Sei Investments Co. Reduces Stock Position in SPDR Gold MiniShares Trust $GLDM

Sei Investments Co. cut its holdings in SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 69.0% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 199,047 shares of the company’s stock after selling 443,484 shares during the period. Sei Investments Co. owned 0.06% of SPDR Gold MiniShares Trust worth $18,450,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. PNC Financial Services Group Inc. boosted its holdings in shares of SPDR Gold MiniShares Trust by 288.4% in the first quarter. PNC Financial Services Group Inc. now owns 268 shares of the company’s stock worth $25,000 after acquiring an additional 199 shares during the period. Godfrey Financial Associates Inc. bought a new position in SPDR Gold MiniShares Trust in the 4th quarter worth about $26,000. HHM Wealth Advisors LLC boosted its stake in SPDR Gold MiniShares Trust by 236.7% in the 1st quarter. HHM Wealth Advisors LLC now owns 303 shares of the company’s stock worth $28,000 after purchasing an additional 213 shares during the period. Root Financial Partners LLC grew its holdings in SPDR Gold MiniShares Trust by 548.2% during the 4th quarter. Root Financial Partners LLC now owns 363 shares of the company’s stock valued at $31,000 after buying an additional 307 shares in the last quarter. Finally, Networth Advisors LLC purchased a new position in SPDR Gold MiniShares Trust during the 4th quarter valued at about $33,000.

SPDR Gold MiniShares Trust Trading Up 0.5%

Shares of GLDM opened at $80.02 on Thursday. SPDR Gold MiniShares Trust has a twelve month low of $64.71 and a twelve month high of $109.74. The business’s 50-day moving average price is $83.12 and its 200-day moving average price is $91.17.

Trending Headlines about SPDR Gold MiniShares Trust

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

• Positive Sentiment: Gold received a relief bid after the Federal Reserve held rates steady. The decision reduced immediate pressure on non-yielding assets, although the Fed’s continued tightening bias limits the potential upside for GLDM. Gold price jumps as Federal Reserve leaves interest rates unchanged
• Positive Sentiment: Retail investment demand for bullion is beginning to recover after the months-long selloff, with the Royal Mint reporting particularly strong growth in digital silver demand. Improving investor appetite for precious metals could support gold-backed funds such as GLDM. Retail investors buy the dip as Royal Mint reports solid demand for digital gold and silver
• Positive Sentiment: Technical analysts see early signs of a potential bullish reversal after gold defended key Fibonacci support. A sustained move above resistance would improve the outlook, though confirmation has not yet occurred. Gold price forecast: Breakout retest sets stage for next advance

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.