SPDR Gold MiniShares Trust $GLDM Shares Sold by Gradient Investments LLC

Gradient Investments LLC reduced its position in shares of SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 6.8% during the second quarter, HoldingsChannel reports. The firm owned 1,517,719 shares of the company’s stock after selling 110,542 shares during the quarter. SPDR Gold MiniShares Trust comprises about 1.7% of Gradient Investments LLC’s holdings, making the stock its 9th largest holding. Gradient Investments LLC’s holdings in SPDR Gold MiniShares Trust were worth $120,537,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in SPDR Gold MiniShares Trust during the 2nd quarter valued at $55,000. First Heartland Consultants Inc. increased its stake in SPDR Gold MiniShares Trust by 93.5% during the 2nd quarter. First Heartland Consultants Inc. now owns 15,587 shares of the company’s stock worth $1,238,000 after buying an additional 7,532 shares during the period. LifeGoal Investments LLC lifted its holdings in SPDR Gold MiniShares Trust by 9.2% in the 2nd quarter. LifeGoal Investments LLC now owns 27,323 shares of the company’s stock worth $2,170,000 after buying an additional 2,312 shares in the last quarter. Clark Asset Management LLC lifted its holdings in SPDR Gold MiniShares Trust by 89.0% in the 2nd quarter. Clark Asset Management LLC now owns 27,120 shares of the company’s stock worth $2,154,000 after buying an additional 12,770 shares in the last quarter. Finally, Fermata Advisors LLC lifted its holdings in SPDR Gold MiniShares Trust by 202.3% in the 2nd quarter. Fermata Advisors LLC now owns 7,581 shares of the company’s stock worth $602,000 after buying an additional 5,073 shares in the last quarter.

SPDR Gold MiniShares Trust Price Performance

NYSEARCA:GLDM opened at $85.95 on Friday. The firm has a 50-day moving average of $82.16 and a two-hundred day moving average of $90.75. SPDR Gold MiniShares Trust has a 1-year low of $65.64 and a 1-year high of $109.74.

Trending Headlines about SPDR Gold MiniShares Trust

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

• Positive Sentiment: A weak U.S. jobs report showing a loss of 23,000 positions in July increased expectations that the Federal Reserve may adopt a more dovish stance. Lower rate expectations, Treasury yields and the dollar generally support non-yielding gold. Gold prices surging higher as U.S. economy loses 23k jobs in July
• Positive Sentiment: Gold broke above a prolonged consolidation range after repeatedly testing support near $4,000 an ounce. Technical analysts see potential for additional gains toward major resistance around $4,382-$4,392 and possibly $4,494. Gold (XAU/USD) Price Forecast: Breakout Builds Toward Key Resistance
• Positive Sentiment: Central-bank demand remains supportive: the People’s Bank of China made its largest monthly gold purchase since 2023 and has now bought bullion for 21 consecutive months. Gold-backed ETFs also recorded net inflows in July after two months of withdrawals. PBOC boosts gold buying with largest monthly purchase since 2023
• Positive Sentiment: Investors are increasing bullish exposure, with traders reportedly spending about $180 million on gold call options. Analysts at BNP Paribas also see room for gold to reach $5,000 if pressure on the Fed contributes to further dollar weakness. Gold bugs spend $180 million betting all’s clear for metal as bond yields stall

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.