SPDR Gold MiniShares Trust $GLDM Shares Purchased by Waverly Advisors LLC

Waverly Advisors LLC raised its holdings in shares of SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 36.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,362 shares of the company’s stock after acquiring an additional 6,764 shares during the period. Waverly Advisors LLC’s holdings in SPDR Gold MiniShares Trust were worth $2,014,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in GLDM. Parkside Financial Bank & Trust grew its stake in shares of SPDR Gold MiniShares Trust by 39.5% in the second quarter. Parkside Financial Bank & Trust now owns 4,059 shares of the company’s stock worth $322,000 after purchasing an additional 1,149 shares in the last quarter. January Capital Advisors LLC lifted its holdings in SPDR Gold MiniShares Trust by 288.4% in the second quarter. January Capital Advisors LLC now owns 159,214 shares of the company’s stock worth $12,645,000 after purchasing an additional 118,217 shares during the period. Washington Trust Advisors Inc. lifted its holdings in SPDR Gold MiniShares Trust by 26.6% in the second quarter. Washington Trust Advisors Inc. now owns 3,733 shares of the company’s stock worth $296,000 after purchasing an additional 785 shares during the period. HB Wealth Management LLC grew its position in SPDR Gold MiniShares Trust by 34.0% in the 2nd quarter. HB Wealth Management LLC now owns 6,644 shares of the company’s stock valued at $528,000 after buying an additional 1,685 shares in the last quarter. Finally, Nvest Financial LLC grew its position in SPDR Gold MiniShares Trust by 13.2% in the 2nd quarter. Nvest Financial LLC now owns 11,825 shares of the company’s stock valued at $939,000 after buying an additional 1,375 shares in the last quarter.

SPDR Gold MiniShares Trust News Roundup

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

• Positive Sentiment: Gold recovered after holding key support near $4,300, helped by a pullback in crude oil and a weaker U.S. dollar. These conditions can support gold and GLDM by reducing pressure from energy-driven inflation and currency strength. Gold price holds $4,300 support as CPI lifts Fed-hike odds
• Positive Sentiment: U.S. consumer sentiment weakened to 47.8 in September while inflation expectations surged. Concern about economic conditions and persistent inflation may increase demand for gold as a defensive asset. Gold price holds near high after preliminary Consumer Sentiment falls
• Positive Sentiment: Analysts said a Federal Reserve rate hike may create near-term volatility but is unlikely to derail gold’s longer-term bullish outlook, supported by sovereign-debt concerns, central-bank positioning and geopolitical risks. The Fed can hike, but it won’t derail gold’s long-term bull market
• Neutral Sentiment: Technical analysts view the market as range-bound. A break above roughly $4,443 could signal another bullish leg, while support around the 200-day moving average remains important for determining the next direction. Gold Price Forecast: $4,443 Breakout Could Signal Next Leg
• Negative Sentiment: Hotter inflation data increased market expectations for a Federal Reserve rate hike next week. Higher interest rates and Treasury yields raise the opportunity cost of holding non-yielding gold, creating pressure for GLDM. Gold, silver prices tumble as hot PPI and oil shock lift yields
• Negative Sentiment: Short interest in GLDM rose 80.3% during August to 6.24 million shares, signaling increased bearish positioning, although the short-interest ratio remains relatively low at about one day of average volume.

SPDR Gold MiniShares Trust Price Performance

SPDR Gold MiniShares Trust stock opened at $86.00 on Friday. SPDR Gold MiniShares Trust has a 52 week low of $71.81 and a 52 week high of $109.74. The company’s 50-day moving average price is $84.50 and its two-hundred day moving average price is $88.93.

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.