SPDR Gold MiniShares Trust $GLDM Position Lifted by Integrated Wealth Concepts LLC

Integrated Wealth Concepts LLC raised its stake in SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 86.5% in the 2nd quarter, Holdings Channel.com reports. The firm owned 25,798 shares of the company’s stock after acquiring an additional 11,966 shares during the period. Integrated Wealth Concepts LLC’s holdings in SPDR Gold MiniShares Trust were worth $2,049,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Silver Oak Securities Incorporated grew its stake in SPDR Gold MiniShares Trust by 0.7% in the first quarter. Silver Oak Securities Incorporated now owns 14,763 shares of the company’s stock worth $1,368,000 after purchasing an additional 108 shares in the last quarter. Verus Capital Partners LLC raised its stake in SPDR Gold MiniShares Trust by 1.1% during the fourth quarter. Verus Capital Partners LLC now owns 10,046 shares of the company’s stock valued at $858,000 after buying an additional 111 shares in the last quarter. Absolute Capital Management LLC lifted its holdings in SPDR Gold MiniShares Trust by 2.3% during the 4th quarter. Absolute Capital Management LLC now owns 4,956 shares of the company’s stock worth $423,000 after buying an additional 112 shares during the last quarter. One Charles Private Wealth Services LLC lifted its holdings in SPDR Gold MiniShares Trust by 0.5% during the 4th quarter. One Charles Private Wealth Services LLC now owns 25,976 shares of the company’s stock worth $2,218,000 after buying an additional 120 shares during the last quarter. Finally, Waterloo Capital L.P. lifted its holdings in SPDR Gold MiniShares Trust by 0.9% during the 4th quarter. Waterloo Capital L.P. now owns 14,003 shares of the company’s stock worth $1,195,000 after buying an additional 121 shares during the last quarter.

SPDR Gold MiniShares Trust Trading Down 1.5%

Shares of GLDM opened at $84.73 on Tuesday. SPDR Gold MiniShares Trust has a 52 week low of $71.81 and a 52 week high of $109.74. The stock has a 50 day moving average of $84.54 and a 200-day moving average of $88.70.

Trending Headlines about SPDR Gold MiniShares Trust

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

• Positive Sentiment: Gold’s role as a hedge against currency debasement, heavy government debt and geopolitical uncertainty continues to provide longer-term support, according to Sprott. Gold is the North Star in a world drowning in debt
• Positive Sentiment: Gold briefly rebounded from session lows when the 10-year Treasury yield pulled back after failing to sustain a move above 5%, reducing some of the pressure on non-yielding bullion. Gold rebounds as Treasury yields pull back
• Neutral Sentiment: Technical analysts are watching support near $4,300 and the 200-day exponential moving average; holding those levels could stabilize gold, while a breakdown would signal additional downside risk. Gold Price Forecast: $4,325 Support in Focus Ahead of Fed
• Negative Sentiment: Oil’s surge has increased inflation concerns and pushed bond yields higher, keeping gold below $4,300 an ounce and weighing on GLDM. Gold Stays Under Pressure as Oil Heightens Inflation Fears
• Negative Sentiment: Markets are assigning high odds to a Fed rate increase after hot core inflation data. Higher interest rates raise the opportunity cost of holding gold, which pays no interest. Gold slips as Fed hike odds hit 87%
• Negative Sentiment: Analysts warn that a near-5% 10-year Treasury yield and increasingly hawkish monetary-policy expectations may create further short-term downside for gold, despite safe-haven demand from Middle East tensions. Gold price fall as oil and Treasury yields rise

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.