Bauman Advisory Group LLC Makes New $512,000 Investment in SPDR Gold MiniShares Trust $GLDM

Bauman Advisory Group LLC purchased a new stake in SPDR Gold MiniShares Trust (NYSEARCA:GLDM) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 5,997 shares of the company’s stock, valued at approximately $512,000.

Several other institutional investors and hedge funds also recently made changes to their positions in GLDM. Godfrey Financial Associates Inc. acquired a new position in shares of SPDR Gold MiniShares Trust in the fourth quarter worth approximately $26,000. Accredited Wealth Management LLC boosted its holdings in 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 acquiring an additional 218 shares during the last quarter. Root Financial Partners LLC increased its position in SPDR Gold MiniShares Trust by 548.2% during the 4th quarter. Root Financial Partners LLC now owns 363 shares of the company’s stock valued at $31,000 after purchasing an additional 307 shares during the period. Networth Advisors LLC acquired a new stake in SPDR Gold MiniShares Trust during the 4th quarter valued at approximately $33,000. Finally, Gould Capital LLC raised its holdings in SPDR Gold MiniShares Trust by 377.8% during the 3rd quarter. Gould Capital LLC now owns 516 shares of the company’s stock worth $39,000 after purchasing an additional 408 shares during the last quarter.

SPDR Gold MiniShares Trust Stock Performance

SPDR Gold MiniShares Trust stock opened at $83.44 on Friday. SPDR Gold MiniShares Trust has a 52-week low of $64.46 and a 52-week high of $109.74. The firm has a 50 day moving average price of $90.21 and a two-hundred day moving average price of $92.25.

SPDR Gold MiniShares Trust News Roundup

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

• Positive Sentiment: Some analysts still argue that gold ETFs remain attractive over the long term, citing central bank buying, geopolitical uncertainty, and portfolio diversification benefits. Why Gold ETFs Still Deserve a Place in Long-Term Portfolios
• Positive Sentiment: Central banks are expected to keep increasing gold reserves, which supports long-term demand for the metal and for GLDM. Central banks are bringing gold reserves home as geopolitical risks rise
• Positive Sentiment: Some market strategists still see gold’s risk/reward profile as favorable despite the recent selloff, suggesting downside may not last if inflation or geopolitical risks reaccelerate. Balance of Risks for Gold Tilt Upward From Here
• Neutral Sentiment: Gold briefly benefited from safe-haven demand tied to Middle East uncertainty and a U.S.-Iran ceasefire, but that support faded as traders focused on technical levels. Gold (XAUUSD) & Silver Price Forecast: Ceasefire Holds Amid Iran-Israel Tensions — XAU Dips to $4,275, XAG at $68?
• Negative Sentiment: The Federal Reserve’s hawkish guidance, combined with stronger U.S. economic data and a firm dollar, has triggered broad selling in gold and silver and is the main drag on GLDM today. Gold, silver sink as dollar tests yearly highs following hawkish Fed – Kitco PM Report
• Negative Sentiment: Multiple technical analysts say gold is losing momentum after failing to hold higher resistance levels, raising the risk of further downside if support breaks. Gold (XAU/USD) Price Forecast: Can Bulls Defend Fibonacci Support?
• Negative Sentiment: Several reports warn that gold could slide back toward the $4,000 area if the market continues to price in higher-for-longer rates. Hawkish Fed could push gold prices back to $4,000 next week

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.