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

DeDora Capital Inc. boosted its stake in SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 25.4% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 68,561 shares of the company’s stock after purchasing an additional 13,897 shares during the quarter. SPDR Gold MiniShares Trust comprises 1.6% of DeDora Capital Inc.’s investment portfolio, making the stock its 19th biggest position. DeDora Capital Inc.’s holdings in SPDR Gold MiniShares Trust were worth $6,355,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. China Universal Asset Management Co. Ltd. raised its holdings in shares of SPDR Gold MiniShares Trust by 9.0% during the 4th quarter. China Universal Asset Management Co. Ltd. now owns 206,200 shares of the company’s stock worth $17,603,000 after buying an additional 17,000 shares in the last quarter. Farther Finance Advisors LLC lifted its position in shares of SPDR Gold MiniShares Trust by 17.4% during the 4th quarter. Farther Finance Advisors LLC now owns 635,706 shares of the company’s stock worth $54,270,000 after buying an additional 94,239 shares during the last quarter. Financial Planning Hawaii Inc. acquired a new stake in SPDR Gold MiniShares Trust in the fourth quarter valued at about $2,816,000. AE Wealth Management LLC boosted its stake in SPDR Gold MiniShares Trust by 37.0% in the fourth quarter. AE Wealth Management LLC now owns 330,650 shares of the company’s stock valued at $28,228,000 after buying an additional 89,313 shares in the last quarter. Finally, Kraft Davis & Associates LLC bought a new position in SPDR Gold MiniShares Trust in the fourth quarter valued at about $8,594,000.

Trending Headlines about SPDR Gold MiniShares Trust

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 Price Performance

Shares of NYSEARCA 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 stock has a 50-day moving average price of $87.44 and a two-hundred day moving average price of $92.04.

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.