SPDR Gold MiniShares Trust $GLDM Stock Position Lowered by Cassaday & Co Wealth Management LLC

Cassaday & Co Wealth Management LLC trimmed its holdings in SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 1.4% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,328,360 shares of the company’s stock after selling 48,907 shares during the period. SPDR Gold MiniShares Trust makes up 6.6% of Cassaday & Co Wealth Management LLC’s investment portfolio, making the stock its 2nd biggest holding. Cassaday & Co Wealth Management LLC owned approximately 0.98% of SPDR Gold MiniShares Trust worth $308,506,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Silver Oak Securities Incorporated lifted its position in shares of SPDR Gold MiniShares Trust by 0.7% during the first quarter. Silver Oak Securities Incorporated now owns 14,763 shares of the company’s stock worth $1,368,000 after acquiring an additional 108 shares in the last quarter. Verus Capital Partners LLC lifted its holdings in SPDR Gold MiniShares Trust by 1.1% during the 4th quarter. Verus Capital Partners LLC now owns 10,046 shares of the company’s stock worth $858,000 after purchasing an additional 111 shares in the last quarter. U.S. Capital Wealth Advisors LLC lifted its holdings in SPDR Gold MiniShares Trust by 0.8% during the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 14,147 shares of the company’s stock worth $1,208,000 after purchasing an additional 112 shares in the last quarter. Absolute Capital Management LLC boosted its stake in SPDR Gold MiniShares Trust by 2.3% in the 4th quarter. Absolute Capital Management LLC now owns 4,956 shares of the company’s stock worth $423,000 after purchasing an additional 112 shares during the period. Finally, One Charles Private Wealth Services LLC boosted its stake in SPDR Gold MiniShares Trust by 0.5% in the 4th quarter. One Charles Private Wealth Services LLC now owns 25,976 shares of the company’s stock worth $2,218,000 after purchasing an additional 120 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 is being supported by continued physical demand, especially in China, along with central bank buying, which could help stabilize prices. Gold Edges Higher; Physical Demand Continues to Support
• Positive Sentiment: Sprott’s Paul Wong said gold looks “massively oversold” and could form a cyclical bottom before September, with the debasement trade still intact as a longer-term bullish theme. Gold is oversold, the debasement trade is still on, and the pressure is building – Sprott’s Paul Wong
• Positive Sentiment: Geopolitical risk and Middle East tensions are still seen as a source of safe-haven demand for gold, even as rate pressures dominate near term. Gold (XAUUSD) & Silver Price Forecast: Middle East Risks Support Gold Is a Breakout Coming?
• Neutral Sentiment: Gold is consolidating as traders weigh whether rising oil prices will lift inflation and change the Federal Reserve outlook, leaving the next move uncertain. Gold (XAUUSD) Price Forecast: Gold Consolidates as Oil Clouds Fed Outlook
• Negative Sentiment: Multiple market updates said higher Treasury yields, a stronger dollar, and higher-for-longer Fed expectations are pressuring gold, which is the biggest near-term headwind for GLDM. Gold (XAUUSD), Silver, Platinum Forecasts – Gold Remains Stuck Near $4000 As Treasury Yields Rise
• Negative Sentiment: Analysts also warned that interest rates remain the key driver for precious metals, with gold facing downside risk despite Middle East escalation. Despite Middle East escalation, interest rates remain the key price driver for gold and silver – StoneX
• Negative Sentiment: Late-Sunday and Monday updates also described gold and silver as facing bearish momentum near support as rate expectations and oil-related inflation concerns weighed on sentiment. Gold Falls Amid Higher-For-Longer Interest-Rate Expectations

SPDR Gold MiniShares Trust Stock Down 0.2%

GLDM stock opened at $79.27 on Tuesday. SPDR Gold MiniShares Trust has a twelve month low of $64.71 and a twelve month high of $109.74. The stock has a 50-day simple moving average of $84.60 and a two-hundred day simple moving average of $91.50.

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.