CoreCap Advisors LLC grew its holdings in shares of SPDR Gold MiniShares Trust (NYSEARCA:GLDM – Free Report) by 3.2% during the third quarter, HoldingsChannel.com reports. The firm owned 221,663 shares of the company’s stock after acquiring an additional 6,969 shares during the quarter. CoreCap Advisors LLC’s holdings in SPDR Gold MiniShares Trust were worth $18,216,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds also recently made changes to their positions in the business. YHB Investment Advisors Inc. increased its holdings in shares of SPDR Gold MiniShares Trust by 13.9% during the third quarter. YHB Investment Advisors Inc. now owns 21,591 shares of the company’s stock worth $1,774,000 after purchasing an additional 2,635 shares during the period. Titleist Asset Management LLC boosted its stake in shares of SPDR Gold MiniShares Trust by 29.0% in the third quarter. Titleist Asset Management LLC now owns 8,557 shares of the company’s stock valued at $703,000 after buying an additional 1,926 shares during the period. Valeo Financial Advisors LLC grew its position in SPDR Gold MiniShares Trust by 12.3% during the third quarter. Valeo Financial Advisors LLC now owns 6,006 shares of the company’s stock worth $494,000 after buying an additional 658 shares in the last quarter. Tactive Advisors LLC grew its position in SPDR Gold MiniShares Trust by 16.4% during the third quarter. Tactive Advisors LLC now owns 7,570 shares of the company’s stock worth $622,000 after buying an additional 1,064 shares in the last quarter. Finally, Cassilly Financial Group LLC increased its stake in SPDR Gold MiniShares Trust by 2.7% during the 3rd quarter. Cassilly Financial Group LLC now owns 6,782 shares of the company’s stock worth $557,000 after acquiring an additional 180 shares during the period.
Key SPDR Gold MiniShares Trust News
Here are the key news stories impacting SPDR Gold MiniShares Trust this week:
- Positive Sentiment: Gold rebounded as Treasury yields pulled back and the dollar weakened, conditions that generally support non-yielding assets such as gold and could help GLDM recover. Gold, Silver, Platinum Forecasts – Gold Attempts to Rebound as Treasury Yields Pull Back
- Positive Sentiment: Sprott said gold is attracting fresh ETF inflows despite elevated bond yields, while central banks’ continued shift away from dollar assets supports the longer-term bullish case for bullion and GLDM. Gold Gains Ground as Central Banks Retreat from Dollar Assets and Inflation Undermines Bonds
- Positive Sentiment: China’s central bank bought 21 tonnes of gold in September, extending its purchasing streak to 23 months. Official-sector demand remains an important long-term tailwind for gold-backed funds. China’s Central Bank Buys 21 Tonnes of Gold in September
- Neutral Sentiment: Gold is testing support near $4,100–$4,103. A double-bottom or bullish-wedge breakout could trigger a recovery, but a decisive breakdown would signal additional downside for GLDM. Gold Price Forecast: $4,103 Support Holds Key to Next Move
- Negative Sentiment: Fed communications have kept the possibility of another rate hike alive. Higher-for-longer rates, rising Treasury yields and a stronger dollar raise the opportunity cost of holding gold and are the main reasons bullion—and recently GLDM—has decreased. Fed Minutes Weigh on Gold as It Tests $4,100
- Negative Sentiment: Better-than-expected U.S. jobless claims reinforced the perception of a resilient economy, potentially giving the Federal Reserve more room to maintain restrictive policy. Gold Price at $4,122 After U.S. Jobless Claims Fall
SPDR Gold MiniShares Trust Price Performance
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.
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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).
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