Mission Wealth Management LP lowered its position in SPDR Gold MiniShares Trust (NYSEARCA:GLDM – Free Report) by 17.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 27,438 shares of the company’s stock after selling 5,771 shares during the quarter. Mission Wealth Management LP’s holdings in SPDR Gold MiniShares Trust were worth $2,342,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Tennessee Valley Asset Management Partners boosted its holdings in SPDR Gold MiniShares Trust by 3.5% in the fourth quarter. Tennessee Valley Asset Management Partners now owns 49,164 shares of the company’s stock valued at $4,197,000 after acquiring an additional 1,657 shares during the last quarter. Blue Water Asset Management acquired a new position in SPDR Gold MiniShares Trust in the fourth quarter valued at $316,000. Petix & Botte Co boosted its holdings in SPDR Gold MiniShares Trust by 2.4% in the fourth quarter. Petix & Botte Co now owns 19,500 shares of the company’s stock valued at $1,665,000 after acquiring an additional 456 shares during the last quarter. Western Wealth Management LLC boosted its holdings in SPDR Gold MiniShares Trust by 51.4% in the fourth quarter. Western Wealth Management LLC now owns 37,130 shares of the company’s stock valued at $3,170,000 after acquiring an additional 12,599 shares during the last quarter. Finally, TFO Wealth Partners LLC acquired a new position in SPDR Gold MiniShares Trust in the fourth quarter valued at $282,000.
Key Stories Impacting SPDR Gold MiniShares Trust
Here are the key news stories impacting SPDR Gold MiniShares Trust this week:
- Positive Sentiment: Gold rose in early Asian trading on hopes for a U.S.-Iran peace deal, reflecting ongoing geopolitical uncertainty that can boost demand for safe-haven assets like gold. Gold Rises Amid Hopes for U.S.-Iran Peace Deal
- Positive Sentiment: A pullback in the U.S. dollar helped support gold, since a weaker dollar generally makes bullion more attractive to global buyers. Gold Attempts To Rebound After Pullback
- Positive Sentiment: Gold is still holding key support levels, with central bank buying cited as a longer-term tailwind that can help underpin prices. Gold Holds Support
- Neutral Sentiment: Gold has been trading in a mixed setup, with safe-haven demand offset by higher oil prices, rising yields, and speculation about additional Fed tightening. Gold Price Hold Steadies
- Neutral Sentiment: Broader technical commentary suggests gold remains range-bound for now, with traders watching whether bulls can reclaim higher resistance levels. Gold Price Forecast
- Negative Sentiment: Rising Fed rate expectations and higher Treasury yields have pressured gold recently, because higher interest rates increase the opportunity cost of holding non-yielding bullion. Gold Consolidates; May Be Weighed by Fed Rate-Hike Expectations
- Negative Sentiment: Hot inflation data, stronger yields, and a firmer dollar triggered heavy selling in gold, highlighting a key risk if macro conditions stay hawkish. Gold Price Forecast
SPDR Gold MiniShares Trust Trading Up 0.2%
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.
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