SPDR Gold MiniShares Trust $GLDM Shares Sold by Theory Financial LLC

Theory Financial LLC lessened its holdings in shares of SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 65.2% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 6,904 shares of the company’s stock after selling 12,949 shares during the quarter. Theory Financial LLC’s holdings in SPDR Gold MiniShares Trust were worth $640,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. IMC Chicago LLC acquired a new stake in shares of SPDR Gold MiniShares Trust during the first quarter worth $7,842,000. Collaborative Wealth Managment Inc. increased its stake in SPDR Gold MiniShares Trust by 18.5% in the first quarter. Collaborative Wealth Managment Inc. now owns 38,379 shares of the company’s stock valued at $3,557,000 after purchasing an additional 5,981 shares during the last quarter. Sigma Planning Corp lifted its position in SPDR Gold MiniShares Trust by 96.0% during the first quarter. Sigma Planning Corp now owns 19,363 shares of the company’s stock worth $1,795,000 after buying an additional 9,486 shares during the period. Nwam LLC lifted its position in SPDR Gold MiniShares Trust by 7.4% during the first quarter. Nwam LLC now owns 15,883 shares of the company’s stock worth $1,472,000 after buying an additional 1,092 shares during the period. Finally, AMG National Trust Bank lifted its position in SPDR Gold MiniShares Trust by 7.4% during the first quarter. AMG National Trust Bank now owns 64,085 shares of the company’s stock worth $5,940,000 after buying an additional 4,402 shares during the period.

More SPDR Gold MiniShares Trust News

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

• Positive Sentiment: Gold benefited from softer U.S. consumer and producer inflation data, which pressured yields and the dollar and improved the outlook for non-yielding assets like gold. Gold edges higher, silver slips as oil keeps inflation risk alive – Kitco PM Report
• Positive Sentiment: Geopolitical and oil-market risks are keeping inflation concerns alive, which can support safe-haven demand for gold. Gold steadies above $4,000 as PPI cools, yields rise – Kitco AM Report
• Positive Sentiment: Several strategists said central bank buying and policy uncertainty remain supportive for gold, even as the metal consolidates below resistance. Gold (XAUUSD) & Silver Price Forecast: Is $4,000 Gold’s Next Bounce or Breakdown?
• Neutral Sentiment: Gold is still facing resistance around the $4,100 area, suggesting the recent rebound may need stronger momentum to extend further. Gold holds firm above $4,000 as investors look beyond inflation fears – Saxo’s Hansen
• Neutral Sentiment: Technical commentary remains mixed, with some forecasts warning that gold is still trapped below resistance while others see signs of a possible reversal. Gold (XAU/USD) Price Forecast: Can Gold Break Out Above Key Resistance?
• Negative Sentiment: Higher Treasury yields at times continue to cap gold’s upside, which can weigh on GLDM if rates keep climbing. Gold Flat Amid Rising Oil Prices

SPDR Gold MiniShares Trust Price Performance

Shares of NYSEARCA:GLDM opened at $80.24 on Thursday. The stock’s 50-day moving average price is $85.45 and its two-hundred day moving average price is $91.67. SPDR Gold MiniShares Trust has a 12-month low of $64.71 and a 12-month high of $109.74.

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.