Sigma Planning Corp cut its position in SPDR Gold MiniShares Trust (NYSEARCA:GLDM – Free Report) by 30.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,111 shares of the company’s stock after selling 9,602 shares during the quarter. Sigma Planning Corp’s holdings in SPDR Gold MiniShares Trust were worth $1,817,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors have also recently bought and sold shares of the company. Paladin Wealth LLC increased its holdings in shares of SPDR Gold MiniShares Trust by 3.5% in the third quarter. Paladin Wealth LLC now owns 20,851 shares of the company’s stock worth $1,713,000 after purchasing an additional 713 shares during the period. Beacon Capital Management LLC boosted its stake in SPDR Gold MiniShares Trust by 112.9% during the third quarter. Beacon Capital Management LLC now owns 11,402 shares of the company’s stock valued at $937,000 after buying an additional 6,046 shares during the period. Brandywine Oak Private Wealth LLC boosted its stake in SPDR Gold MiniShares Trust by 2.0% during the third quarter. Brandywine Oak Private Wealth LLC now owns 243,206 shares of the company’s stock valued at $19,987,000 after buying an additional 4,749 shares during the period. Lederer & Associates Investment Counsel CA boosted its stake in SPDR Gold MiniShares Trust by 3.0% during the third quarter. Lederer & Associates Investment Counsel CA now owns 9,151 shares of the company’s stock valued at $752,000 after buying an additional 270 shares during the period. Finally, Compass Ion Advisors LLC boosted its stake in SPDR Gold MiniShares Trust by 5.1% during the third quarter. Compass Ion Advisors LLC now owns 70,598 shares of the company’s stock valued at $5,802,000 after buying an additional 3,446 shares during the period.
SPDR Gold MiniShares Trust Stock Performance
SPDR Gold MiniShares Trust stock opened at $80.32 on Wednesday. SPDR Gold MiniShares Trust has a 52 week low of $77.50 and a 52 week high of $109.74. The business has a 50-day simple moving average of $84.83 and a 200 day simple moving average of $89.18.
Trending Headlines about SPDR Gold MiniShares Trust
Here are the key news stories impacting SPDR Gold MiniShares Trust this week:
- Positive Sentiment: Gold rebounded after early losses as declining crude oil prices eased inflation concerns and reduced expectations for additional Fed tightening, encouraging renewed precious-metals buying. Gold climbs above $4,050 as Wall Street rallies ahead of Fed decision
- Positive Sentiment: Gold is attracting safe-haven demand as weak U.S. housing data raises concerns about the economy, while prices continue to hold the important $4,000-per-ounce support level. Gold prices holding above $4,000 as U.S. new home sales fall
- Positive Sentiment: Despite recent weakness, State Street said gold could recover substantially, with a potential path toward $5,500 by early next year. That outlook supports longer-term demand for GLDM. Downside risks are building in gold, but prices still have a path to $5,000
- Neutral Sentiment: Gold briefly weakened but recovered toward session highs even as consumer confidence improved more than expected. Investors remain focused on Wednesday’s Federal Reserve decision and its guidance for future interest rates. Gold price shoots to session high after Consumer Confidence rises
- Negative Sentiment: Analysts warn that gold must establish a durable floor near $4,000 or risk a deeper correction. The metal’s recent two-month decline has raised concerns about weakening momentum, even though prices appear oversold. Gold price needs to build a floor here or face a deeper correction
- Negative Sentiment: Potential for another Fed rate increase later this year, elevated oil prices and Middle East uncertainty could continue to pressure gold by supporting inflation and interest-rate expectations. Gold edges lower as investors mull potential Fed rate hike
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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