Lido Advisors LLC Trims Position in SPDR Gold MiniShares Trust $GLDM

Lido Advisors LLC decreased its holdings in shares of SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 17.7% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 77,825 shares of the company’s stock after selling 16,685 shares during the period. Lido Advisors LLC’s holdings in SPDR Gold MiniShares Trust were worth $7,214,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. 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 acquiring an additional 17,000 shares during the period. Farther Finance Advisors LLC increased its holdings in shares of SPDR Gold MiniShares Trust by 17.4% in the fourth quarter. Farther Finance Advisors LLC now owns 635,706 shares of the company’s stock valued at $54,270,000 after purchasing an additional 94,239 shares during the period. AE Wealth Management LLC increased its holdings in shares of SPDR Gold MiniShares Trust by 37.0% in the fourth quarter. AE Wealth Management LLC now owns 330,650 shares of the company’s stock valued at $28,228,000 after purchasing an additional 89,313 shares during the period. Forbes Financial Planning Inc. purchased a new stake in shares of SPDR Gold MiniShares Trust during the fourth quarter worth approximately $4,302,000. Finally, Kraft Davis & Associates LLC purchased a new stake in shares of SPDR Gold MiniShares Trust during the fourth quarter worth approximately $8,594,000.

SPDR Gold MiniShares Trust Stock Up 0.1%

Shares of NYSEARCA GLDM opened at $80.19 on Friday. The stock has a fifty day moving average price of $83.69 and a 200 day moving average price of $91.32. SPDR Gold MiniShares Trust has a 1-year low of $64.71 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: Gold prices are holding above critical support near $4,000/oz, which some analysts say could mark an inflection point for a renewed bullish move. Gold continues to hold $4,000, which could signal inflection point, analysts say
• Positive Sentiment: China’s June gold imports hit a two-year high as lower prices boosted demand, suggesting strong physical buying support in a key market. China’s June gold imports hit fresh two-year high of 173 tonnes as lower prices boost demand
• Positive Sentiment: Gold is rebounding as Treasury yields ease, which typically supports non-yielding assets like bullion. Gold (XAUUSD), Silver, Platinum Forecasts – Gold Rebounds As Oil Prices Pull Back
• Positive Sentiment: Gold briefly spiked to around $4,070/oz after U.S. housing data missed expectations, reinforcing demand for safe-haven assets. Spot gold spikes to $4,070/oz high as U.S. new home sales rise 1.6% in June
• Neutral Sentiment: Despite the support, gold remains capped by firm Treasury yields, a resilient U.S. economy, and a stronger dollar, limiting the near-term upside for GLDM. Gold stuck in neutral as S&P Global highlights healthy US PMI activity
• Negative Sentiment: Several reports warn that gold has struggled to hold gains above $4,100/oz, leaving the metal vulnerable to further consolidation or downside if rates stay elevated. Investors should still hold a modest amount of gold – BlackRock’s Koesterich
• Negative Sentiment: Late-session selling on Thursday was driven by higher yields and a firmer U.S. dollar, both of which pressured gold prices and can weigh on the ETF. Gold falls as oil spike, higher yields pressure metals – Kitco PM Report

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.