Diversify Wealth Management LLC Has $64.81 Million Stake in SPDR Gold MiniShares Trust $GLDM

Diversify Wealth Management LLC boosted its holdings in SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 12,720.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 720,395 shares of the company’s stock after purchasing an additional 714,776 shares during the period. SPDR Gold MiniShares Trust comprises about 1.2% of Diversify Wealth Management LLC’s portfolio, making the stock its 13th largest holding. Diversify Wealth Management LLC owned 0.21% of SPDR Gold MiniShares Trust worth $64,814,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Silver Oak Securities Incorporated lifted its position in SPDR Gold MiniShares Trust by 0.7% during the 1st quarter. Silver Oak Securities Incorporated now owns 14,763 shares of the company’s stock worth $1,368,000 after buying an additional 108 shares in the last quarter. Verus Capital Partners LLC grew its holdings in shares of SPDR Gold MiniShares Trust by 1.1% in the 4th quarter. Verus Capital Partners LLC now owns 10,046 shares of the company’s stock valued at $858,000 after acquiring an additional 111 shares in the last quarter. U.S. Capital Wealth Advisors LLC grew its holdings in shares of SPDR Gold MiniShares Trust by 0.8% in the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 14,147 shares of the company’s stock valued at $1,208,000 after acquiring an additional 112 shares in the last quarter. Absolute Capital Management LLC increased its position in shares of SPDR Gold MiniShares Trust by 2.3% in the fourth quarter. Absolute Capital Management LLC now owns 4,956 shares of the company’s stock valued at $423,000 after acquiring an additional 112 shares during the last quarter. Finally, One Charles Private Wealth Services LLC increased its position in shares of SPDR Gold MiniShares Trust by 0.5% in the fourth quarter. One Charles Private Wealth Services LLC now owns 25,976 shares of the company’s stock valued at $2,218,000 after acquiring an additional 120 shares during the last quarter.

SPDR Gold MiniShares Trust Stock Performance

GLDM traded down $0.25 on Friday, hitting $81.29. 2,270,480 shares of the company were exchanged, compared to its average volume of 7,971,425. SPDR Gold MiniShares Trust has a 12 month low of $64.71 and a 12 month high of $109.74. The stock’s fifty day moving average is $86.15 and its 200-day moving average is $91.83.

SPDR Gold MiniShares Trust News Roundup

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

• Positive Sentiment: Gold is still getting support from central bank buying, with Poland’s central bank and other official buyers continuing to add on dips, which helps limit downside for bullion-backed funds like GLDM. Poland’s central bank is buying the dip as gold’s biggest buyers aren’t backing down
• Positive Sentiment: Some analysts say gold may be carving out a bottom after last month’s sharp losses, and price action above key support levels suggests a rebound is possible if buyers regain momentum. Gold (XAU/USD) Price Forecast: Can Bulls Reclaim Critical Trend Resistance?
• Neutral Sentiment: Gold is hovering around major technical levels, with traders watching whether it can hold support near $4,000-$4,100 and whether a breakout or further consolidation comes next. Gold Defends $4,000 Level as Strong Dollar Caps Gains
• Neutral Sentiment: Markets are waiting for U.S. CPI and other macro data, which could either reinforce the case for tighter policy or revive demand for gold if inflation cools. Gold struggles around $4,100 as markets await CPI and Warsh’s Capitol Hill debut
• Negative Sentiment: Rising Treasury yields and a strong dollar have been weighing on gold, creating headwinds for GLDM and limiting the metal’s rebound attempts. Gold (XAUUSD), Silver, Platinum Forecasts – Gold Pulls Back As Traders Focus on Rising Treasury Yields
• Negative Sentiment: Several reports suggest gold’s rally may stay rangebound or face limited upside in the near term as hawkish Fed expectations and macro uncertainty keep traders cautious. Gold prices will be rangebound through the summer – Metals Focus

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.