10,349 Shares in SPDR Gold MiniShares Trust $GLDM Purchased by Astra Wealth Partners LLC

Astra Wealth Partners LLC purchased a new position in SPDR Gold MiniShares Trust (NYSEARCA:GLDM) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 10,349 shares of the company’s stock, valued at approximately $850,000.

Other hedge funds have also bought and sold shares of the company. Patrick Mauro Investment Advisor INC. purchased a new stake in shares of SPDR Gold MiniShares Trust during the third quarter worth $1,549,000. Valmark Advisers Inc. grew its position in SPDR Gold MiniShares Trust by 10.1% in the third quarter. Valmark Advisers Inc. now owns 56,125 shares of the company’s stock worth $4,612,000 after acquiring an additional 5,171 shares in the last quarter. Marble Harbor Investment Counsel LLC grew its position in SPDR Gold MiniShares Trust by 10.9% during the third quarter. Marble Harbor Investment Counsel LLC now owns 52,775 shares of the company’s stock valued at $4,337,000 after acquiring an additional 5,175 shares during the last quarter. Fisher Asset Management LLC bought a new position in shares of SPDR Gold MiniShares Trust during the third quarter valued at about $212,000. Finally, Collaborative Wealth Managment Inc. raised its holdings in SPDR Gold MiniShares Trust by 1.2% during the 3rd quarter. Collaborative Wealth Managment Inc. now owns 47,053 shares of the company’s stock valued at $3,867,000 after buying an additional 576 shares during the last quarter.

SPDR Gold MiniShares Trust News Summary

These are some of the GLDM news items that stood out recently:

• Positive Sentiment: Despite cutting its forecasts, Goldman Sachs still sees gold reaching $4,800 an ounce by the end of 2027, suggesting potential longer-term upside for GLDM if that outlook materializes. Goldman Sachs cuts year-end gold price target
• Neutral Sentiment: Gold bounced modestly from a 13-month low as bargain hunters emerged, but the recovery faces resistance and has not established a clear trend reversal. Gold rebounds from 13-month low
• Negative Sentiment: Bearish forecasts cite rising real yields and dollar strength as risks to key support: one analyst sees potential for gold to fall to $3,500, while another warns of a move toward $3,200 if rate hikes intensify. Gold is on the cusp of breaking key support Fed rate hikes could drive gold down

SPDR Gold MiniShares Trust Stock Performance

Shares of GLDM stock opened at $76.70 on Friday. SPDR Gold MiniShares Trust has a 12 month low of $76.18 and a 12 month high of $109.74. The company’s fifty day moving average price is $82.20 and its 200-day moving average price is $88.21.

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.