SPDR Gold MiniShares Trust $GLDM Stock Position Decreased by Cedar Point Capital Partners LLC

Cedar Point Capital Partners LLC lowered its stake in SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 11.4% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 71,816 shares of the company’s stock after selling 9,198 shares during the period. SPDR Gold MiniShares Trust accounts for about 3.9% of Cedar Point Capital Partners LLC’s holdings, making the stock its 10th largest holding. Cedar Point Capital Partners LLC’s holdings in SPDR Gold MiniShares Trust were worth $6,131,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Godfrey Financial Associates Inc. purchased a new stake in shares of SPDR Gold MiniShares Trust in the 4th quarter worth approximately $26,000. Accredited Wealth Management LLC grew its stake in shares of SPDR Gold MiniShares Trust by 174.4% in the 3rd quarter. Accredited Wealth Management LLC now owns 343 shares of the company’s stock worth $26,000 after buying an additional 218 shares during the last quarter. Root Financial Partners LLC grew its stake in shares of SPDR Gold MiniShares Trust by 548.2% in the 4th quarter. Root Financial Partners LLC now owns 363 shares of the company’s stock worth $31,000 after buying an additional 307 shares during the last quarter. Networth Advisors LLC purchased a new stake in shares of SPDR Gold MiniShares Trust in the 4th quarter worth approximately $33,000. Finally, Gould Capital LLC grew its stake in shares of SPDR Gold MiniShares Trust by 377.8% in the 3rd quarter. Gould Capital LLC now owns 516 shares of the company’s stock worth $39,000 after buying an additional 408 shares during the last quarter.

SPDR Gold MiniShares Trust News Summary

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

• Neutral Sentiment: Some analysts still see long-term support for gold, citing central bank buying and the possibility that the broader bull market remains intact despite the recent correction.
• Negative Sentiment: Gold has broken below key technical levels, including the 200-day moving average and prior swing lows, signaling more downside risk and weakening near-term momentum. Gold (XAU/USD) Price Forecast: Bearish Breakdown Signals Trend Shift Risk
• Negative Sentiment: Hot U.S. CPI data reinforced expectations that the Federal Reserve may keep rates restrictive for longer, pressuring gold and related ETFs lower. Gold (XAUUSD) Price Forecast: Gold Price Tumbles as Hot CPI Reinforces Fed Rate Hike Path
• Negative Sentiment: Market commentary across multiple outlets says gold is likely to remain weak in the near term, with traders warning the selloff could continue if yields stay elevated and rate-hike odds rise.

SPDR Gold MiniShares Trust Stock Performance

SPDR Gold MiniShares Trust stock opened at $80.77 on Thursday. The stock’s 50 day moving average is $91.25 and its 200 day moving average is $92.16. SPDR Gold MiniShares Trust has a twelve month low of $64.46 and a twelve month 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.