SPDR Gold MiniShares Trust $GLDM Stock Holdings Boosted by Heritage Family Offices LLP

Heritage Family Offices LLP lifted its stake in shares of SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 19.1% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 49,759 shares of the company’s stock after purchasing an additional 7,975 shares during the period. SPDR Gold MiniShares Trust makes up about 1.3% of Heritage Family Offices LLP’s holdings, making the stock its 16th biggest position. Heritage Family Offices LLP’s holdings in SPDR Gold MiniShares Trust were worth $4,089,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Traynor Capital Management Inc. increased its stake in SPDR Gold MiniShares Trust by 6.0% in the 3rd quarter. Traynor Capital Management Inc. now owns 2,841 shares of the company’s stock worth $233,000 after purchasing an additional 161 shares in the last quarter. Beacon Financial Advisory LLC boosted its holdings in shares of SPDR Gold MiniShares Trust by 3.6% in the second quarter. Beacon Financial Advisory LLC now owns 4,658 shares of the company’s stock worth $370,000 after buying an additional 163 shares during the period. Cassilly Financial Group LLC increased its position in shares of SPDR Gold MiniShares Trust by 2.7% in the third quarter. Cassilly Financial Group LLC now owns 6,782 shares of the company’s stock worth $557,000 after acquiring an additional 180 shares in the last quarter. PNC Financial Services Group Inc. increased its position in shares of SPDR Gold MiniShares Trust by 288.4% in the first quarter. PNC Financial Services Group Inc. now owns 268 shares of the company’s stock worth $25,000 after acquiring an additional 199 shares in the last quarter. Finally, Carnegie Investment Counsel increased its position in shares of SPDR Gold MiniShares Trust by 6.0% in the first quarter. Carnegie Investment Counsel now owns 3,550 shares of the company’s stock worth $329,000 after acquiring an additional 200 shares in the last quarter.

Key Stories Impacting SPDR Gold MiniShares Trust

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

• Positive Sentiment: Some analysts see gold’s technical breakout as a possible end to its recent correction. A weaker dollar tied to expectations of increased government spending could also support bullion. Gold breakout forecast Spending plans and the dollar
• Positive Sentiment: Gold recovered some ground after preliminary U.S. consumer sentiment beat expectations and inflation expectations eased, offering support to bullion. Consumer sentiment and gold
• Neutral Sentiment: The outlook remains sensitive to Federal Reserve policy and presidential actions; traders are watching for clues on the Fed’s next decision. Gold, the dollar and policy uncertainty
• Negative Sentiment: October payrolls rose by 165,000, stronger than expected, lifting the dollar and reinforcing concern that interest rates may stay higher. Higher real yields raise the opportunity cost of holding non-yielding gold. Gold retreats after payrolls
• Negative Sentiment: Gold’s recovery is being tested near the $4,000-per-ounce support level. A decisive break below it could bring further downside, while elevated yields remain a headwind. Gold weekly forecast and support levels

SPDR Gold MiniShares Trust Stock Down 0.8%

Shares of GLDM stock traded down $0.65 during trading hours on Friday, reaching $80.41. 4,528,731 shares of the stock traded hands, compared to its average volume of 6,578,117. SPDR Gold MiniShares Trust has a 1-year low of $76.54 and a 1-year high of $109.74. The business has a fifty day moving average price of $83.07 and a 200 day moving average price of $88.72.

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.