SPDR Gold MiniShares Trust $GLDM Holdings Decreased by Peak Financial Advisors LLC

Peak Financial Advisors LLC lowered its position in SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 17.6% in the 1st quarter, Holdings Channel reports. The institutional investor owned 165,427 shares of the company’s stock after selling 35,361 shares during the period. SPDR Gold MiniShares Trust comprises approximately 6.8% of Peak Financial Advisors LLC’s investment portfolio, making the stock its 4th largest position. Peak Financial Advisors LLC’s holdings in SPDR Gold MiniShares Trust were worth $15,333,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Accredited Wealth Management LLC grew its holdings in shares of SPDR Gold MiniShares Trust by 174.4% during the 3rd quarter. Accredited Wealth Management LLC now owns 343 shares of the company’s stock valued at $26,000 after purchasing an additional 218 shares during the last quarter. Godfrey Financial Associates Inc. purchased a new stake in SPDR Gold MiniShares Trust during the fourth quarter valued at about $26,000. HHM Wealth Advisors LLC boosted its position in SPDR Gold MiniShares Trust by 236.7% during the first quarter. HHM Wealth Advisors LLC now owns 303 shares of the company’s stock valued at $28,000 after buying an additional 213 shares during the period. Root Financial Partners LLC grew its stake in shares of SPDR Gold MiniShares Trust by 548.2% during the fourth quarter. Root Financial Partners LLC now owns 363 shares of the company’s stock valued at $31,000 after buying an additional 307 shares during the last quarter. Finally, Networth Advisors LLC purchased a new position in shares of SPDR Gold MiniShares Trust in the fourth quarter worth about $33,000.

SPDR Gold MiniShares Trust Price Performance

NYSEARCA GLDM opened at $80.61 on Monday. SPDR Gold MiniShares Trust has a 1-year low of $64.46 and a 1-year high of $109.74. The stock has a 50-day moving average of $88.61 and a 200-day moving average of $92.16.

SPDR Gold MiniShares Trust News Roundup

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

• Positive Sentiment: Gold and other precious metals are getting support from lower Treasury yields and a dollar that has moved away from recent highs, helping gold regain some ground. Gold (XAUUSD), Silver, Platinum Forecasts – Gold Gains Ground As Dollar Moves Away From Yearly Highs
• Positive Sentiment: Gold found buyers near the $4,000 area, with rebound attempts and session highs showing that investors are still treating that level as important support. Gold Price Analysis – Gold Attempting to Bounce from $4000 Region
• Positive Sentiment: Recent U.S. data, including softer inflation expectations and a weaker consumer sentiment reading, has reinforced demand for gold as a hedge and helped the metal trade firmer. Spot gold hits session high near 4080/oz after final Consumer Sentiment rises to 49.5, one-year and long-term inflation expectations ease
• Neutral Sentiment: Some commentary says gold’s longer-term structure remains vulnerable, with technical breakdowns signaling possible further weakness unless gold reclaims key resistance levels. Gold (XAU/USD) Price Forecast: Trendline Break Signals Bearish Extension
• Negative Sentiment: Several reports say gold remains under pressure from a hawkish Fed, resilient U.S. economic data, and a strong dollar, which could keep GLDM weighed down if those conditions persist. Gold (XAUUSD) Price Forecast: Can China Buying Offset Hawkish Fed Pressure?
• Negative Sentiment: Market analysis from late Thursday and Friday argues gold may still have further downside ahead, with bearish forecasts calling for additional declines after the recent selloff. Gold Declines; Prices Could Have Further to Fall

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.