SPDR Gold MiniShares Trust $GLDM Shares Sold by Shira Ridge Wealth Management

Shira Ridge Wealth Management reduced its stake in shares of SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 31.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,379 shares of the company’s stock after selling 11,951 shares during the quarter. SPDR Gold MiniShares Trust comprises approximately 0.7% of Shira Ridge Wealth Management’s holdings, making the stock its 24th largest position. Shira Ridge Wealth Management’s holdings in SPDR Gold MiniShares Trust were worth $2,095,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Wells Fargo & Company MN boosted its holdings in shares of SPDR Gold MiniShares Trust by 54.3% during the fourth quarter. Wells Fargo & Company MN now owns 7,913,715 shares of the company’s stock valued at $675,594,000 after acquiring an additional 2,785,608 shares during the period. Morgan Stanley increased its holdings in shares of SPDR Gold MiniShares Trust by 22.6% in the 4th quarter. Morgan Stanley now owns 10,562,081 shares of the company’s stock worth $901,685,000 after acquiring an additional 1,943,672 shares during the period. Bank of America Corp DE lifted its position 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 during the last quarter. Public Employees Retirement System of Ohio lifted its position in SPDR Gold MiniShares Trust by 2,167.0% in the 1st quarter. Public Employees Retirement System of Ohio now owns 1,516,600 shares of the company’s stock valued at $140,574,000 after purchasing an additional 1,449,700 shares during the last quarter. Finally, Regents of The University of California acquired a new position in SPDR Gold MiniShares Trust during the 1st quarter valued at about $133,351,000.

More SPDR Gold MiniShares Trust News

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 Stock Performance

NYSEARCA GLDM opened at $85.95 on Monday. SPDR Gold MiniShares Trust has a 52 week low of $65.64 and a 52 week high of $109.74. The company has a 50-day moving average price of $82.16 and a two-hundred day moving average price of $90.75.

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.