Beaumont Financial Advisors LLC Has $7.14 Million Stock Position in SPDR Gold MiniShares Trust $GLDM

Beaumont Financial Advisors LLC lowered its holdings in SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 19.4% 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 77,062 shares of the company’s stock after selling 18,522 shares during the period. Beaumont Financial Advisors LLC’s holdings in SPDR Gold MiniShares Trust were worth $7,143,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in GLDM. Wells Fargo & Company MN raised its holdings 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 valued at $675,594,000 after purchasing an additional 2,785,608 shares during the period. Morgan Stanley grew its holdings in SPDR Gold MiniShares Trust by 22.6% during the fourth quarter. Morgan Stanley now owns 10,562,081 shares of the company’s stock worth $901,685,000 after purchasing an additional 1,943,672 shares during the period. Bank of America Corp DE increased its position in SPDR Gold MiniShares Trust by 28.6% during the third quarter. Bank of America Corp DE now owns 7,367,296 shares of the company’s stock worth $563,230,000 after buying an additional 1,636,398 shares during the last quarter. Payden & Rygel acquired a new position in SPDR Gold MiniShares Trust during the fourth quarter worth approximately $110,981,000. Finally, Resona Asset Management Co. Ltd. raised its stake in SPDR Gold MiniShares Trust by 45.2% in the first quarter. Resona Asset Management Co. Ltd. now owns 3,236,300 shares of the company’s stock valued at $289,066,000 after buying an additional 1,006,700 shares during the period.

SPDR Gold MiniShares Trust Stock Performance

GLDM opened at $80.24 on Thursday. The stock’s fifty day simple moving average is $85.45 and its 200 day simple moving average is $91.67. SPDR Gold MiniShares Trust has a 1-year low of $64.71 and a 1-year high of $109.74.

Key Stories Impacting SPDR Gold MiniShares Trust

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

• Positive Sentiment: Gold benefited from softer U.S. consumer and producer inflation data, which pressured yields and the dollar and improved the outlook for non-yielding assets like gold. Gold edges higher, silver slips as oil keeps inflation risk alive – Kitco PM Report
• Positive Sentiment: Geopolitical and oil-market risks are keeping inflation concerns alive, which can support safe-haven demand for gold. Gold steadies above $4,000 as PPI cools, yields rise – Kitco AM Report
• Positive Sentiment: Several strategists said central bank buying and policy uncertainty remain supportive for gold, even as the metal consolidates below resistance. Gold (XAUUSD) & Silver Price Forecast: Is $4,000 Gold’s Next Bounce or Breakdown?
• Neutral Sentiment: Gold is still facing resistance around the $4,100 area, suggesting the recent rebound may need stronger momentum to extend further. Gold holds firm above $4,000 as investors look beyond inflation fears – Saxo’s Hansen
• Neutral Sentiment: Technical commentary remains mixed, with some forecasts warning that gold is still trapped below resistance while others see signs of a possible reversal. Gold (XAU/USD) Price Forecast: Can Gold Break Out Above Key Resistance?
• Negative Sentiment: Higher Treasury yields at times continue to cap gold’s upside, which can weigh on GLDM if rates keep climbing. Gold Flat Amid Rising Oil Prices

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.