Wilkerson Advisory Group LLC Sells 8,270 Shares of SPDR Gold MiniShares Trust $GLDM

Wilkerson Advisory Group LLC lowered its holdings in shares of SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 8.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 92,824 shares of the company’s stock after selling 8,270 shares during the period. SPDR Gold MiniShares Trust comprises 3.0% of Wilkerson Advisory Group LLC’s portfolio, making the stock its 11th largest holding. Wilkerson Advisory Group LLC’s holdings in SPDR Gold MiniShares Trust were worth $8,604,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of GLDM. China Universal Asset Management Co. Ltd. lifted its position in SPDR Gold MiniShares Trust by 9.0% during the 4th quarter. China Universal Asset Management Co. Ltd. now owns 206,200 shares of the company’s stock worth $17,603,000 after buying an additional 17,000 shares in the last quarter. Farther Finance Advisors LLC increased its position in SPDR Gold MiniShares Trust by 17.4% in the 4th quarter. Farther Finance Advisors LLC now owns 635,706 shares of the company’s stock valued at $54,270,000 after acquiring an additional 94,239 shares in the last quarter. AE Wealth Management LLC increased its position in SPDR Gold MiniShares Trust by 37.0% in the 4th quarter. AE Wealth Management LLC now owns 330,650 shares of the company’s stock valued at $28,228,000 after acquiring an additional 89,313 shares in the last quarter. Financial Planning Hawaii Inc. bought a new position in shares of SPDR Gold MiniShares Trust in the fourth quarter worth about $2,816,000. Finally, Forbes Financial Planning Inc. bought a new position in shares of SPDR Gold MiniShares Trust in the fourth quarter worth about $4,302,000.

SPDR Gold MiniShares Trust News Roundup

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

• Positive Sentiment: Gold is being supported by continued physical demand, especially in China, along with central bank buying, which could help stabilize prices. Gold Edges Higher; Physical Demand Continues to Support
• Positive Sentiment: Sprott’s Paul Wong said gold looks “massively oversold” and could form a cyclical bottom before September, with the debasement trade still intact as a longer-term bullish theme. Gold is oversold, the debasement trade is still on, and the pressure is building – Sprott’s Paul Wong
• Positive Sentiment: Geopolitical risk and Middle East tensions are still seen as a source of safe-haven demand for gold, even as rate pressures dominate near term. Gold (XAUUSD) & Silver Price Forecast: Middle East Risks Support Gold Is a Breakout Coming?
• Neutral Sentiment: Gold is consolidating as traders weigh whether rising oil prices will lift inflation and change the Federal Reserve outlook, leaving the next move uncertain. Gold (XAUUSD) Price Forecast: Gold Consolidates as Oil Clouds Fed Outlook
• Negative Sentiment: Multiple market updates said higher Treasury yields, a stronger dollar, and higher-for-longer Fed expectations are pressuring gold, which is the biggest near-term headwind for GLDM. Gold (XAUUSD), Silver, Platinum Forecasts – Gold Remains Stuck Near $4000 As Treasury Yields Rise
• Negative Sentiment: Analysts also warned that interest rates remain the key driver for precious metals, with gold facing downside risk despite Middle East escalation. Despite Middle East escalation, interest rates remain the key price driver for gold and silver – StoneX
• Negative Sentiment: Late-Sunday and Monday updates also described gold and silver as facing bearish momentum near support as rate expectations and oil-related inflation concerns weighed on sentiment. Gold Falls Amid Higher-For-Longer Interest-Rate Expectations

SPDR Gold MiniShares Trust Trading Down 0.2%

Shares of GLDM stock opened at $79.27 on Tuesday. SPDR Gold MiniShares Trust has a 1 year low of $64.71 and a 1 year high of $109.74. The firm’s 50 day moving average is $84.60 and its 200-day moving average is $91.50.

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.