16,775 Shares in SPDR Gold MiniShares Trust $GLDM Bought by Entrust Financial LLC

Entrust Financial LLC bought a new position in shares of SPDR Gold MiniShares Trust (NYSEARCA:GLDM) in the 4th quarter, Holdings Channel.com reports. The institutional investor bought 16,775 shares of the company’s stock, valued at approximately $1,432,000. SPDR Gold MiniShares Trust accounts for about 1.1% of Entrust Financial LLC’s portfolio, making the stock its 15th largest holding.

Several other large investors have also added to or reduced their stakes in the business. AQR Capital Management LLC raised its holdings in SPDR Gold MiniShares Trust by 90.6% during the first quarter. AQR Capital Management LLC now owns 24,046 shares of the company’s stock worth $1,488,000 after acquiring an additional 11,428 shares in the last quarter. Walleye Capital LLC bought a new stake in SPDR Gold MiniShares Trust during the second quarter worth about $210,000. Jump Financial LLC raised its holdings in SPDR Gold MiniShares Trust by 1.3% during the second quarter. Jump Financial LLC now owns 42,431 shares of the company’s stock worth $2,780,000 after acquiring an additional 530 shares in the last quarter. State Street Corp raised its holdings in SPDR Gold MiniShares Trust by 0.3% during the second quarter. State Street Corp now owns 2,695,268 shares of the company’s stock worth $176,594,000 after acquiring an additional 8,380 shares in the last quarter. Finally, NewEdge Advisors LLC raised its holdings in SPDR Gold MiniShares Trust by 82.1% during the second quarter. NewEdge Advisors LLC now owns 152,610 shares of the company’s stock worth $9,999,000 after acquiring an additional 68,786 shares in the last quarter.

More SPDR Gold MiniShares Trust News

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

• Negative Sentiment: Gold futures and spot prices fell as the dollar strengthened and Treasury yields climbed, reducing demand for non-yielding assets such as gold. Gold breaks below $4600 as dollar, yields overpower haven demand – Kitco AM Report
• Negative Sentiment: Gold triggered a bearish technical breakdown below short-term support, raising the risk of a deeper correction toward major support levels. Gold (XAU/USD) Price Forecast: Bearish Breakdown Targets Major Support
• Negative Sentiment: Hot U.S. inflation data, higher oil prices, and geopolitical concerns increased inflation and rate fears, adding to pressure on gold and silver. Gold and silver slammed as Iran war fuels inflation and rate hike fears
• Negative Sentiment: Wall Street strategists see further downside in gold near term as yields and dollar strength continue to dominate sentiment, though some traders still view $4,500 as support. Wall Street sees gold dropping further as yields and the dollar strengthen, Main Street maintains bullish bias as $4,500 emerges as critical support
• Neutral Sentiment: Some longer-term commentary remains constructive on gold, citing central bank buying and ongoing demand from investors outside the U.S., which could help limit downside over time. Gold ETF Demand Has Cooled in the US, but Not Elsewhere

SPDR Gold MiniShares Trust Stock Performance

GLDM opened at $89.98 on Monday. SPDR Gold MiniShares Trust has a 52-week low of $62.70 and a 52-week high of $109.74. The business’s 50-day simple moving average is $93.84 and its 200 day simple moving average is $91.16.

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.