Daviman Financial LLC Purchases New Shares in SPDR Gold MiniShares Trust $GLDM

Daviman Financial LLC purchased a new stake in shares of SPDR Gold MiniShares Trust (NYSEARCA:GLDM) in the fourth quarter, HoldingsChannel.com reports. The firm purchased 35,370 shares of the company’s stock, valued at approximately $3,020,000. SPDR Gold MiniShares Trust accounts for approximately 1.8% of Daviman Financial LLC’s portfolio, making the stock its 19th largest holding.

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

SPDR Gold MiniShares Trust Trading Down 0.7%

NYSEARCA GLDM opened at $89.21 on Friday. SPDR Gold MiniShares Trust has a 12 month low of $64.46 and a 12 month high of $109.74. The company’s fifty day moving average price is $92.61 and its two-hundred day moving average price is $91.45.

Key SPDR Gold MiniShares Trust News

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

• Negative Sentiment: Spot gold weakened as firm Treasury yields, a stronger dollar, and hawkish Fed inflation comments offset safe-haven demand tied to U.S.-Iran tensions. Gold weakens as U.S.-Iran talks keep oil, rates in focus – Kitco PM Report
• Negative Sentiment: Gold prices are being pulled back by concerns that the Fed may need to raise rates to combat inflation, which hurts demand for non-yielding assets like gold. Gold (XAUUSD), Silver, Platinum Forecasts – Gold Pulls Back As Traders Worry About Hawkish Fed
• Negative Sentiment: Gold and silver are trading lower as a firmer dollar, higher yields, and rate-hike fears continue to pressure precious metals near support levels. Gold, silver ease as dollar firms, U.S.-Iran talks drag on – Kitco AM Report
• Neutral Sentiment: Several forecasts say gold remains in a longer-term bullish structure, but near-term momentum has faded and prices are compressing ahead of a potential breakout. Gold (XAU/USD) Price Forecast: Compression Signals Major Breakout Potential
• Neutral Sentiment: Gold is holding key support, but the market is stuck between rate-hike worries and bond-market stress, leaving direction uncertain for now. Gold, silver prices remain caught between rate hike fears and bond market stress

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.