Curry Webb Wealth Management LLC Invests $2.21 Million in SPDR Gold MiniShares Trust $GLDM

by · The Markets Daily

Curry Webb Wealth Management LLC acquired a new stake in shares of SPDR Gold MiniShares Trust (NYSEARCA:GLDM – Free Report) in the first quarter, HoldingsChannel.com reports. The fund acquired 23,877 shares of the company’s stock, valued at approximately $2,213,000. SPDR Gold MiniShares Trust comprises 1.0% of Curry Webb Wealth Management LLC’s investment portfolio, making the stock its 23rd biggest position.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Sumitomo Mitsui Trust Group Inc. increased its position in SPDR Gold MiniShares Trust by 1.1% in the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 18,594,406 shares of the company’s stock worth $1,723,515,000 after buying an additional 206,914 shares in the last quarter. Morgan Stanley lifted its position in shares of SPDR Gold MiniShares Trust by 22.6% during the 4th quarter. Morgan Stanley now owns 10,562,081 shares of the company’s stock valued at $901,685,000 after buying an additional 1,943,672 shares in the last quarter. Wells Fargo & Company MN lifted its position in shares of SPDR Gold MiniShares Trust by 54.3% during the 4th quarter. Wells Fargo & Company MN now owns 7,913,715 shares of the company’s stock valued at $675,594,000 after buying an additional 2,785,608 shares in the last quarter. Evoke Wealth LLC grew its stake in shares of SPDR Gold MiniShares Trust by 1.7% during the 4th quarter. Evoke Wealth LLC now owns 7,374,785 shares of the company’s stock valued at $629,586,000 after acquiring an additional 123,123 shares during the period. Finally, Bank of America Corp DE grew its stake in shares of SPDR Gold MiniShares Trust by 28.6% during the 3rd quarter. Bank of America Corp DE now owns 7,367,296 shares of the company’s stock valued at $563,230,000 after acquiring an additional 1,636,398 shares during the period.

More SPDR Gold MiniShares Trust News

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

  • Positive Sentiment: Analysts increasingly view gold near $4,000 per ounce as an attractive value area, suggesting downside support for GLDM despite the Federal Reserve’s tightening bias. Gold has value at $4,000 as investors look beyond Fed hawkishness
  • Positive Sentiment: The World Gold Council reported stronger central-bank gold buying in the second quarter, while resilient Asian demand supports the longer-term precious-metals outlook. World Gold Council Reports Strong Central Bank Buying
  • Neutral Sentiment: Gold remains range-bound, broadly trading between $4,000 and $4,200, as investors await clearer signals on interest rates and Middle East developments. Resistance near $4,200 is limiting near-term upside. Gold Weekly Price Analysis
  • Negative Sentiment: The 30-year Treasury yield tested levels last seen in 2007, increasing the opportunity cost of holding non-yielding gold and weighing on GLDM. Gold Pulls Back as Treasury Yields Test New Highs
  • Negative Sentiment: Improved U.S. consumer sentiment and easing one-year inflation expectations contributed to gold trading near session lows, while the Fed’s hawkish hold continues to keep rate-cut expectations uncertain. Spot gold near session lows below $4,030

SPDR Gold MiniShares Trust Price Performance

SPDR Gold MiniShares Trust stock opened at $80.14 on Monday. SPDR Gold MiniShares Trust has a 12-month low of $65.13 and a 12-month high of $109.74. The firm has a 50 day moving average of $82.77 and a 200 day moving average of $91.04.

About SPDR Gold MiniShares Trust

(Free Report)

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.

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Want to see what other hedge funds are holding GLDM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SPDR Gold MiniShares Trust (NYSEARCA:GLDM – Free Report).