27,460 Shares in SPDR Gold MiniShares Trust $GLDM Bought by LightSquare Wealth Management LLC

LightSquare Wealth Management LLC acquired a new stake in shares of SPDR Gold MiniShares Trust (NYSEARCA:GLDM) in the third quarter, HoldingsChannel reports. The fund acquired 27,460 shares of the company’s stock, valued at approximately $2,257,000. SPDR Gold MiniShares Trust accounts for approximately 1.5% of LightSquare Wealth Management LLC’s holdings, making the stock its 21st largest position.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Diversify Advisory Services LLC increased its stake in shares of SPDR Gold MiniShares Trust by 31.1% in the third quarter. Diversify Advisory Services LLC now owns 832,066 shares of the company’s stock worth $68,720,000 after buying an additional 197,367 shares during the last quarter. Integrated Wealth Concepts LLC raised its holdings in SPDR Gold MiniShares Trust by 86.5% in the second quarter. Integrated Wealth Concepts LLC now owns 25,798 shares of the company’s stock valued at $2,049,000 after acquiring an additional 11,966 shares in the last quarter. Financial Enhancement Group LLC boosted its stake in SPDR Gold MiniShares Trust by 117.8% during the 3rd quarter. Financial Enhancement Group LLC now owns 108,686 shares of the company’s stock valued at $8,816,000 after acquiring an additional 58,787 shares during the last quarter. Farther Finance Advisors LLC grew its holdings in SPDR Gold MiniShares Trust by 64.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,188,672 shares of the company’s stock worth $97,685,000 after acquiring an additional 465,716 shares in the last quarter. Finally, IFP Advisors Inc grew its holdings in SPDR Gold MiniShares Trust by 24.6% during the 3rd quarter. IFP Advisors Inc now owns 33,846 shares of the company’s stock worth $2,781,000 after acquiring an additional 6,688 shares in the last quarter.

Key Headlines Impacting SPDR Gold MiniShares Trust

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 Price Performance

GLDM stock traded down $0.65 during mid-day trading on Friday, hitting $80.41. 4,528,731 shares of the company were exchanged, compared to its average volume of 6,578,117. The firm has a fifty day simple moving average of $83.07 and a 200 day simple moving average of $88.72. SPDR Gold MiniShares Trust has a twelve month low of $76.54 and a twelve month high of $109.74.

About SPDR Gold MiniShares Trust

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.