Private Advisor Group LLC Sells 242,557 Shares of SPDR Gold MiniShares Trust $GLDM

Private Advisor Group LLC lowered its holdings in SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 26.2% during the 1st quarter, HoldingsChannel.com reports. The firm owned 682,057 shares of the company’s stock after selling 242,557 shares during the quarter. Private Advisor Group LLC’s holdings in SPDR Gold MiniShares Trust were worth $63,220,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Godfrey Financial Associates Inc. bought a new position in SPDR Gold MiniShares Trust in the 4th quarter worth approximately $26,000. HHM Wealth Advisors LLC raised its holdings in SPDR Gold MiniShares Trust by 236.7% during the 1st quarter. HHM Wealth Advisors LLC now owns 303 shares of the company’s stock valued at $28,000 after acquiring an additional 213 shares during the period. Root Financial Partners LLC lifted its position in shares of SPDR Gold MiniShares Trust by 548.2% during the fourth quarter. Root Financial Partners LLC now owns 363 shares of the company’s stock worth $31,000 after acquiring an additional 307 shares in the last quarter. Networth Advisors LLC purchased a new stake in shares of SPDR Gold MiniShares Trust during the fourth quarter worth $33,000. Finally, Gould Capital LLC boosted its holdings in shares of SPDR Gold MiniShares Trust by 377.8% in the third quarter. Gould Capital LLC now owns 516 shares of the company’s stock worth $39,000 after acquiring an additional 408 shares during the period.

Key SPDR Gold MiniShares Trust News

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

• Positive Sentiment: Gold jumped back above the $4,100/oz level after weaker-than-expected June jobs data and ADP payrolls reinforced expectations for easier Fed policy, supporting bullion-linked funds like GLDM. Article Title
• Positive Sentiment: Central bank buying and official-sector demand continue to be cited as key supports for gold, with strategists saying the recent pullback may be a reset rather than the end of the metal’s longer-term bull case. Article Title
• Neutral Sentiment: Some analysts say gold is facing technical resistance and remains vulnerable to short-term consolidation, even though the broader long-term trend is still constructive. Article Title
• Negative Sentiment: A few reports warn that persistent high interest rates and overhead resistance could cap further upside for gold if incoming economic data does not stay weak. Article Title

SPDR Gold MiniShares Trust Trading Up 2.0%

Shares of NYSEARCA GLDM opened at $81.54 on Friday. SPDR Gold MiniShares Trust has a fifty-two week low of $64.71 and a fifty-two week high of $109.74. The stock has a fifty day moving average of $87.44 and a 200-day moving average of $92.04.

SPDR Gold MiniShares Trust 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.