SPDR Gold MiniShares Trust $GLDM Stock: Henderson Brothers Financial Partners LLC Increases Holdings

Henderson Brothers Financial Partners LLC raised its holdings in SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 12.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 58,201 shares of the company’s stock after purchasing an additional 6,602 shares during the quarter. SPDR Gold MiniShares Trust accounts for about 1.7% of Henderson Brothers Financial Partners LLC’s holdings, making the stock its 14th biggest position. Henderson Brothers Financial Partners LLC’s holdings in SPDR Gold MiniShares Trust were worth $4,783,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the business. Verus Capital Partners LLC raised its stake in shares of SPDR Gold MiniShares Trust by 4.0% during the 3rd quarter. Verus Capital Partners LLC now owns 6,338 shares of the company’s stock worth $521,000 after buying an additional 241 shares in the last quarter. Tennessee Valley Asset Management Partners lifted its holdings in shares of SPDR Gold MiniShares Trust by 9.7% in the 3rd quarter. Tennessee Valley Asset Management Partners now owns 51,067 shares of the company’s stock valued at $4,197,000 after buying an additional 4,503 shares during the period. Parallel Advisors LLC boosted its stake in shares of SPDR Gold MiniShares Trust by 19.5% in the third quarter. Parallel Advisors LLC now owns 11,306 shares of the company’s stock valued at $929,000 after buying an additional 1,847 shares in the last quarter. Merkkuri Wealth Advisors LLC boosted its stake in shares of SPDR Gold MiniShares Trust by 4.1% in the third quarter. Merkkuri Wealth Advisors LLC now owns 20,982 shares of the company’s stock valued at $1,724,000 after buying an additional 820 shares in the last quarter. Finally, Destiny Capital Corp CO boosted its stake in shares of SPDR Gold MiniShares Trust by 1.5% in the third quarter. Destiny Capital Corp CO now owns 38,630 shares of the company’s stock valued at $3,175,000 after buying an additional 575 shares in the last quarter.

More SPDR Gold MiniShares Trust News

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

• Positive Sentiment: Some analysts see gold’s technical breakout as a possible end to its recent correction. A weaker dollar tied to expectations of increased government spending could also support bullion. Gold breakout forecast Spending plans and the dollar
• Positive Sentiment: Gold recovered some ground after preliminary U.S. consumer sentiment beat expectations and inflation expectations eased, offering support to bullion. Consumer sentiment and gold
• Neutral Sentiment: The outlook remains sensitive to Federal Reserve policy and presidential actions; traders are watching for clues on the Fed’s next decision. Gold, the dollar and policy uncertainty
• Negative Sentiment: October payrolls rose by 165,000, stronger than expected, lifting the dollar and reinforcing concern that interest rates may stay higher. Higher real yields raise the opportunity cost of holding non-yielding gold. Gold retreats after payrolls
• Negative Sentiment: Gold’s recovery is being tested near the $4,000-per-ounce support level. A decisive break below it could bring further downside, while elevated yields remain a headwind. Gold weekly forecast and support levels

SPDR Gold MiniShares Trust Stock Down 0.8%

Shares of GLDM stock opened at $80.41 on Friday. The business’s fifty day moving average price is $83.07 and its 200 day moving average price is $88.72. SPDR Gold MiniShares Trust has a 1-year low of $76.54 and a 1-year high of $109.74.

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.