Ameritas Advisory Services LLC Trims Stock Position in SPDR Gold MiniShares Trust $GLDM

Ameritas Advisory Services LLC cut its holdings in shares of SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 42.0% during the fourth quarter, Holdings Channel.com reports. The fund owned 73,518 shares of the company’s stock after selling 53,173 shares during the period. Ameritas Advisory Services LLC’s holdings in SPDR Gold MiniShares Trust were worth $6,276,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Accredited Wealth Management LLC lifted its stake in SPDR Gold MiniShares Trust by 174.4% in the 3rd quarter. Accredited Wealth Management LLC now owns 343 shares of the company’s stock worth $26,000 after purchasing an additional 218 shares in the last quarter. Networth Advisors LLC acquired a new position in shares of SPDR Gold MiniShares Trust during the fourth quarter worth $33,000. Gould Capital LLC boosted its stake in SPDR Gold MiniShares Trust by 377.8% in the third quarter. Gould Capital LLC now owns 516 shares of the company’s stock valued at $39,000 after acquiring an additional 408 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of SPDR Gold MiniShares Trust by 34.6% in the third quarter. EverSource Wealth Advisors LLC now owns 564 shares of the company’s stock valued at $43,000 after buying an additional 145 shares during the last quarter. Finally, Bogart Wealth LLC raised its holdings in shares of SPDR Gold MiniShares Trust by 684.3% in the fourth quarter. Bogart Wealth LLC now owns 651 shares of the company’s stock valued at $56,000 after buying an additional 568 shares during the last quarter.

SPDR Gold MiniShares Trust News Roundup

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

• Positive Sentiment: Longer-term bullish commentary remains supportive, with some analysts arguing that inflation, heavy U.S. debt, and central-bank buying could keep gold attractive over time. Gold will navigate near-term headwinds to reach $5,000/oz by year-end – ING’s Manthey
• Positive Sentiment: Gold ETF inflows and persistent investor demand suggest underlying support for the metal despite near-term volatility. Global gold ETFs see fresh inflows despite rising inflation risks
• Neutral Sentiment: Gold is testing key technical support and resistance levels, so traders are watching for a breakout or a renewed pullback rather than a clear trend change. Gold (XAU/USD) Price Forecast: Resistance Zone Tests Market Direction
• Negative Sentiment: Hot CPI data and rising Treasury yields strengthened the dollar and pressured precious metals, which is the main near-term headwind for GLDM. Gold News: Gold Price Retreats as Hot CPI Strengthens Dollar and Yields
• Negative Sentiment: Additional coverage pointed to gold falling as CPI, oil, and a stronger dollar increased rate-hike fears and reduced safe-haven demand. Gold, silver fall as CPI, oil and dollar pressure metals – Kitco AM Report

SPDR Gold MiniShares Trust Stock Down 0.4%

Shares of SPDR Gold MiniShares Trust stock opened at $93.32 on Wednesday. The company has a 50-day moving average of $94.51 and a two-hundred day moving average of $90.93. SPDR Gold MiniShares Trust has a 12-month low of $62.70 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.