Private Advisor Group LLC decreased its holdings in SPDR Gold MiniShares Trust (NYSEARCA:GLDM – Free Report) by 26.2% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 682,057 shares of the company’s stock after selling 242,557 shares during the quarter. Private Advisor Group LLC owned 0.20% of SPDR Gold MiniShares Trust worth $63,220,000 at the end of the most recent quarter.
Several other large investors have also added to or reduced their stakes in the business. Silver Oak Securities Incorporated increased its holdings in SPDR Gold MiniShares Trust by 0.7% during the 1st quarter. Silver Oak Securities Incorporated now owns 14,763 shares of the company’s stock worth $1,368,000 after purchasing an additional 108 shares in the last quarter. Verus Capital Partners LLC lifted its holdings in shares of SPDR Gold MiniShares Trust by 1.1% in the fourth quarter. Verus Capital Partners LLC now owns 10,046 shares of the company’s stock valued at $858,000 after purchasing an additional 111 shares in the last quarter. U.S. Capital Wealth Advisors LLC lifted its holdings in shares of SPDR Gold MiniShares Trust by 0.8% in the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 14,147 shares of the company’s stock valued at $1,208,000 after purchasing an additional 112 shares in the last quarter. Absolute Capital Management LLC boosted its position in shares of SPDR Gold MiniShares Trust by 2.3% during the fourth quarter. Absolute Capital Management LLC now owns 4,956 shares of the company’s stock valued at $423,000 after buying an additional 112 shares during the last quarter. Finally, One Charles Private Wealth Services LLC boosted its position in shares of SPDR Gold MiniShares Trust by 0.5% during the fourth quarter. One Charles Private Wealth Services LLC now owns 25,976 shares of the company’s stock valued at $2,218,000 after buying an additional 120 shares during the last quarter.
SPDR Gold MiniShares Trust Price Performance
NYSEARCA GLDM opened at $81.54 on Friday. The business has a fifty day simple moving average of $87.44 and a 200 day simple moving average of $92.04. SPDR Gold MiniShares Trust has a 12 month low of $64.71 and a 12 month high of $109.74.
Trending Headlines about SPDR Gold MiniShares Trust
- 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 Company 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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