SPDR Gold MiniShares Trust $GLDM Shares Sold by Copley Financial Group Inc.

Copley Financial Group Inc. reduced its position in shares of SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 46.1% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 88,903 shares of the company’s stock after selling 76,000 shares during the quarter. SPDR Gold MiniShares Trust comprises 3.4% of Copley Financial Group Inc.’s holdings, making the stock its 7th biggest position. Copley Financial Group Inc.’s holdings in SPDR Gold MiniShares Trust were worth $7,061,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the business. Wells Fargo & Company MN boosted its stake in shares of SPDR Gold MiniShares Trust by 54.3% in the 4th quarter. Wells Fargo & Company MN now owns 7,913,715 shares of the company’s stock valued at $675,594,000 after purchasing an additional 2,785,608 shares during the last quarter. Public Employees Retirement System of Ohio bought a new stake in shares of SPDR Gold MiniShares Trust during the second quarter worth approximately $157,696,000. Morgan Stanley lifted its holdings in SPDR Gold MiniShares Trust by 22.6% in the fourth quarter. Morgan Stanley now owns 10,562,081 shares of the company’s stock valued at $901,685,000 after buying an additional 1,943,672 shares during the period. Bank of America Corp DE lifted its holdings 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 valued at $563,230,000 after buying an additional 1,636,398 shares during the period. Finally, Regents of The University of California bought a new position in SPDR Gold MiniShares Trust in the first quarter valued at approximately $133,351,000.

SPDR Gold MiniShares Trust Stock Up 1.9%

Shares of GLDM stock opened at $88.52 on Friday. The firm’s 50 day moving average price is $83.74 and its two-hundred day moving average price is $89.38. SPDR Gold MiniShares Trust has a 52-week low of $69.98 and a 52-week high of $109.74.

Key Headlines Impacting SPDR Gold MiniShares Trust

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

• Positive Sentiment: Less-hawkish comments from Fed Governor Christopher Waller, softer labor-market indicators and easing bond yields reduced gold’s opportunity cost, helping precious metals extend their rebound. Gold price nears $4,500 as jobs data, Waller ease yield pressure
• Positive Sentiment: Gold broke above near-term resistance and reclaimed important technical levels, with analysts identifying potential upside targets near $4,852 and beyond. Gold Price Forecast: Breakout Targets $4,852 and Beyond
• Positive Sentiment: Central banks bought a net 23 tonnes of gold in July, led by China and Poland, reinforcing the longer-term demand and diversification case for gold. Central banks add 23 net tonnes of gold in July
• Positive Sentiment: Strategists at Societe Generale, Schroders, RBC and Goldman Sachs maintained or upgraded bullish views, citing central-bank buying, geopolitical risk, debt concerns, de-dollarization and currency debasement. Goldman Sachs sees gold at $4,900 by year-end
• Neutral Sentiment: The Netherlands moved roughly 86 tonnes of gold from New York and Ottawa to London for crisis preparedness. The transfer highlights geopolitical concerns but does not represent a sale of gold. Dutch central bank moves gold bars out of U.S. and Canada
• Negative Sentiment: Stronger-than-expected U.S. services activity and elevated 10-year Treasury yields could limit gold’s advance by supporting interest-rate expectations. Friday’s payrolls report remains a key near-term risk: stronger data could push yields and the dollar higher. Gold price after ISM Services PMI rises to 55.4

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.