SPDR Gold MiniShares Trust $GLDM Holdings Boosted by Wealthfront Advisers LLC

Wealthfront Advisers LLC boosted its holdings in shares of SPDR Gold MiniShares Trust (NYSEARCA:GLDM – Free Report) by 29.6% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 458,522 shares of the company’s stock after buying an additional 104,667 shares during the period. Wealthfront Advisers LLC’s holdings in SPDR Gold MiniShares Trust were worth $42,500,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. AQR Capital Management LLC increased its holdings in shares of SPDR Gold MiniShares Trust by 90.6% in the 1st quarter. AQR Capital Management LLC now owns 24,046 shares of the company’s stock valued at $1,488,000 after purchasing an additional 11,428 shares during the period. Walleye Capital LLC acquired a new stake in shares of SPDR Gold MiniShares Trust during the second quarter worth approximately $210,000. Jump Financial LLC grew its position 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 purchasing an additional 530 shares in the last quarter. State Street Corp grew its position in SPDR Gold MiniShares Trust by 0.3% during the second quarter. State Street Corp now owns 2,695,268 shares of the company’s stock valued at $176,594,000 after purchasing an additional 8,380 shares in the last quarter. Finally, NewEdge Advisors LLC increased its stake 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 buying an additional 68,786 shares during the period.

SPDR Gold MiniShares Trust Trading Down 0.0%

SPDR Gold MiniShares Trust stock opened at $80.24 on Thursday. SPDR Gold MiniShares Trust has a twelve month low of $64.71 and a twelve month high of $109.74. The firm’s 50 day moving average price is $85.45 and its two-hundred day moving average price is $91.67.

Trending Headlines about SPDR Gold MiniShares Trust

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

• Positive Sentiment: Gold benefited from softer U.S. consumer and producer inflation data, which pressured yields and the dollar and improved the outlook for non-yielding assets like gold. Gold edges higher, silver slips as oil keeps inflation risk alive – Kitco PM Report
• Positive Sentiment: Geopolitical and oil-market risks are keeping inflation concerns alive, which can support safe-haven demand for gold. Gold steadies above $4,000 as PPI cools, yields rise – Kitco AM Report
• Positive Sentiment: Several strategists said central bank buying and policy uncertainty remain supportive for gold, even as the metal consolidates below resistance. Gold (XAUUSD) & Silver Price Forecast: Is $4,000 Gold’s Next Bounce or Breakdown?
• Neutral Sentiment: Gold is still facing resistance around the $4,100 area, suggesting the recent rebound may need stronger momentum to extend further. Gold holds firm above $4,000 as investors look beyond inflation fears – Saxo’s Hansen
• Neutral Sentiment: Technical commentary remains mixed, with some forecasts warning that gold is still trapped below resistance while others see signs of a possible reversal. Gold (XAU/USD) Price Forecast: Can Gold Break Out Above Key Resistance?
• Negative Sentiment: Higher Treasury yields at times continue to cap gold’s upside, which can weigh on GLDM if rates keep climbing. Gold Flat Amid Rising Oil Prices

About SPDR Gold MiniShares Trust

(Free Report)

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.

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