Copley Financial Group Inc. Trims Stock Holdings in SPDR Gold MiniShares Trust $GLDM

Copley Financial Group Inc. reduced its stake in shares of SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 46.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm 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 portfolio, making the stock its 7th biggest position. Copley Financial Group Inc.’s holdings in SPDR Gold MiniShares Trust were worth $7,061,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Continuum Wealth Advisors LLC grew its holdings in shares of SPDR Gold MiniShares Trust by 13.1% in the 4th quarter. Continuum Wealth Advisors LLC now owns 277,224 shares of the company’s stock valued at $23,667,000 after buying an additional 32,009 shares during the period. WCG Wealth Advisors LLC lifted its holdings in SPDR Gold MiniShares Trust by 59.4% during the fourth quarter. WCG Wealth Advisors LLC now owns 27,437 shares of the company’s stock worth $2,342,000 after acquiring an additional 10,220 shares in the last quarter. Verde Servicos Internacionais S.A. lifted its holdings in SPDR Gold MiniShares Trust by 62.5% during the first quarter. Verde Servicos Internacionais S.A. now owns 595,207 shares of the company’s stock worth $55,170,000 after acquiring an additional 228,870 shares in the last quarter. Money Concepts Capital Corp acquired a new position in SPDR Gold MiniShares Trust in the fourth quarter valued at about $6,825,000. Finally, Daiwa Securities Group Inc. increased its holdings in shares of SPDR Gold MiniShares Trust by 2,280.2% in the fourth quarter. Daiwa Securities Group Inc. now owns 46,367 shares of the company’s stock worth $3,958,000 after acquiring an additional 44,419 shares in the last quarter.

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 Trading Up 1.9%

NYSEARCA:GLDM opened at $88.52 on Friday. SPDR Gold MiniShares Trust has a fifty-two week low of $69.98 and a fifty-two week high of $109.74. The business’s 50-day simple moving average is $83.74 and its 200-day simple moving average is $89.38.

About SPDR Gold MiniShares Trust

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.