Gould Asset Management LLC CA Has $14.54 Million Holdings in SPDR Gold MiniShares Trust $GLDM

Gould Asset Management LLC CA trimmed its holdings in SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 13.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 170,329 shares of the company’s stock after selling 25,762 shares during the period. SPDR Gold MiniShares Trust comprises about 2.6% of Gould Asset Management LLC CA’s investment portfolio, making the stock its 10th biggest position. Gould Asset Management LLC CA owned about 0.05% of SPDR Gold MiniShares Trust worth $14,541,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. AQR Capital Management LLC raised its position in shares of SPDR Gold MiniShares Trust by 90.6% during the first quarter. AQR Capital Management LLC now owns 24,046 shares of the company’s stock valued at $1,488,000 after buying an additional 11,428 shares during the last quarter. Walleye Capital LLC purchased a new position in SPDR Gold MiniShares Trust during the second quarter valued at $210,000. Jump Financial LLC grew its stake in SPDR Gold MiniShares Trust by 1.3% during the second quarter. Jump Financial LLC now owns 42,431 shares of the company’s stock valued at $2,780,000 after acquiring an additional 530 shares in the last quarter. State Street Corp increased its holdings in SPDR Gold MiniShares Trust by 0.3% in the 2nd quarter. State Street Corp now owns 2,695,268 shares of the company’s stock valued at $176,594,000 after acquiring an additional 8,380 shares during the last quarter. Finally, NewEdge Advisors LLC increased its holdings in SPDR Gold MiniShares Trust by 82.1% in the 2nd quarter. NewEdge Advisors LLC now owns 152,610 shares of the company’s stock valued at $9,999,000 after acquiring an additional 68,786 shares during the last quarter.

SPDR Gold MiniShares Trust Stock Up 2.6%

Shares of GLDM stock opened at $85.51 on Tuesday. SPDR Gold MiniShares Trust has a 12-month low of $64.46 and a 12-month high of $109.74. The stock’s 50-day moving average price is $90.70 and its 200-day moving average price is $92.22.

SPDR Gold MiniShares Trust News Roundup

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

• Positive Sentiment: Gold prices are rising after the U.S.-Iran ceasefire, as investors continue to seek protection from geopolitical uncertainty and potential inflation risks. Gold Edges Higher, Extending Gains After U.S.-Iran Ceasefire
• Positive Sentiment: Record central-bank buying plans are supporting the gold market, with a World Gold Council survey showing 45% of central banks expect to increase gold holdings, reinforcing long-term demand. Record 45% of central banks plan increase gold holdings, WGC survey finds
• Positive Sentiment: Gold has cleared key resistance levels and is holding near recent highs, helped by falling oil prices and lower Treasury yields, both of which ease inflation concerns and strengthen bullion demand. Gold clears $4,300 as Hormuz deal cuts oil, yield pressure – Kitco PM Report
• Neutral Sentiment: Some analysts say the rally is still being balanced by expectations for a less aggressive Fed response if inflation pressures ease, so the move remains tied to changing rate expectations as much as geopolitics. Gold and silver rally after Iran-U.S. deal, but face headwinds from rate hike expectations – Heraeus

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.