SPDR Gold MiniShares Trust $GLDM Stock: Kestra Advisory Services LLC Trims Holdings

Kestra Advisory Services LLC trimmed its holdings in SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 14.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 220,730 shares of the company’s stock after selling 38,148 shares during the quarter. Kestra Advisory Services LLC’s holdings in SPDR Gold MiniShares Trust were worth $18,140,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Sumitomo Mitsui Trust Group Inc. increased its position in SPDR Gold MiniShares Trust by 6.9% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 21,444,153 shares of the company’s stock valued at $1,762,280,000 after acquiring an additional 1,386,845 shares during the period. WealthNavi Inc. boosted its position in SPDR Gold MiniShares Trust by 98.4% during the 3rd quarter. WealthNavi Inc. now owns 3,202,560 shares of the company’s stock worth $263,186,000 after acquiring an additional 1,588,202 shares during the period. Rakuten Investment Management Inc. acquired a new position in SPDR Gold MiniShares Trust during the 3rd quarter worth $227,567,000. Public Employees Retirement System of Ohio acquired a new position in SPDR Gold MiniShares Trust during the 2nd quarter worth $157,696,000. Finally, Regents of The University of California bought a new position in shares of SPDR Gold MiniShares Trust in the first quarter worth $133,351,000.

More SPDR Gold MiniShares Trust News

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 Price Performance

NYSEARCA:GLDM opened at $80.41 on Monday. SPDR Gold MiniShares Trust has a 1 year low of $76.54 and a 1 year high of $109.74. The business has a fifty day moving average of $83.07 and a 200-day moving average of $88.72.

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.