Lloyd Advisory Services LLC. Makes New Investment in SPDR Gold MiniShares Trust $GLDM

Lloyd Advisory Services LLC. acquired a new position in SPDR Gold MiniShares Trust (NYSEARCA:GLDM) in the 4th quarter, HoldingsChannel reports. The fund acquired 23,040 shares of the company’s stock, valued at approximately $1,967,000. SPDR Gold MiniShares Trust accounts for about 0.8% of Lloyd Advisory Services LLC.’s holdings, making the stock its 20th biggest position.

Several other institutional investors have also added to or reduced their stakes in the company. Evoke Wealth LLC lifted its stake in SPDR Gold MiniShares Trust by 1.7% in the fourth quarter. Evoke Wealth LLC now owns 7,374,785 shares of the company’s stock worth $629,586,000 after purchasing an additional 123,123 shares during the last quarter. Bank of America Corp DE lifted its stake in SPDR Gold MiniShares Trust by 28.6% in the third quarter. Bank of America Corp DE now owns 7,367,296 shares of the company’s stock worth $563,230,000 after purchasing an additional 1,636,398 shares during the last quarter. UBS Group AG lifted its stake in SPDR Gold MiniShares Trust by 2.9% in the fourth quarter. UBS Group AG now owns 3,412,428 shares of the company’s stock worth $291,319,000 after purchasing an additional 96,624 shares during the last quarter. 3EDGE Asset Management LP lifted its stake in SPDR Gold MiniShares Trust by 22.1% in the third quarter. 3EDGE Asset Management LP now owns 2,700,196 shares of the company’s stock worth $206,430,000 after purchasing an additional 488,576 shares during the last quarter. Finally, State Street Corp lifted its stake in SPDR Gold MiniShares Trust by 0.3% in the second quarter. State Street Corp now owns 2,695,268 shares of the company’s stock worth $176,594,000 after purchasing an additional 8,380 shares during the last quarter.

SPDR Gold MiniShares Trust News Summary

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

SPDR Gold MiniShares Trust Price Performance

Shares of NYSEARCA GLDM opened at $89.21 on Friday. The firm has a 50-day simple moving average of $92.61 and a two-hundred day simple moving average of $91.45. SPDR Gold MiniShares Trust has a 1 year low of $64.46 and a 1 year high of $109.74.

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.