Principal Financial Group Inc. Has $187.12 Million Position in SPDR Gold MiniShares Trust $GLDM

Principal Financial Group Inc. reduced its stake in SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 13.7% during the fourth quarter, HoldingsChannel reports. The firm owned 2,191,901 shares of the company’s stock after selling 348,065 shares during the quarter. Principal Financial Group Inc.’s holdings in SPDR Gold MiniShares Trust were worth $187,123,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. KPP Advisory Services LLC boosted its position in SPDR Gold MiniShares Trust by 121.8% during the 4th quarter. KPP Advisory Services LLC now owns 94,388 shares of the company’s stock worth $8,058,000 after buying an additional 51,840 shares during the period. B.O.S.S. Retirement Advisors LLC boosted its position in SPDR Gold MiniShares Trust by 266.1% during the 4th quarter. B.O.S.S. Retirement Advisors LLC now owns 22,389 shares of the company’s stock worth $1,911,000 after buying an additional 16,274 shares during the period. Souders Financial Advisors acquired a new stake in SPDR Gold MiniShares Trust during the 4th quarter worth approximately $513,000. Wells Financial Advisors INC boosted its position in SPDR Gold MiniShares Trust by 392.5% during the 4th quarter. Wells Financial Advisors INC now owns 985 shares of the company’s stock worth $84,000 after buying an additional 785 shares during the period. Finally, Mutual Advisors LLC boosted its position in SPDR Gold MiniShares Trust by 8.5% during the 4th quarter. Mutual Advisors LLC now owns 42,245 shares of the company’s stock worth $3,606,000 after buying an additional 3,317 shares during the period.

Key SPDR Gold MiniShares Trust News

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

• Positive Sentiment: Weaker U.S. labor and activity data eased rate‑hike expectations and prompted renewed safe‑haven buying, supporting gold and GLDM. Gold prices see some renewed buying as U.S job openings falls to 6.87 million
• Positive Sentiment: ISM services PMI softened and other mixed housing data reduced growth momentum, which tends to favor gold over risk assets. Gold at session highs after ISM Services PMI falls to 53.6 in April as industries brace
• Positive Sentiment: Treasury yields pulled back intraday, reducing the opportunity cost of holding gold and helping bullion‑linked ETFs like GLDM. Gold (XAUUSD), Silver, Platinum Forecasts – Gold Moves Higher As Treasury Yields Pull Back
• Positive Sentiment: Ongoing central‑bank buying (notably Asia) continues to provide foundational demand for gold, supporting GLDM over the medium term. Gold (XAUUSD) & Silver Price Forecast: Truce Eases Tensions — Will $4500 Hold or Collapse?
• Neutral Sentiment: Analysts and strategists see buying opportunities at lower levels (recommendations to build modest allocations), which may support flows into GLDM but is a longer‑term factor. Gold price is attractive now, so don’t wait to build a 3% to 8% position – NDR’s LaForge
• Neutral Sentiment: Technical commentary points to stabilization/short‑term recovery after recent declines; that supports tactical interest in GLDM but leaves downside risk if key levels fail. Gold Steady Amid Likely Technical Recovery
• Negative Sentiment: A conditional U.S.–Iran truce and pauses in escalatory actions have at times reduced immediate Hormuz disruption fears, which can lessen safe‑haven demand and pressure gold. Gold (XAUUSD) & Silver Price Forecast: Truce Eases Tensions — Will $4500 Hold or Collapse?
• Negative Sentiment: Periods of stronger U.S. data, higher oil prices and firmer yields have recently pressured metals; a sustained rise in yields would be negative for GLDM. Gold and oil have been two of the hottest trades of the past one year. One of them has to break

SPDR Gold MiniShares Trust Trading Up 0.8%

NYSEARCA:GLDM opened at $90.13 on Wednesday. The firm’s 50 day simple moving average is $95.47 and its 200 day simple moving average is $90.59. SPDR Gold MiniShares Trust has a one year low of $62.70 and a one year high of $109.74.

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.