SPDR Gold MiniShares Trust $GLDM Holdings Lowered by Financial Enhancement Group LLC

Financial Enhancement Group LLC reduced its stake in SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 28.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 46,283 shares of the company’s stock after selling 18,266 shares during the period. Financial Enhancement Group LLC’s holdings in SPDR Gold MiniShares Trust were worth $4,445,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Verus Capital Partners LLC raised its holdings in SPDR Gold MiniShares Trust by 1.1% during the fourth quarter. Verus Capital Partners LLC now owns 10,046 shares of the company’s stock worth $858,000 after purchasing an additional 111 shares in the last quarter. U.S. Capital Wealth Advisors LLC boosted its stake in SPDR Gold MiniShares Trust by 0.8% during the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 14,147 shares of the company’s stock valued at $1,208,000 after purchasing an additional 112 shares in the last quarter. Absolute Capital Management LLC boosted its stake in SPDR Gold MiniShares Trust by 2.3% during the 4th quarter. Absolute Capital Management LLC now owns 4,956 shares of the company’s stock valued at $423,000 after purchasing an additional 112 shares in the last quarter. One Charles Private Wealth Services LLC increased its position in shares of SPDR Gold MiniShares Trust by 0.5% during the 4th quarter. One Charles Private Wealth Services LLC now owns 25,976 shares of the company’s stock valued at $2,218,000 after purchasing an additional 120 shares during the period. Finally, Waterloo Capital L.P. increased its position in shares of SPDR Gold MiniShares Trust by 0.9% during the 4th quarter. Waterloo Capital L.P. now owns 14,003 shares of the company’s stock valued at $1,195,000 after purchasing an additional 121 shares during the period.

SPDR Gold MiniShares Trust Price Performance

GLDM opened at $78.89 on Thursday. SPDR Gold MiniShares Trust has a one year low of $64.46 and a one year high of $109.74. The stock’s fifty day moving average is $89.22 and its 200-day moving average is $92.20.

More SPDR Gold MiniShares Trust News

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

• Positive Sentiment: Some analysts say the pullback may be creating a more attractive long-term entry point, arguing that gold’s broader bull market could still be intact despite the correction. Article Title
• Positive Sentiment: China’s gold imports hit a 26-month high in May, showing strong physical demand from the world’s largest bullion market. Article Title
• Neutral Sentiment: Several market commentators note that gold has fallen below the $4,000 level and is testing major technical support, with traders watching for either a rebound or a deeper correction. Article Title
• Neutral Sentiment: Some analysts say the current selloff is painful but may still fit within a larger secular bull market rather than signaling a long-term top. Article Title
• Negative Sentiment: Gold has broken below long-term trendline support and key Fibonacci levels, increasing the risk of further downside for bullion-backed funds. Article Title
• Negative Sentiment: Rising U.S. bond yields, dollar strength, and Fed rate-hike expectations have prompted multiple banks to cut gold forecasts, reinforcing bearish sentiment in the near term. Article Title

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.