Great Valley Advisor Group Inc. Lowers Stake in SPDR Gold MiniShares Trust $GLDM

Great Valley Advisor Group Inc. reduced its stake in shares of SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 9.5% during the 4th quarter, Holdings Channel.com reports. The firm owned 805,363 shares of the company’s stock after selling 84,351 shares during the quarter. SPDR Gold MiniShares Trust comprises approximately 1.3% of Great Valley Advisor Group Inc.’s holdings, making the stock its 11th biggest position. Great Valley Advisor Group Inc.’s holdings in SPDR Gold MiniShares Trust were worth $68,753,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. AQR Capital Management LLC grew its position in shares of SPDR Gold MiniShares Trust by 90.6% during the 1st quarter. AQR Capital Management LLC now owns 24,046 shares of the company’s stock valued at $1,488,000 after acquiring an additional 11,428 shares during the period. Walleye Capital LLC acquired a new stake in SPDR Gold MiniShares Trust during the second quarter worth $210,000. Jump Financial LLC raised its position in SPDR Gold MiniShares Trust by 1.3% in the second quarter. Jump Financial LLC now owns 42,431 shares of the company’s stock valued at $2,780,000 after purchasing an additional 530 shares during the period. State Street Corp raised its position in 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 valued at $176,594,000 after purchasing an additional 8,380 shares during the period. Finally, NewEdge Advisors LLC raised its position in SPDR Gold MiniShares Trust by 82.1% in the second quarter. NewEdge Advisors LLC now owns 152,610 shares of the company’s stock valued at $9,999,000 after purchasing an additional 68,786 shares during the period.

Key Headlines Impacting SPDR Gold MiniShares Trust

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

• Positive Sentiment: Some traders see gold nearing major long-term support around $4,000 an ounce, with a possible technical rebound if buyers defend that level. Gold (XAU/USD) Price Forecast: Undercut Setup Signals Potential Bottom
• Positive Sentiment: Analysts said gold’s long-term bull market may still be intact despite the recent selloff, arguing that a drop below $4,000 would not necessarily break the broader trend. Don’t fear a drop below $4,000, gold’s bull market isnt broken
• Positive Sentiment: Gold is showing signs of a rebound attempt after the recent sharp selloff, with dip-buyers also appearing in silver and platinum. Gold, Silver, Platinum Forecasts – Gold Attempts To Rebound After Strong Sell-Off
• Neutral Sentiment: Gold is extremely volatile near critical support, with traders watching whether $4,000 holds or breaks, which could determine the next major move. Precious metals traders prepare to defend $4,000 gold
• Neutral Sentiment: Some market commentary says gold may be forming a short-term bottom after testing major support, though downside risk remains if that level fails. Gold (XAU/USD) Price Forecast: Undercut Setup Signals Potential Bottom
• Negative Sentiment: Hot U.S. CPI and PPI reports reinforced expectations that the Fed may keep rates higher for longer, pushing the dollar and yields up and weighing on gold. Gold slumps to 6-month low even as inflation fears rise
• Negative Sentiment: Technical damage has deepened after gold broke below key moving averages and support levels, raising the risk of further downside if buyers do not step in soon. Gold (XAU/USD) Price Forecast: Bearish Breakdown Signals Trend Shift Risk

SPDR Gold MiniShares Trust Price Performance

Shares of NYSEARCA GLDM opened at $83.23 on Friday. SPDR Gold MiniShares Trust has a 52-week low of $64.46 and a 52-week high of $109.74. The business’s 50 day moving average is $91.06 and its two-hundred day moving average is $92.18.

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.