Collaborative Wealth Managment Inc. Purchases 6,746 Shares of SPDR Gold MiniShares Trust $GLDM

Collaborative Wealth Managment Inc. boosted its position in shares of SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 26.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 32,398 shares of the company’s stock after purchasing an additional 6,746 shares during the period. SPDR Gold MiniShares Trust comprises about 1.0% of Collaborative Wealth Managment Inc.’s investment portfolio, making the stock its 25th biggest position. Collaborative Wealth Managment Inc.’s holdings in SPDR Gold MiniShares Trust were worth $2,766,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in GLDM. AQR Capital Management LLC lifted its holdings in SPDR Gold MiniShares Trust by 90.6% during the 1st quarter. AQR Capital Management LLC now owns 24,046 shares of the company’s stock valued at $1,488,000 after purchasing an additional 11,428 shares during the last quarter. Walleye Capital LLC bought a new position in shares of SPDR Gold MiniShares Trust in the second quarter worth about $210,000. Jump Financial LLC raised its stake in shares of SPDR Gold MiniShares Trust by 1.3% in the second quarter. Jump Financial LLC now owns 42,431 shares of the company’s stock worth $2,780,000 after acquiring an additional 530 shares during the last quarter. State Street Corp raised its stake in shares of SPDR Gold MiniShares Trust by 0.3% in the second quarter. State Street Corp now owns 2,695,268 shares of the company’s stock worth $176,594,000 after acquiring an additional 8,380 shares during the last quarter. Finally, NewEdge Advisors LLC raised its stake in shares of SPDR Gold MiniShares Trust by 82.1% in the second quarter. NewEdge Advisors LLC now owns 152,610 shares of the company’s stock worth $9,999,000 after acquiring an additional 68,786 shares during the last quarter.

SPDR Gold MiniShares Trust Price Performance

Shares of NYSEARCA GLDM opened at $89.21 on Tuesday. SPDR Gold MiniShares Trust has a 1-year low of $64.46 and a 1-year high of $109.74. The company has a 50-day moving average of $92.38 and a two-hundred day moving average of $91.62.

Key Headlines Impacting SPDR Gold MiniShares Trust

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

• Positive Sentiment: Gold and silver rallied as the dollar weakened, Treasury-yield expectations fell, and crude oil dropped, all of which can boost gold-backed funds like GLDM. Gold and silver rally as Hormuz deal hopes sink oil – Kitco AM Report
• Positive Sentiment: Gold continued climbing in holiday trading as markets reacted to Middle East headlines, reinforcing demand for safe-haven assets. Gold Price Analysis – Gold rallies in holiday trading
• Positive Sentiment: Analysts said gold’s recent selloff may have been driven by forced sovereign liquidations rather than fading momentum, suggesting room for another leg higher if central banks turn more dovish. Gold’s forced sovereign liquidations could pave the way for the metal’s next great bull run – SPI’s Stephen Innes
• Positive Sentiment: Russia’s central bank reduced its gold reserves to a 24-year low, highlighting official-sector shifts that may be interpreted as supportive of market reallocation into gold. Russia’s sovereign gold reserves plunge 5.7 tonnes in April to 24-year low amid mounting deficits
• Neutral Sentiment: Gold held support near technical levels while silver broke higher, indicating mixed but still constructive precious-metals momentum. Gold (XAUUSD) & Silver Price Forecast: Ceasefire Holds – Gold Defends $4,561, Silver Breaks to $77.78?

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.