Fifth Third Bancorp Makes New $10.16 Million Investment in SPDR Gold MiniShares Trust $GLDM

Fifth Third Bancorp bought a new stake in shares of SPDR Gold MiniShares Trust (NYSEARCA:GLDM) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 109,574 shares of the company’s stock, valued at approximately $10,156,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. HHM Wealth Advisors LLC boosted its stake in shares of SPDR Gold MiniShares Trust by 236.7% in the 1st quarter. HHM Wealth Advisors LLC now owns 303 shares of the company’s stock worth $28,000 after buying an additional 213 shares during the last quarter. Godfrey Financial Associates Inc. purchased a new stake in SPDR Gold MiniShares Trust during the fourth quarter valued at $26,000. Root Financial Partners LLC increased its position 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 valued at $31,000 after acquiring an additional 307 shares during the last quarter. Networth Advisors LLC bought a new position in SPDR Gold MiniShares Trust in the fourth quarter valued at about $33,000. Finally, Gould Capital LLC lifted its holdings in 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 period.

SPDR Gold MiniShares Trust Price Performance

Shares of NYSEARCA:GLDM opened at $80.24 on Thursday. The stock’s 50-day simple moving average is $85.45 and its two-hundred day simple moving average is $91.67. SPDR Gold MiniShares Trust has a 52-week low of $64.71 and a 52-week high of $109.74.

Key Headlines 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 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.