SPDR Gold MiniShares Trust $GLDM Shares Sold by Cerity Partners LLC

Cerity Partners LLC reduced its stake in SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 1.8% during the 4th quarter, HoldingsChannel.com reports. The fund owned 1,181,571 shares of the company’s stock after selling 21,687 shares during the quarter. Cerity Partners LLC’s holdings in SPDR Gold MiniShares Trust were worth $100,880,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the stock. Evoke Wealth LLC lifted its holdings in shares of SPDR Gold MiniShares Trust by 1.7% in the 4th quarter. Evoke Wealth LLC now owns 7,374,785 shares of the company’s stock worth $629,586,000 after acquiring an additional 123,123 shares during the last quarter. Bank of America Corp DE lifted its holdings in shares of SPDR Gold MiniShares Trust by 28.6% in the 3rd quarter. Bank of America Corp DE now owns 7,367,296 shares of the company’s stock worth $563,230,000 after acquiring an additional 1,636,398 shares during the last quarter. UBS Group AG lifted its holdings in shares of SPDR Gold MiniShares Trust by 2.9% in the 4th quarter. UBS Group AG now owns 3,412,428 shares of the company’s stock worth $291,319,000 after acquiring an additional 96,624 shares during the last quarter. State Street Corp lifted its holdings in shares of SPDR Gold MiniShares Trust by 0.3% in the 2nd quarter. State Street Corp now owns 2,695,268 shares of the company’s stock worth $176,594,000 after acquiring an additional 8,380 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its holdings in shares of SPDR Gold MiniShares Trust by 9.8% in the 3rd quarter. Ameriprise Financial Inc. now owns 2,667,185 shares of the company’s stock worth $203,919,000 after acquiring an additional 237,644 shares during the last quarter.

SPDR Gold MiniShares Trust News Roundup

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 Stock Performance

Shares of GLDM stock opened at $84.26 on Wednesday. The firm’s 50 day moving average price is $91.42 and its 200-day moving average price is $92.16. SPDR Gold MiniShares Trust has a one year low of $64.46 and a one year high of $109.74.

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.