Graetz Wealth LLC Makes New $3.49 Million Investment in SPDR Gold MiniShares Trust $GLDM

Graetz Wealth LLC purchased a new position in shares of SPDR Gold MiniShares Trust (NYSEARCA:GLDM) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 40,922 shares of the company’s stock, valued at approximately $3,493,000. SPDR Gold MiniShares Trust accounts for approximately 3.2% of Graetz Wealth LLC’s investment portfolio, making the stock its 9th largest holding.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in GLDM. Accredited Wealth Management LLC lifted its stake 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 worth $26,000 after purchasing an additional 218 shares during the period. Godfrey Financial Associates Inc. bought a new position in SPDR Gold MiniShares Trust during the fourth quarter worth about $26,000. Root Financial Partners LLC lifted its stake in SPDR Gold MiniShares Trust by 548.2% during the fourth quarter. Root Financial Partners LLC now owns 363 shares of the company’s stock worth $31,000 after purchasing an additional 307 shares during the period. Networth Advisors LLC bought a new position in SPDR Gold MiniShares Trust during the fourth quarter worth about $33,000. Finally, Gould Capital LLC raised 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 acquiring an additional 408 shares during the last quarter.

SPDR Gold MiniShares Trust News Summary

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

• Positive Sentiment: Some traders see gold nearing major long-term support around $4,000 an ounce, with a possible technical rebound if buyers defend that level. Gold (XAU/USD) Price Forecast: Undercut Setup Signals Potential Bottom
• Positive Sentiment: Analysts said gold’s long-term bull market may still be intact despite the recent selloff, arguing that a drop below $4,000 would not necessarily break the broader trend. Don’t fear a drop below $4,000, gold’s bull market isnt broken
• Positive Sentiment: Gold is showing signs of a rebound attempt after the recent sharp selloff, with dip-buyers also appearing in silver and platinum. Gold, Silver, Platinum Forecasts – Gold Attempts To Rebound After Strong Sell-Off
• Neutral Sentiment: Gold is extremely volatile near critical support, with traders watching whether $4,000 holds or breaks, which could determine the next major move. Precious metals traders prepare to defend $4,000 gold
• Neutral Sentiment: Some market commentary says gold may be forming a short-term bottom after testing major support, though downside risk remains if that level fails. Gold (XAU/USD) Price Forecast: Undercut Setup Signals Potential Bottom
• Negative Sentiment: Hot U.S. CPI and PPI reports reinforced expectations that the Fed may keep rates higher for longer, pushing the dollar and yields up and weighing on gold. Gold slumps to 6-month low even as inflation fears rise
• Negative Sentiment: Technical damage has deepened after gold broke below key moving averages and support levels, raising the risk of further downside if buyers do not step in soon. Gold (XAU/USD) Price Forecast: Bearish Breakdown Signals Trend Shift Risk

SPDR Gold MiniShares Trust Trading Up 3.0%

NYSEARCA:GLDM opened at $83.23 on Friday. SPDR Gold MiniShares Trust has a 1 year low of $64.46 and a 1 year high of $109.74. The firm has a 50 day moving average of $91.06 and a 200-day moving average of $92.18.

About SPDR Gold MiniShares Trust

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.