10,442 Shares in SPDR Gold MiniShares Trust $GLDM Purchased by Keudell Morrison Wealth Management

Keudell Morrison Wealth Management purchased a new position in SPDR Gold MiniShares Trust (NYSEARCA:GLDM) during the fourth quarter, Holdings Channel reports. The fund purchased 10,442 shares of the company’s stock, valued at approximately $891,000.

Several other institutional investors have also added to or reduced their stakes in GLDM. AQR Capital Management LLC lifted its holdings in SPDR Gold MiniShares Trust by 90.6% during the first quarter. AQR Capital Management LLC now owns 24,046 shares of the company’s stock valued at $1,488,000 after purchasing an additional 11,428 shares during the last quarter. Walleye Capital LLC purchased a new stake in SPDR Gold MiniShares Trust during the second quarter valued at about $210,000. Jump Financial LLC lifted its holdings in SPDR Gold MiniShares Trust by 1.3% during the second quarter. Jump Financial LLC now owns 42,431 shares of the company’s stock valued at $2,780,000 after purchasing an additional 530 shares during the last quarter. State Street Corp lifted its holdings in SPDR Gold MiniShares Trust by 0.3% during the second quarter. State Street Corp now owns 2,695,268 shares of the company’s stock valued at $176,594,000 after purchasing an additional 8,380 shares during the last quarter. Finally, NewEdge Advisors LLC lifted its holdings in SPDR Gold MiniShares Trust by 82.1% during the second quarter. NewEdge Advisors LLC now owns 152,610 shares of the company’s stock valued at $9,999,000 after purchasing an additional 68,786 shares during the last quarter.

SPDR Gold MiniShares Trust Stock Down 0.1%

NYSEARCA GLDM opened at $89.87 on Friday. SPDR Gold MiniShares Trust has a 52 week low of $64.46 and a 52 week high of $109.74. The firm’s 50-day simple moving average is $92.88 and its two-hundred day simple moving average is $91.47.

Key SPDR Gold MiniShares Trust News

Here are the key news stories impacting SPDR Gold MiniShares Trust this week:

• Positive Sentiment: Gold and silver rebounded when Treasury yields eased and oil prices fell, improving demand for precious metals as a hedge. Metals recover as Iran talks cool oil, Fed minutes cap risk – Kitco PM Report
• Positive Sentiment: Some analysts say slowing U.S. economic activity and weak manufacturing data could eventually support gold if it increases expectations for easier policy later. Gold prices anchored at $4,500 as S&P Global says U.S. economic activity continues to slow
• Neutral Sentiment: Gold remains stuck in a tightening range, with traders waiting for a breakout to determine the next major move. Gold (XAU/USD) Price Forecast: Momentum Builds Inside Tightening Range
• Neutral Sentiment: Mixed headlines around U.S.-Iran tensions, inflation data, and labor market reports are causing sideways trading rather than a clear trend. Gold (XAUUSD) & Silver Price Forecast: Gold Breaks $4,520 Channel as Silver Rejects $76 — More Downside Ahead?
• Negative Sentiment: Multiple reports say gold is under pressure from higher yields, a firmer dollar, and rate-hike risks, with technical breakdowns suggesting more downside risk if support fails. Gold Price Analysis: Fed Rate Risks Keep XAUUSD and XAGUSD Under Pressure
• Negative Sentiment: Some analysts warn that a break below key support levels could open the door to a deeper correction in gold prices. Gold price faces downside risk on break of 200-DMA and $4,350 critical support – Societe Generale

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.