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SPDR Gold MiniShares (GLDM)
- BUY Advisory
- Profitable SELL
- Loss-Inducing SELL
- Profit
- Loss
- PASS (Skip invest)*
Stock price based on last close (see disclosures)
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Upturn Advisory Summary
12/12/2024: GLDM (3-star) is currently NOT-A-BUY. Pass it for now.
Analysis of Past Performance
Type: ETF | Upturn Star Rating | Today’s Advisory: PASS |
Historic Profit: 19.93% | Upturn Advisory Performance  5 | Avg. Invested days: 68 |
| Profits based on simulation | ETF Returns Performance  3 | Last Close 12/12/2024 |
Type: ETF | Today’s Advisory: PASS |
Historic Profit: 19.93% | Avg. Invested days: 68 |
Upturn Star Rating | ETF Returns Performance 3 |
| Profits based on simulation Last Close 12/12/2024 | Upturn Advisory Performance 5 |
Key Highlights
Volume (30-day avg) 3174355 | Beta 0.18 |
52 Weeks Range 39.34 - 55.29 | Updated Date 12/12/2024 |
52 Weeks Range 39.34 - 55.29 | Updated Date 12/12/2024 |
AI Summarization
ETF SPDR Gold MiniShares (GLDM) Overview
Profile:
- Target Sector: Precious Metals
- Asset Allocation: 100% Gold
- Investment Strategy: Tracks the price of gold bullion, providing exposure to gold price movements.
Objective:
- To provide investors with a convenient and cost-effective way to gain exposure to the gold market.
Issuer:
- Name: State Street Global Advisors (SSGA)
- Reputation and Reliability: SSGA is one of the world's largest asset managers with a strong reputation and track record.
- Management: Experienced and qualified team managing over $4 trillion in assets.
Market Share:
- Holds approximately 2% of the total assets invested in gold ETFs.
Total Net Assets:
- Approximately $4 billion.
Moat:
- First mover advantage in the gold mini-shares market.
- Low expense ratio compared to competitors.
- Extensive distribution network and brand recognition.
Financial Performance:
- Has historically tracked the price of gold closely.
- Outperformed its benchmark (gold bullion) in some periods.
Benchmark Comparison:
- GLDM generally tracks the price of gold bullion within a tight range.
Growth Trajectory:
- Gold demand is expected to remain strong, supporting future growth.
Liquidity:
- Average daily trading volume of over 2 million shares.
- Tight bid-ask spread, ensuring efficient trading.
Market Dynamics:
- Gold prices are affected by factors such as inflation, interest rates, and economic uncertainty.
Competitors:
- iShares Gold Trust (IAU): 30% market share
- VanEck Merk Gold Trust (OUNZ): 15% market share
Expense Ratio:
- 0.18%
Investment Approach and Strategy:
- Strategy: Tracks the price of gold bullion by investing in physically allocated gold bars.
- Composition: 100% gold.
Key Points:
- Low cost way to gain exposure to gold.
- Highly liquid and tradable.
- Provides diversification benefits.
Risks:
- Gold price volatility.
- Counterparty risk associated with the custodian of the gold bars.
Who Should Consider Investing:
- Investors seeking exposure to the gold market.
- Investors looking for a hedge against inflation.
- Investors seeking portfolio diversification.
Fundamental Rating Based on AI:
- 8.5/10
- Strong financial health and market position.
- Experienced management team.
- Positive future outlook for gold demand.
Resources:
- SSGA ETF Website: https://www.ssga.com/us/en/individual/etfs/gold-mini-shares-trust
- Morningstar ETF Report: https://www.morningstar.com/etfs/arcx/gldm/quote
Disclaimer:
This information is for educational purposes only and should not be considered investment advice. Please consult with a qualified financial advisor before making any investment decisions.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About SPDR Gold MiniShares
The Shares are designed for investors who want a cost-effective and convenient way to invest in gold. Advantages of investing in the Shares include ease and flexibility of investment and expenses.
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