Sovran Advisors LLC Sells 10,202 Shares of SPDR Gold MiniShares Trust $GLDM

Sovran Advisors LLC decreased its holdings in SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 33.7% during the 1st quarter, Holdings Channel.com reports. The fund owned 20,080 shares of the company’s stock after selling 10,202 shares during the quarter. Sovran Advisors LLC’s holdings in SPDR Gold MiniShares Trust were worth $1,835,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Godfrey Financial Associates Inc. purchased a new position in shares of SPDR Gold MiniShares Trust during the 4th quarter valued at $26,000. HHM Wealth Advisors LLC boosted its position 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 in the last quarter. Root Financial Partners LLC increased its stake 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 valued at $31,000 after purchasing an additional 307 shares in the last quarter. Networth Advisors LLC bought a new position in shares of SPDR Gold MiniShares Trust in the fourth quarter worth approximately $33,000. Finally, Gould Capital LLC increased its holdings in 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 in the last quarter.

SPDR Gold MiniShares Trust Price Performance

NYSEARCA GLDM opened at $81.29 on Monday. The business’s fifty day moving average price is $86.15 and its 200-day moving average price is $91.85. SPDR Gold MiniShares Trust has a 1-year low of $64.71 and a 1-year high of $109.74.

Key SPDR Gold MiniShares Trust News

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

• Positive Sentiment: Gold is still getting support from central bank buying, with Poland’s central bank and other official buyers continuing to add on dips, which helps limit downside for bullion-backed funds like GLDM. Poland’s central bank is buying the dip as gold’s biggest buyers aren’t backing down
• Positive Sentiment: Some analysts say gold may be carving out a bottom after last month’s sharp losses, and price action above key support levels suggests a rebound is possible if buyers regain momentum. Gold (XAU/USD) Price Forecast: Can Bulls Reclaim Critical Trend Resistance?
• Neutral Sentiment: Gold is hovering around major technical levels, with traders watching whether it can hold support near $4,000-$4,100 and whether a breakout or further consolidation comes next. Gold Defends $4,000 Level as Strong Dollar Caps Gains
• Neutral Sentiment: Markets are waiting for U.S. CPI and other macro data, which could either reinforce the case for tighter policy or revive demand for gold if inflation cools. Gold struggles around $4,100 as markets await CPI and Warsh’s Capitol Hill debut
• Negative Sentiment: Rising Treasury yields and a strong dollar have been weighing on gold, creating headwinds for GLDM and limiting the metal’s rebound attempts. Gold (XAUUSD), Silver, Platinum Forecasts – Gold Pulls Back As Traders Focus on Rising Treasury Yields
• Negative Sentiment: Several reports suggest gold’s rally may stay rangebound or face limited upside in the near term as hawkish Fed expectations and macro uncertainty keep traders cautious. Gold prices will be rangebound through the summer – Metals Focus

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.