Integrated Advisors Network LLC Boosts Stock Position in SPDR Gold MiniShares Trust $GLDM

Integrated Advisors Network LLC increased its position in SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 21.5% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 90,138 shares of the company’s stock after acquiring an additional 15,976 shares during the quarter. Integrated Advisors Network LLC’s holdings in SPDR Gold MiniShares Trust were worth $8,355,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. HHM Wealth Advisors LLC raised its position in shares of SPDR Gold MiniShares Trust by 236.7% during the 1st quarter. HHM Wealth Advisors LLC now owns 303 shares of the company’s stock valued at $28,000 after buying an additional 213 shares in the last quarter. Godfrey Financial Associates Inc. bought a new stake in SPDR Gold MiniShares Trust during the fourth quarter worth approximately $26,000. Root Financial Partners LLC increased its stake in SPDR Gold MiniShares Trust by 548.2% during the fourth quarter. Root Financial Partners LLC now owns 363 shares of the company’s stock worth $31,000 after acquiring an additional 307 shares during the last quarter. Networth Advisors LLC purchased a new stake in SPDR Gold MiniShares Trust during the fourth quarter valued at approximately $33,000. Finally, Gould Capital LLC raised its position in SPDR Gold MiniShares Trust by 377.8% during the third quarter. Gould Capital LLC now owns 516 shares of the company’s stock valued at $39,000 after purchasing an additional 408 shares during the period.

SPDR Gold MiniShares Trust Stock Up 0.3%

NYSEARCA:GLDM opened at $82.68 on Tuesday. The business has a 50 day simple moving average of $86.98 and a 200-day simple moving average of $92.00. SPDR Gold MiniShares Trust has a 1 year low of $64.71 and a 1 year high of $109.74.

SPDR Gold MiniShares Trust News Roundup

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

• Positive Sentiment: Gold is holding above the $4,100 level, with analysts citing official-sector demand, constrained mine supply, and a potential floor forming after recent liquidation. Gold holds above $4,100 as Fed minutes, Hormuz risk lift yields – Kitco AM Report
• Positive Sentiment: Weak U.S. payrolls data has boosted gold by increasing expectations that the Federal Reserve may not need to hike as much, which tends to help non-yielding assets like gold-backed funds. Gold Gains as Investors Scale Back on Fed Hike Bets
• Neutral Sentiment: Gold is still facing technical resistance near $4,200, and traders are watching upcoming Fed minutes and economic data for confirmation of the next move. Gold (XAUUSD) & Silver Price Forecast: Gold Breaks Trendline at $4,127 as Silver Holds $60.69 Ahead of FOMC — Next Move?
• Neutral Sentiment: Some reports say gold slipped or struggled as traders took profits and the dollar firmed, showing the metal remains volatile and prone to consolidation. Gold Falls as Investors Await Fed Minutes
• Negative Sentiment: The stronger U.S. dollar, rising Treasury yields, and easing oil-risk premium have recently offset some safe-haven buying, which can weigh on gold prices and cap upside for GLDM. Gold slips as Fed minutes loom, Hormuz risk eases oil shock – Kitco AM Report

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.