Principal Financial Group Inc. Sells 348,065 Shares of SPDR Gold MiniShares Trust $GLDM

Principal Financial Group Inc. trimmed its holdings in shares of SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 13.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,191,901 shares of the company’s stock after selling 348,065 shares during the quarter. Principal Financial Group Inc. owned about 0.70% of SPDR Gold MiniShares Trust worth $187,123,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. China Universal Asset Management Co. Ltd. increased its holdings in SPDR Gold MiniShares Trust by 9.0% in the 4th quarter. China Universal Asset Management Co. Ltd. now owns 206,200 shares of the company’s stock valued at $17,603,000 after buying an additional 17,000 shares during the period. Detalus Advisors LLC increased its holdings in SPDR Gold MiniShares Trust by 34.0% in the 3rd quarter. Detalus Advisors LLC now owns 91,003 shares of the company’s stock valued at $6,957,000 after buying an additional 23,109 shares during the period. Ashton Thomas Private Wealth LLC increased its holdings in SPDR Gold MiniShares Trust by 29.1% in the 3rd quarter. Ashton Thomas Private Wealth LLC now owns 36,703 shares of the company’s stock valued at $2,806,000 after buying an additional 8,284 shares during the period. Bangor Savings Bank increased its holdings in SPDR Gold MiniShares Trust by 2.7% in the 3rd quarter. Bangor Savings Bank now owns 436,528 shares of the company’s stock valued at $33,373,000 after buying an additional 11,657 shares during the period. Finally, Clear Harbor Asset Management LLC bought a new position in SPDR Gold MiniShares Trust in the 3rd quarter valued at about $2,863,000.

SPDR Gold MiniShares Trust News Roundup

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

• Positive Sentiment: Weaker U.S. labor and activity data eased rate?hike expectations and prompted renewed safe?haven buying, supporting gold and GLDM. Gold prices see some renewed buying as U.S job openings falls to 6.87 million
• Positive Sentiment: ISM services PMI softened and other mixed housing data reduced growth momentum, which tends to favor gold over risk assets. Gold at session highs after ISM Services PMI falls to 53.6 in April as industries brace
• Positive Sentiment: Treasury yields pulled back intraday, reducing the opportunity cost of holding gold and helping bullion?linked ETFs like GLDM. Gold (XAUUSD), Silver, Platinum Forecasts – Gold Moves Higher As Treasury Yields Pull Back
• Positive Sentiment: Ongoing central?bank buying (notably Asia) continues to provide foundational demand for gold, supporting GLDM over the medium term. Gold (XAUUSD) & Silver Price Forecast: Truce Eases Tensions — Will $4500 Hold or Collapse?
• Neutral Sentiment: Analysts and strategists see buying opportunities at lower levels (recommendations to build modest allocations), which may support flows into GLDM but is a longer?term factor. Gold price is attractive now, so don’t wait to build a 3% to 8% position – NDR’s LaForge
• Neutral Sentiment: Technical commentary points to stabilization/short?term recovery after recent declines; that supports tactical interest in GLDM but leaves downside risk if key levels fail. Gold Steady Amid Likely Technical Recovery
• Negative Sentiment: A conditional U.S.–Iran truce and pauses in escalatory actions have at times reduced immediate Hormuz disruption fears, which can lessen safe?haven demand and pressure gold. Gold (XAUUSD) & Silver Price Forecast: Truce Eases Tensions — Will $4500 Hold or Collapse?
• Negative Sentiment: Periods of stronger U.S. data, higher oil prices and firmer yields have recently pressured metals; a sustained rise in yields would be negative for GLDM. Gold and oil have been two of the hottest trades of the past one year. One of them has to break

SPDR Gold MiniShares Trust Price Performance

GLDM stock opened at $90.13 on Wednesday. SPDR Gold MiniShares Trust has a 12 month low of $62.70 and a 12 month high of $109.74. The company’s 50-day moving average price is $95.47 and its two-hundred day moving average price is $90.59.

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.