Roan Capital Partners Has $4.89 Million Stake in SPDR Gold MiniShares Trust $GLDM

Roan Capital Partners lowered its stake in SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 23.9% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 61,544 shares of the company’s stock after selling 19,286 shares during the quarter. SPDR Gold MiniShares Trust comprises 4.1% of Roan Capital Partners’ portfolio, making the stock its 7th biggest holding. Roan Capital Partners’ holdings in SPDR Gold MiniShares Trust were worth $4,888,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. PNC Financial Services Group Inc. raised its stake in SPDR Gold MiniShares Trust by 288.4% during the 1st 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 shares of SPDR Gold MiniShares Trust in the fourth quarter worth approximately $26,000. HHM Wealth Advisors LLC boosted its position in shares of SPDR Gold MiniShares Trust by 236.7% in the first 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 increased its stake in shares of SPDR Gold MiniShares Trust by 548.2% in the fourth quarter. Root Financial Partners LLC now owns 363 shares of the company’s stock worth $31,000 after purchasing an additional 307 shares in the last quarter. Finally, Networth Advisors LLC purchased a new stake in shares of SPDR Gold MiniShares Trust in the fourth quarter worth $33,000.

SPDR Gold MiniShares Trust News Summary

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

• Positive Sentiment: A weak U.S. jobs report showing a loss of 23,000 positions in July increased expectations that the Federal Reserve may adopt a more dovish stance. Lower rate expectations, Treasury yields and the dollar generally support non-yielding gold. Gold prices surging higher as U.S. economy loses 23k jobs in July
• Positive Sentiment: Gold broke above a prolonged consolidation range after repeatedly testing support near $4,000 an ounce. Technical analysts see potential for additional gains toward major resistance around $4,382-$4,392 and possibly $4,494. Gold (XAU/USD) Price Forecast: Breakout Builds Toward Key Resistance
• Positive Sentiment: Central-bank demand remains supportive: the People’s Bank of China made its largest monthly gold purchase since 2023 and has now bought bullion for 21 consecutive months. Gold-backed ETFs also recorded net inflows in July after two months of withdrawals. PBOC boosts gold buying with largest monthly purchase since 2023
• Positive Sentiment: Investors are increasing bullish exposure, with traders reportedly spending about $180 million on gold call options. Analysts at BNP Paribas also see room for gold to reach $5,000 if pressure on the Fed contributes to further dollar weakness. Gold bugs spend $180 million betting all’s clear for metal as bond yields stall

SPDR Gold MiniShares Trust Stock Performance

Shares of GLDM stock opened at $85.95 on Friday. SPDR Gold MiniShares Trust has a one year low of $65.64 and a one year high of $109.74. The company’s fifty day moving average price is $82.16 and its 200-day moving average price is $90.75.

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.