SPDR Gold MiniShares Trust $GLDM Shares Sold by J.W. Cole Advisors Inc.

J.W. Cole Advisors Inc. cut its position in shares of SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 44.9% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 9,952 shares of the company’s stock after selling 8,118 shares during the quarter. J.W. Cole Advisors Inc.’s holdings in SPDR Gold MiniShares Trust were worth $785,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently made changes to their positions in the stock. Evoke Wealth LLC raised its holdings in shares of SPDR Gold MiniShares Trust by 1.7% in the fourth quarter. Evoke Wealth LLC now owns 7,374,785 shares of the company’s stock worth $629,586,000 after acquiring an additional 123,123 shares during the last quarter. Bank of America Corp DE raised its holdings in shares of SPDR Gold MiniShares Trust by 28.6% in the third quarter. Bank of America Corp DE now owns 7,367,296 shares of the company’s stock worth $563,230,000 after acquiring an additional 1,636,398 shares during the last quarter. UBS Group AG raised its holdings in shares of SPDR Gold MiniShares Trust by 2.9% in the fourth quarter. UBS Group AG now owns 3,412,428 shares of the company’s stock worth $291,319,000 after acquiring an additional 96,624 shares during the last quarter. State Street Corp raised its holdings in shares of SPDR Gold MiniShares Trust by 0.3% in the second quarter. State Street Corp now owns 2,695,268 shares of the company’s stock worth $176,594,000 after acquiring an additional 8,380 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its holdings in shares of SPDR Gold MiniShares Trust by 9.8% in the third quarter. Ameriprise Financial Inc. now owns 2,667,185 shares of the company’s stock worth $203,919,000 after acquiring an additional 237,644 shares during the last quarter.

Key Headlines Impacting SPDR Gold MiniShares Trust

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

• Neutral Sentiment: Some analysts still see long-term support for gold, citing central bank buying and the possibility that the broader bull market remains intact despite the recent correction.
• Negative Sentiment: Gold has broken below key technical levels, including the 200-day moving average and prior swing lows, signaling more downside risk and weakening near-term momentum. Gold (XAU/USD) Price Forecast: Bearish Breakdown Signals Trend Shift Risk
• Negative Sentiment: Hot U.S. CPI data reinforced expectations that the Federal Reserve may keep rates restrictive for longer, pressuring gold and related ETFs lower. Gold (XAUUSD) Price Forecast: Gold Price Tumbles as Hot CPI Reinforces Fed Rate Hike Path
• Negative Sentiment: Market commentary across multiple outlets says gold is likely to remain weak in the near term, with traders warning the selloff could continue if yields stay elevated and rate-hike odds rise.

SPDR Gold MiniShares Trust Price Performance

NYSEARCA GLDM opened at $80.77 on Thursday. SPDR Gold MiniShares Trust has a fifty-two week low of $64.46 and a fifty-two week high of $109.74. The business has a fifty day moving average of $91.25 and a 200-day moving average of $92.16.

SPDR Gold MiniShares Trust Company 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.