Strategic Financial Services Inc. Has $44.59 Million Stock Position in SPDR Gold MiniShares Trust $GLDM

Strategic Financial Services Inc. lowered its stake in SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 3.8% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 561,408 shares of the company’s stock after selling 22,348 shares during the quarter. SPDR Gold MiniShares Trust comprises approximately 2.0% of Strategic Financial Services Inc.’s investment portfolio, making the stock its 12th biggest holding. Strategic Financial Services Inc. owned 0.16% of SPDR Gold MiniShares Trust worth $44,587,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Silver Oak Securities Incorporated raised its holdings in shares of SPDR Gold MiniShares Trust by 0.7% during the first quarter. Silver Oak Securities Incorporated now owns 14,763 shares of the company’s stock worth $1,368,000 after acquiring an additional 108 shares during the period. Verus Capital Partners LLC lifted its position in SPDR Gold MiniShares Trust by 1.1% in the 4th quarter. Verus Capital Partners LLC now owns 10,046 shares of the company’s stock valued at $858,000 after acquiring an additional 111 shares in the last quarter. Absolute Capital Management LLC boosted its stake in SPDR Gold MiniShares Trust by 2.3% in the 4th quarter. Absolute Capital Management LLC now owns 4,956 shares of the company’s stock worth $423,000 after purchasing an additional 112 shares during the period. One Charles Private Wealth Services LLC boosted its stake in SPDR Gold MiniShares Trust by 0.5% in the 4th quarter. One Charles Private Wealth Services LLC now owns 25,976 shares of the company’s stock worth $2,218,000 after purchasing an additional 120 shares during the period. Finally, Waterloo Capital L.P. increased its holdings in SPDR Gold MiniShares Trust by 0.9% during the 4th quarter. Waterloo Capital L.P. now owns 14,003 shares of the company’s stock worth $1,195,000 after purchasing an additional 121 shares in the last quarter.

Trending Headlines about SPDR Gold MiniShares Trust

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

• Positive Sentiment: Longer-term demand for gold remains supported by concerns over elevated government debt, inflation and currency risks. Invesco said investors are increasingly treating gold as a strategic portfolio allocation rather than a short-term trade. Rising gold price and spiking global yields reflect investor fears about skyrocketing debt levels
• Positive Sentiment: Central banks added a net 23 tonnes of gold in July, led by China and Poland, reinforcing the case for sustained official-sector demand. Geopolitical concerns are also encouraging some European institutions to reposition their reserves. Central banks add 23 net tonnes of gold in July
• Neutral Sentiment: Gold recovered part of its early selloff ahead of upcoming inflation data. Analysts continue to describe the longer-term outlook as constructive, but near-term direction may depend on whether inflation and policy expectations push yields higher or lower. Gold claws back from brutal jobs selloff as markets brace for key inflation data
• Negative Sentiment: The U.S. economy added 162,000 jobs in August, exceeding expectations. The stronger labor market lifted interest-rate expectations and Treasury yields, increasing the opportunity cost of holding non-yielding gold and pressuring GLDM. Gold also tested its 50-day moving average, raising a technical risk if support fails. Gold Tests 50-Day EMA as Strong US Jobs Data Lifts Rates

SPDR Gold MiniShares Trust Price Performance

GLDM opened at $87.73 on Monday. The business’s 50-day moving average price is $83.89 and its two-hundred day moving average price is $89.29. SPDR Gold MiniShares Trust has a 1 year low of $70.75 and a 1 year high of $109.74.

SPDR Gold MiniShares Trust Company 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.