Apollon Wealth Management LLC Sells 6,366 Shares of SPDR Gold MiniShares Trust $GLDM

Apollon Wealth Management LLC reduced its holdings in shares of SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 27.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 16,926 shares of the company’s stock after selling 6,366 shares during the quarter. Apollon Wealth Management LLC’s holdings in SPDR Gold MiniShares Trust were worth $1,569,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Godfrey Financial Associates Inc. bought a new position in shares of SPDR Gold MiniShares Trust during the 4th quarter worth $26,000. HHM Wealth Advisors LLC increased its holdings in shares of SPDR Gold MiniShares Trust by 236.7% in the first quarter. HHM Wealth Advisors LLC now owns 303 shares of the company’s stock worth $28,000 after purchasing an additional 213 shares during the period. Root Financial Partners LLC increased its stake in SPDR Gold MiniShares Trust by 548.2% in the 4th quarter. Root Financial Partners LLC now owns 363 shares of the company’s stock worth $31,000 after acquiring an additional 307 shares during the last quarter. Networth Advisors LLC purchased a new stake in SPDR Gold MiniShares Trust in the fourth quarter valued at approximately $33,000. Finally, Gould Capital LLC raised its position in shares of SPDR Gold MiniShares Trust by 377.8% during the 3rd quarter. Gould Capital LLC now owns 516 shares of the company’s stock valued at $39,000 after buying an additional 408 shares in the last quarter.

Key SPDR Gold MiniShares Trust News

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

• Positive Sentiment: Gold rebounded after weaker-than-expected ADP payroll data and softer U.S. manufacturing readings, which pushed traders toward the metal ahead of Friday’s jobs report. Gold trades near session highs after ADP says net 98K jobs were added in June
• Positive Sentiment: Several outlook pieces argued that central-bank buying and long-term investor demand still support gold, with some analysts saying the recent selloff may be a buying opportunity rather than a broken long-term thesis. These are the key factors that could restart the gold rally this year, or drive prices even lower – World Gold Council H2 Outlook
• Positive Sentiment: Gold found support near the $4,000 area and briefly bounced from short-term technical levels, suggesting the market may be stabilizing after the recent decline. Gold (XAU/USD) Price Forecast: Bullish Hammer Signals Potential Bottom
• Neutral Sentiment: ETF-focused commentary noted GLD’s higher expense ratio versus cheaper rivals, which is a reminder that costs can weigh on long-term returns, though this is not a direct catalyst for GLDM today. GLD’s 0.40% Fee Quietly Costs You $40 Per Year on Every $10,000 While Cheaper Rivals Charge Half
• Negative Sentiment: Gold also faced pressure from a firmer U.S. dollar, higher Treasury yields, and worries that the Federal Reserve may stay hawkish longer, all of which can reduce demand for non-yielding bullion. Gold prices fall further after worst quarter in 13 years as interest rate fears hit bullion
• Negative Sentiment: Several market reports said gold remains in a bearish consolidation phase after a steep quarterly drop, showing that the broader trend is still fragile despite the rebound attempts. Gold Holds Steady in Bearish Consolidation Zone

SPDR Gold MiniShares Trust Stock Up 0.6%

Shares of GLDM stock opened at $79.92 on Thursday. SPDR Gold MiniShares Trust has a 12-month low of $64.71 and a 12-month high of $109.74. The business has a 50-day moving average price of $87.66 and a two-hundred day moving average price of $92.07.

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.