KPP Advisory Services LLC Purchases 20,645 Shares of SPDR Gold MiniShares Trust $GLDM

KPP Advisory Services LLC lifted its holdings in shares of SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 21.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 115,033 shares of the company’s stock after buying an additional 20,645 shares during the quarter. SPDR Gold MiniShares Trust comprises approximately 1.5% of KPP Advisory Services LLC’s investment portfolio, making the stock its 16th biggest holding. KPP Advisory Services LLC’s holdings in SPDR Gold MiniShares Trust were worth $10,662,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of GLDM. AQR Capital Management LLC boosted its position in shares of SPDR Gold MiniShares Trust by 90.6% in the 1st quarter. AQR Capital Management LLC now owns 24,046 shares of the company’s stock worth $1,488,000 after purchasing an additional 11,428 shares during the last quarter. Walleye Capital LLC bought a new stake in SPDR Gold MiniShares Trust in the second quarter valued at about $210,000. Jump Financial LLC increased its holdings 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 last quarter. State Street Corp lifted its stake 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 buying an additional 8,380 shares during the period. Finally, NewEdge Advisors LLC lifted its stake 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 buying an additional 68,786 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: Gold rebounded after weaker-than-expected ADP payroll data and softer U.S. manufacturing readings, which pushed traders toward the metal ahead of Friday’s jobs report. Gold trades near session highs after ADP says net 98K jobs were added in June
• Positive Sentiment: Several outlook pieces argued that central-bank buying and long-term investor demand still support gold, with some analysts saying the recent selloff may be a buying opportunity rather than a broken long-term thesis. These are the key factors that could restart the gold rally this year, or drive prices even lower – World Gold Council H2 Outlook
• Positive Sentiment: Gold found support near the $4,000 area and briefly bounced from short-term technical levels, suggesting the market may be stabilizing after the recent decline. Gold (XAU/USD) Price Forecast: Bullish Hammer Signals Potential Bottom
• Neutral Sentiment: ETF-focused commentary noted GLD’s higher expense ratio versus cheaper rivals, which is a reminder that costs can weigh on long-term returns, though this is not a direct catalyst for GLDM today. GLD’s 0.40% Fee Quietly Costs You $40 Per Year on Every $10,000 While Cheaper Rivals Charge Half
• Negative Sentiment: Gold also faced pressure from a firmer U.S. dollar, higher Treasury yields, and worries that the Federal Reserve may stay hawkish longer, all of which can reduce demand for non-yielding bullion. Gold prices fall further after worst quarter in 13 years as interest rate fears hit bullion
• Negative Sentiment: Several market reports said gold remains in a bearish consolidation phase after a steep quarterly drop, showing that the broader trend is still fragile despite the rebound attempts. Gold Holds Steady in Bearish Consolidation Zone

SPDR Gold MiniShares Trust Stock Performance

Shares of GLDM opened at $79.92 on Thursday. SPDR Gold MiniShares Trust has a 1 year low of $64.71 and a 1 year high of $109.74. The stock’s 50-day moving average price is $87.66 and its two-hundred day moving average price is $92.07.

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.