Quantum Financial Advisors LLC Sells 7,091 Shares of SPDR Gold MiniShares Trust $GLDM

Quantum Financial Advisors LLC reduced its position in shares of SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 4.1% during the second quarter, Holdings Channel reports. The institutional investor owned 166,254 shares of the company’s stock after selling 7,091 shares during the period. SPDR Gold MiniShares Trust comprises about 1.1% of Quantum Financial Advisors LLC’s portfolio, making the stock its 21st largest holding. Quantum Financial Advisors LLC’s holdings in SPDR Gold MiniShares Trust were worth $13,204,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in GLDM. First Heartland Consultants Inc. boosted its holdings in SPDR Gold MiniShares Trust by 93.5% in the second quarter. First Heartland Consultants Inc. now owns 15,587 shares of the company’s stock worth $1,238,000 after acquiring an additional 7,532 shares in the last quarter. LifeGoal Investments LLC increased its holdings in shares of SPDR Gold MiniShares Trust by 9.2% during the second quarter. LifeGoal Investments LLC now owns 27,323 shares of the company’s stock valued at $2,170,000 after acquiring an additional 2,312 shares in the last quarter. Clark Asset Management LLC increased its holdings in shares of SPDR Gold MiniShares Trust by 89.0% during the second quarter. Clark Asset Management LLC now owns 27,120 shares of the company’s stock valued at $2,154,000 after acquiring an additional 12,770 shares in the last quarter. Fermata Advisors LLC increased its holdings in shares of SPDR Gold MiniShares Trust by 202.3% during the second quarter. Fermata Advisors LLC now owns 7,581 shares of the company’s stock valued at $602,000 after acquiring an additional 5,073 shares in the last quarter. Finally, Balefire LLC raised its position in shares of SPDR Gold MiniShares Trust by 131.9% during the second quarter. Balefire LLC now owns 5,492 shares of the company’s stock worth $436,000 after purchasing an additional 3,124 shares during the period.

SPDR Gold MiniShares Trust Trading Up 2.3%

Shares of GLDM opened at $85.95 on Friday. SPDR Gold MiniShares Trust has a 12-month low of $65.64 and a 12-month high of $109.74. The business’s fifty day moving average is $82.16 and its 200 day moving average is $90.75.

More SPDR Gold MiniShares Trust News

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

• Positive Sentiment: A weak U.S. jobs report showing a loss of 23,000 positions in July increased expectations that the Federal Reserve may adopt a more dovish stance. Lower rate expectations, Treasury yields and the dollar generally support non-yielding gold. Gold prices surging higher as U.S. economy loses 23k jobs in July
• Positive Sentiment: Gold broke above a prolonged consolidation range after repeatedly testing support near $4,000 an ounce. Technical analysts see potential for additional gains toward major resistance around $4,382-$4,392 and possibly $4,494. Gold (XAU/USD) Price Forecast: Breakout Builds Toward Key Resistance
• Positive Sentiment: Central-bank demand remains supportive: the People’s Bank of China made its largest monthly gold purchase since 2023 and has now bought bullion for 21 consecutive months. Gold-backed ETFs also recorded net inflows in July after two months of withdrawals. PBOC boosts gold buying with largest monthly purchase since 2023
• Positive Sentiment: Investors are increasing bullish exposure, with traders reportedly spending about $180 million on gold call options. Analysts at BNP Paribas also see room for gold to reach $5,000 if pressure on the Fed contributes to further dollar weakness. Gold bugs spend $180 million betting all’s clear for metal as bond yields stall

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.