SPDR Gold MiniShares Trust $GLDM Position Reduced by Gradient Investments LLC

Gradient Investments LLC trimmed its holdings in shares of SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 6.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,517,719 shares of the company’s stock after selling 110,542 shares during the period. SPDR Gold MiniShares Trust comprises 1.7% of Gradient Investments LLC’s investment portfolio, making the stock its 9th largest position. Gradient Investments LLC owned 0.44% of SPDR Gold MiniShares Trust worth $120,537,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Sumitomo Mitsui Trust Group Inc. raised its stake in shares of SPDR Gold MiniShares Trust by 1.1% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 18,594,406 shares of the company’s stock valued at $1,723,515,000 after acquiring an additional 206,914 shares during the period. Morgan Stanley lifted its holdings in shares of SPDR Gold MiniShares Trust by 22.6% during the 4th quarter. Morgan Stanley now owns 10,562,081 shares of the company’s stock valued at $901,685,000 after acquiring an additional 1,943,672 shares in the last quarter. Wells Fargo & Company MN boosted its position in SPDR Gold MiniShares Trust by 54.3% during the 4th quarter. Wells Fargo & Company MN now owns 7,913,715 shares of the company’s stock worth $675,594,000 after purchasing an additional 2,785,608 shares during the period. Evoke Wealth LLC boosted its position in SPDR Gold MiniShares Trust by 1.7% during the 4th quarter. Evoke Wealth LLC now owns 7,374,785 shares of the company’s stock worth $629,586,000 after purchasing an additional 123,123 shares during the period. Finally, Bank of America Corp DE increased its holdings in SPDR Gold MiniShares Trust by 28.6% in the 3rd quarter. Bank of America Corp DE now owns 7,367,296 shares of the company’s stock valued at $563,230,000 after purchasing an additional 1,636,398 shares in the last quarter.

SPDR Gold MiniShares Trust Price Performance

NYSEARCA:GLDM opened at $85.95 on Friday. The business’s 50-day moving average is $82.16 and its two-hundred day moving average is $90.75. SPDR Gold MiniShares Trust has a 12 month low of $65.64 and a 12 month high of $109.74.

Trending Headlines about SPDR Gold MiniShares Trust

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

• Positive Sentiment: A weak U.S. jobs report showing a loss of 23,000 positions in July increased expectations that the Federal Reserve may adopt a more dovish stance. Lower rate expectations, Treasury yields and the dollar generally support non-yielding gold. Gold prices surging higher as U.S. economy loses 23k jobs in July
• Positive Sentiment: Gold broke above a prolonged consolidation range after repeatedly testing support near $4,000 an ounce. Technical analysts see potential for additional gains toward major resistance around $4,382-$4,392 and possibly $4,494. Gold (XAU/USD) Price Forecast: Breakout Builds Toward Key Resistance
• Positive Sentiment: Central-bank demand remains supportive: the People’s Bank of China made its largest monthly gold purchase since 2023 and has now bought bullion for 21 consecutive months. Gold-backed ETFs also recorded net inflows in July after two months of withdrawals. PBOC boosts gold buying with largest monthly purchase since 2023
• Positive Sentiment: Investors are increasing bullish exposure, with traders reportedly spending about $180 million on gold call options. Analysts at BNP Paribas also see room for gold to reach $5,000 if pressure on the Fed contributes to further dollar weakness. Gold bugs spend $180 million betting all’s clear for metal as bond yields stall

SPDR Gold MiniShares Trust Profile

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.