Decker Wealth Management LLC Makes New Investment in SPDR Gold MiniShares Trust $GLDM

Decker Wealth Management LLC acquired a new stake in SPDR Gold MiniShares Trust (NYSEARCA:GLDM) in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 6,335 shares of the company’s stock, valued at approximately $587,000.

Other large investors have also recently made changes to their positions in the company. China Universal Asset Management Co. Ltd. boosted its stake in SPDR Gold MiniShares Trust by 9.0% in the fourth quarter. China Universal Asset Management Co. Ltd. now owns 206,200 shares of the company’s stock valued at $17,603,000 after acquiring an additional 17,000 shares during the last quarter. Farther Finance Advisors LLC increased its holdings in SPDR Gold MiniShares Trust by 17.4% in the 4th quarter. Farther Finance Advisors LLC now owns 635,706 shares of the company’s stock worth $54,270,000 after acquiring an additional 94,239 shares during the last quarter. AE Wealth Management LLC increased its holdings in SPDR Gold MiniShares Trust by 37.0% in the 4th quarter. AE Wealth Management LLC now owns 330,650 shares of the company’s stock worth $28,228,000 after acquiring an additional 89,313 shares during the last quarter. Forbes Financial Planning Inc. purchased a new stake in SPDR Gold MiniShares Trust in the 4th quarter worth about $4,302,000. Finally, Financial Planning Hawaii Inc. bought a new stake in SPDR Gold MiniShares Trust in the 4th quarter valued at about $2,816,000.

Trending Headlines about SPDR Gold MiniShares Trust

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

• Positive Sentiment: Gold bounced toward session highs near $4,000 after better-than-expected University of Michigan consumer sentiment data, while one-year inflation expectations eased, helping bullion recover from earlier losses. Spot gold hits session high near $4,000/oz after preliminary Consumer Sentiment rises to 54.4, one-year inflation expectations ease
• Positive Sentiment: Some analysts say the broader gold bull trend is still intact despite the pullback, with commentary suggesting the correction may be nearing completion and that central bank buying remains a long-term support factor. Gold’s Pullback Doesn’t Mean the Bull Market Is Over Gold Rises; Central Bank Buying Likely to Remain Structural Driver
• Neutral Sentiment: Teucrium launched a new physical gold ETF, adding more competition and options in the gold-fund space, but this is unlikely to be a major near-term driver for GLDM. Teucrium Launches TPMT, a New Physical Gold ETF With a 0.24% Fee
• Negative Sentiment: Gold remains under pressure overall, with multiple reports citing weak technicals, stronger Treasury yields, a firmer U.S. dollar, and better economic data as reasons traders are pressing the metal below support near $4,000. Gold breaks $4,000 as yields rise, Fed-rate relief fades – Kitco PM Report Gold (XAU/USD) Price Forecast: Bearish Pressure Builds Near Critical Support

SPDR Gold MiniShares Trust Stock Performance

Shares of SPDR Gold MiniShares Trust stock opened at $79.45 on Monday. SPDR Gold MiniShares Trust has a 52-week low of $64.71 and a 52-week high of $109.74. The stock’s 50-day simple moving average is $84.88 and its 200 day simple moving average is $91.54.

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.