SPDR Gold MiniShares Trust $GLDM Shares Sold by TD Waterhouse Canada Inc.

TD Waterhouse Canada Inc. trimmed its position in SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 8.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 68,171 shares of the company’s stock after selling 6,416 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in SPDR Gold MiniShares Trust were worth $5,445,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of GLDM. Beacon Capital Management LLC purchased a new position in shares of SPDR Gold MiniShares Trust in the 2nd quarter valued at about $425,000. InTrack Investment Management Inc boosted its holdings in SPDR Gold MiniShares Trust by 2.8% in the second quarter. InTrack Investment Management Inc now owns 18,836 shares of the company’s stock valued at $1,496,000 after purchasing an additional 505 shares in the last quarter. Coppell Advisory Solutions LLC acquired a new position in SPDR Gold MiniShares Trust in the second quarter valued at approximately $301,000. Beacon Financial Advisory LLC boosted its holdings in SPDR Gold MiniShares Trust by 3.6% in the second quarter. Beacon Financial Advisory LLC now owns 4,658 shares of the company’s stock valued at $370,000 after purchasing an additional 163 shares in the last quarter. Finally, Secure Asset Management LLC purchased a new position in SPDR Gold MiniShares Trust in the second quarter valued at approximately $8,174,000.

SPDR Gold MiniShares Trust News Roundup

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

• Positive Sentiment: Longer-term demand for gold remains supported by concerns over elevated government debt, inflation and currency risks. Invesco said investors are increasingly treating gold as a strategic portfolio allocation rather than a short-term trade. Rising gold price and spiking global yields reflect investor fears about skyrocketing debt levels
• Positive Sentiment: Central banks added a net 23 tonnes of gold in July, led by China and Poland, reinforcing the case for sustained official-sector demand. Geopolitical concerns are also encouraging some European institutions to reposition their reserves. Central banks add 23 net tonnes of gold in July
• Neutral Sentiment: Gold recovered part of its early selloff ahead of upcoming inflation data. Analysts continue to describe the longer-term outlook as constructive, but near-term direction may depend on whether inflation and policy expectations push yields higher or lower. Gold claws back from brutal jobs selloff as markets brace for key inflation data
• Negative Sentiment: The U.S. economy added 162,000 jobs in August, exceeding expectations. The stronger labor market lifted interest-rate expectations and Treasury yields, increasing the opportunity cost of holding non-yielding gold and pressuring GLDM. Gold also tested its 50-day moving average, raising a technical risk if support fails. Gold Tests 50-Day EMA as Strong US Jobs Data Lifts Rates

SPDR Gold MiniShares Trust Price Performance

GLDM stock opened at $87.73 on Monday. SPDR Gold MiniShares Trust has a twelve month low of $70.75 and a twelve month high of $109.74. The company’s 50 day moving average is $83.89 and its two-hundred day moving average is $89.29.

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.