LPL Financial LLC Sells 28,641 Shares of SPDR Gold MiniShares Trust $GLDM

LPL Financial LLC lessened its position in shares of SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 0.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,992,890 shares of the company’s stock after selling 28,641 shares during the period. LPL Financial LLC’s holdings in SPDR Gold MiniShares Trust were worth $255,503,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. China Universal Asset Management Co. Ltd. lifted its holdings in shares of SPDR Gold MiniShares Trust by 9.0% during the 4th quarter. China Universal Asset Management Co. Ltd. now owns 206,200 shares of the company’s stock worth $17,603,000 after acquiring an additional 17,000 shares during the period. Bright Financial Advisors Inc. lifted its holdings in shares of SPDR Gold MiniShares Trust by 19.6% during the 3rd quarter. Bright Financial Advisors Inc. now owns 82,834 shares of the company’s stock worth $6,333,000 after acquiring an additional 13,558 shares during the period. Financial Planning Hawaii Inc. bought a new stake in shares of SPDR Gold MiniShares Trust during the 4th quarter worth approximately $2,816,000. Farther Finance Advisors LLC lifted its holdings in shares of SPDR Gold MiniShares Trust by 17.4% during the 4th quarter. Farther Finance Advisors LLC now owns 635,706 shares of the company’s stock worth $54,270,000 after acquiring an additional 94,239 shares during the period. Finally, AE Wealth Management LLC lifted its stake in SPDR Gold MiniShares Trust by 37.0% in the 4th quarter. AE Wealth Management LLC now owns 330,650 shares of the company’s stock valued at $28,228,000 after purchasing an additional 89,313 shares during the last quarter.

SPDR Gold MiniShares Trust Price Performance

Shares of NYSEARCA:GLDM opened at $84.26 on Wednesday. The firm has a 50 day simple moving average of $91.42 and a 200 day simple moving average of $92.16. SPDR Gold MiniShares Trust has a one year low of $64.46 and a one year high of $109.74.

Key Headlines Impacting SPDR Gold MiniShares Trust

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

• Negative Sentiment: Gold has broken below key technical levels, including the 200-day moving average, with analysts warning of further downside and potential tests of lower support. Gold (XAU/USD) Price Forecast: Bearish Pressure Builds After Breakdown
• Negative Sentiment: Broader weakness in precious metals, including platinum, palladium and silver, suggests the selloff is not isolated to gold and reflects weaker sentiment across the sector. Platinum, palladium extend losses as Bank of America maintains bullish year-end price outlook
• Negative Sentiment: Stronger-than-expected U.S. economic data and rising Fed rate-hike expectations are pressuring gold by supporting the dollar and Treasury yields, reducing gold’s appeal as a non-yielding asset. Gold News: Fed Rate Hike Expectations Put Gold Market Under Pressure
• Negative Sentiment: Recent reports say gold continues to struggle to attract buyers as markets price in firmer rates and less near-term safe-haven demand, reinforcing the bearish tone. Gold price continues to struggle as U.S. Existing Home Sales rise 3.2% in May
• Neutral Sentiment: Some analysts still see a longer-term bullish case for gold, helped by central-bank buying such as China’s continued reserve accumulation, but these factors are not offsetting the current technical and macro pressure. China increases gold reserves by 9.95 tonnes in May for 19th straight month of purchases
• Neutral Sentiment: Gold is still drawing some dip-buying and support from geopolitical uncertainty, but that has only partially stabilized prices rather than reversed the downtrend. Gold holds near $4,330 as oil pares Iran-Israel risk premium – Kitco PM Report

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.