DeDora Capital Inc. Purchases 13,897 Shares of SPDR Gold MiniShares Trust $GLDM

DeDora Capital Inc. lifted its position in shares of SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 25.4% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 68,561 shares of the company’s stock after buying an additional 13,897 shares during the quarter. SPDR Gold MiniShares Trust comprises 1.6% of DeDora Capital Inc.’s holdings, making the stock its 19th biggest position. DeDora Capital Inc.’s holdings in SPDR Gold MiniShares Trust were worth $6,355,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. Godfrey Financial Associates Inc. bought a new position in SPDR Gold MiniShares Trust during the fourth quarter worth about $26,000. HHM Wealth Advisors LLC boosted its holdings in SPDR Gold MiniShares Trust by 236.7% in the 1st quarter. HHM Wealth Advisors LLC now owns 303 shares of the company’s stock valued at $28,000 after purchasing an additional 213 shares during the period. Root Financial Partners LLC boosted its holdings in SPDR Gold MiniShares Trust by 548.2% in 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 position in shares of SPDR Gold MiniShares Trust during the 4th quarter worth approximately $33,000. Finally, Gould Capital LLC grew its position in shares of 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 in the last quarter.

SPDR Gold MiniShares Trust Stock Up 2.0%

Shares of GLDM opened at $81.54 on Friday. SPDR Gold MiniShares Trust has a 12 month low of $64.71 and a 12 month high of $109.74. The firm’s 50 day moving average is $87.44 and its 200-day moving average is $92.04.

Key SPDR Gold MiniShares Trust News

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

• Positive Sentiment: Gold jumped back above the $4,100/oz level after weaker-than-expected June jobs data and ADP payrolls reinforced expectations for easier Fed policy, supporting bullion-linked funds like GLDM. Article Title
• Positive Sentiment: Central bank buying and official-sector demand continue to be cited as key supports for gold, with strategists saying the recent pullback may be a reset rather than the end of the metal’s longer-term bull case. Article Title
• Neutral Sentiment: Some analysts say gold is facing technical resistance and remains vulnerable to short-term consolidation, even though the broader long-term trend is still constructive. Article Title
• Negative Sentiment: A few reports warn that persistent high interest rates and overhead resistance could cap further upside for gold if incoming economic data does not stay weak. Article Title

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.