’t Mean the Bull Market Is Over Gold Rises; Central Bank Buying Likely to Remain Structural Driver
• Neutral Sentiment: Teucrium launched a new physical gold ETF, adding more competition and options in the gold-fund space, but this is unlikely to be a major near-term driver for GLDM. Teucrium Launches TPMT, a New Physical Gold ETF With a 0.24% Fee
• Negative Sentiment: Gold remains under pressure overall, with multiple reports citing weak technicals, stronger Treasury yields, a firmer U.S. dollar, and better economic data as reasons traders are pressing the metal below support near $4,000. Gold breaks $4,000 as yields rise, Fed-rate relief fades – Kitco PM Report Gold (XAU/USD) Price Forecast: Bearish Pressure Builds Near Critical Support

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.