WealthPoint Financial LLC Decreases Stock Holdings in SPDR Gold MiniShares Trust $GLDM

WealthPoint Financial LLC lowered its stake in shares of SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 67.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,252 shares of the company’s stock after selling 10,889 shares during the quarter. WealthPoint Financial LLC’s holdings in SPDR Gold MiniShares Trust were worth $487,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. AQR Capital Management LLC boosted its holdings in shares of SPDR Gold MiniShares Trust by 90.6% in the 1st quarter. AQR Capital Management LLC now owns 24,046 shares of the company’s stock valued at $1,488,000 after buying an additional 11,428 shares in the last quarter. Walleye Capital LLC bought a new position in shares of SPDR Gold MiniShares Trust during the 2nd quarter worth approximately $210,000. Jump Financial LLC raised its stake in shares of SPDR Gold MiniShares Trust by 1.3% during the 2nd quarter. Jump Financial LLC now owns 42,431 shares of the company’s stock worth $2,780,000 after acquiring an additional 530 shares in the last quarter. State Street Corp lifted its position in SPDR Gold MiniShares Trust by 0.3% during the second quarter. State Street Corp now owns 2,695,268 shares of the company’s stock valued at $176,594,000 after acquiring an additional 8,380 shares during the last quarter. Finally, NewEdge Advisors LLC lifted its position in SPDR Gold MiniShares Trust by 82.1% during the second quarter. NewEdge Advisors LLC now owns 152,610 shares of the company’s stock valued at $9,999,000 after acquiring an additional 68,786 shares during the last quarter.

More SPDR Gold MiniShares Trust News

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

• Positive Sentiment: Analysts increasingly view gold near $4,000 per ounce as an attractive value area, suggesting downside support for GLDM despite the Federal Reserve’s tightening bias. Gold has value at $4,000 as investors look beyond Fed hawkishness
• Positive Sentiment: The World Gold Council reported stronger central-bank gold buying in the second quarter, while resilient Asian demand supports the longer-term precious-metals outlook. World Gold Council Reports Strong Central Bank Buying
• Neutral Sentiment: Gold remains range-bound, broadly trading between $4,000 and $4,200, as investors await clearer signals on interest rates and Middle East developments. Resistance near $4,200 is limiting near-term upside. Gold Weekly Price Analysis
• Negative Sentiment: The 30-year Treasury yield tested levels last seen in 2007, increasing the opportunity cost of holding non-yielding gold and weighing on GLDM. Gold Pulls Back as Treasury Yields Test New Highs
• Negative Sentiment: Improved U.S. consumer sentiment and easing one-year inflation expectations contributed to gold trading near session lows, while the Fed’s hawkish hold continues to keep rate-cut expectations uncertain. Spot gold near session lows below $4,030

SPDR Gold MiniShares Trust Stock Performance

Shares of GLDM opened at $80.14 on Monday. SPDR Gold MiniShares Trust has a twelve month low of $65.13 and a twelve month high of $109.74. The company has a 50 day moving average of $82.77 and a two-hundred day moving average of $91.04.

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.