SPDR Gold MiniShares Trust $GLDM is Gould Asset Management LLC CA’s 10th Largest Position

Gould Asset Management LLC CA decreased its holdings in shares of SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 13.1% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 170,329 shares of the company’s stock after selling 25,762 shares during the period. SPDR Gold MiniShares Trust accounts for 2.6% of Gould Asset Management LLC CA’s portfolio, making the stock its 10th largest position. Gould Asset Management LLC CA’s holdings in SPDR Gold MiniShares Trust were worth $14,541,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. AQR Capital Management LLC lifted its stake in shares of SPDR Gold MiniShares Trust by 90.6% during the 1st 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 during the last quarter. Walleye Capital LLC bought a new position in SPDR Gold MiniShares Trust in the 2nd quarter valued at $210,000. Jump Financial LLC increased its stake in SPDR Gold MiniShares Trust by 1.3% in the second quarter. Jump Financial LLC now owns 42,431 shares of the company’s stock worth $2,780,000 after purchasing an additional 530 shares during the period. State Street Corp increased its stake in SPDR Gold MiniShares Trust by 0.3% in the second quarter. State Street Corp now owns 2,695,268 shares of the company’s stock worth $176,594,000 after purchasing an additional 8,380 shares during the period. Finally, NewEdge Advisors LLC lifted its position in shares of 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 purchasing an additional 68,786 shares during the last quarter.

SPDR Gold MiniShares Trust Price Performance

Shares of GLDM opened at $85.51 on Tuesday. The firm has a fifty day moving average price of $90.70 and a 200-day moving average price of $92.22. SPDR Gold MiniShares Trust has a 12-month low of $64.46 and a 12-month high of $109.74.

Key Headlines Impacting SPDR Gold MiniShares Trust

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

• Positive Sentiment: Gold prices are rising after the U.S.-Iran ceasefire, as investors continue to seek protection from geopolitical uncertainty and potential inflation risks. Gold Edges Higher, Extending Gains After U.S.-Iran Ceasefire
• Positive Sentiment: Record central-bank buying plans are supporting the gold market, with a World Gold Council survey showing 45% of central banks expect to increase gold holdings, reinforcing long-term demand. Record 45% of central banks plan increase gold holdings, WGC survey finds
• Positive Sentiment: Gold has cleared key resistance levels and is holding near recent highs, helped by falling oil prices and lower Treasury yields, both of which ease inflation concerns and strengthen bullion demand. Gold clears $4,300 as Hormuz deal cuts oil, yield pressure – Kitco PM Report
• Neutral Sentiment: Some analysts say the rally is still being balanced by expectations for a less aggressive Fed response if inflation pressures ease, so the move remains tied to changing rate expectations as much as geopolitics. Gold and silver rally after Iran-U.S. deal, but face headwinds from rate hike expectations – Heraeus

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.