LightSquare Wealth Management LLC Makes New Investment in SPDR Gold MiniShares Trust $GLDM

LightSquare Wealth Management LLC acquired a new position in shares of SPDR Gold MiniShares Trust (NYSEARCA:GLDM) in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 27,460 shares of the company’s stock, valued at approximately $2,257,000. SPDR Gold MiniShares Trust comprises about 1.5% of LightSquare Wealth Management LLC’s holdings, making the stock its 21st largest position.

Other large investors have also made changes to their positions in the company. Traynor Capital Management Inc. grew its position in SPDR Gold MiniShares Trust by 6.0% during the third quarter. Traynor Capital Management Inc. now owns 2,841 shares of the company’s stock valued at $233,000 after acquiring an additional 161 shares during the period. Beacon Financial Advisory LLC increased its stake in SPDR Gold MiniShares Trust by 3.6% during the second quarter. Beacon Financial Advisory LLC now owns 4,658 shares of the company’s stock worth $370,000 after acquiring an additional 163 shares during the last quarter. Cassilly Financial Group LLC increased its stake in SPDR Gold MiniShares Trust by 2.7% during 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 during the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of SPDR Gold MiniShares Trust by 288.4% in the 1st quarter. PNC Financial Services Group Inc. now owns 268 shares of the company’s stock worth $25,000 after purchasing an additional 199 shares during the period. Finally, Carnegie Investment Counsel raised its holdings in shares of SPDR Gold MiniShares Trust by 6.0% in the 1st quarter. Carnegie Investment Counsel now owns 3,550 shares of the company’s stock worth $329,000 after purchasing an additional 200 shares during the period.

Key Headlines 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 Performance

Shares of SPDR Gold MiniShares Trust stock traded down $0.65 during trading hours on Friday, reaching $80.41. The stock had a trading volume of 4,528,731 shares, 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 firm has a 50 day simple moving average of $83.07 and a two-hundred day simple moving average 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.