ONE Advisory Partners LLC Buys New Stake in SPDR Gold MiniShares Trust $GLDM

ONE Advisory Partners LLC purchased a new position in shares of SPDR Gold MiniShares Trust (NYSEARCA:GLDM) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 32,121 shares of the company’s stock, valued at approximately $2,640,000. SPDR Gold MiniShares Trust comprises 0.7% of ONE Advisory Partners LLC’s investment portfolio, making the stock its 27th biggest position.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Washington Trust Advisors Inc. raised its holdings in SPDR Gold MiniShares Trust by 50.2% during the third quarter. Washington Trust Advisors Inc. now owns 5,607 shares of the company’s stock valued at $461,000 after buying an additional 1,874 shares in the last quarter. MBL Wealth LLC boosted its stake in shares of SPDR Gold MiniShares Trust by 6.2% during the 3rd quarter. MBL Wealth LLC now owns 548,620 shares of the company’s stock worth $45,086,000 after acquiring an additional 32,004 shares in the last quarter. School Employees Retirement Board of Ohio boosted its stake in shares of SPDR Gold MiniShares Trust by 948.4% during the 3rd quarter. School Employees Retirement Board of Ohio now owns 1,188,399 shares of the company’s stock worth $97,663,000 after acquiring an additional 1,075,042 shares in the last quarter. Mills Wealth Advisors LLC boosted its stake in shares of SPDR Gold MiniShares Trust by 0.6% during the 3rd quarter. Mills Wealth Advisors LLC now owns 45,058 shares of the company’s stock worth $3,703,000 after acquiring an additional 265 shares in the last quarter. Finally, Curry Webb Wealth Management LLC increased its holdings in shares of SPDR Gold MiniShares Trust by 23.5% during the 3rd quarter. Curry Webb Wealth Management LLC now owns 29,145 shares of the company’s stock valued at $2,395,000 after acquiring an additional 5,554 shares during the last quarter.

SPDR Gold MiniShares Trust Stock Performance

Shares of NYSEARCA GLDM traded down $0.53 during mid-day trading on Friday, reaching $79.13. 4,197,558 shares of the company traded hands, compared to its average volume of 6,674,162. The company’s fifty day moving average is $85.14 and its two-hundred day moving average is $86.00. SPDR Gold MiniShares Trust has a fifty-two week low of $77.50 and a fifty-two week high of $109.74.

Key SPDR Gold MiniShares Trust News

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

• Positive Sentiment: Some analysts view the selloff as potentially temporary. Peter Schiff argued that stock-market turmoil could ultimately benefit gold, while fund manager Gabelli said geopolitical conflict and strong mining-sector cash flows support gold’s longer-term recovery prospects. U.S. economist says stock market crash will be bullish for Gold
• Neutral Sentiment: Falling U.S. Treasury yields briefly offered support, but investors are focused on the Federal Reserve’s October 28 decision. Future policy guidance could determine whether gold stabilizes near $4,000 or resumes its decline. Gold Defends $4,000 After Bounce as Fed Signals Take Center Stage
• Negative Sentiment: Renewed Middle East and Strait of Hormuz tensions have pushed crude oil prices higher, reviving inflation concerns and reducing expectations for easier monetary policy. The resulting “higher-for-longer” rate outlook is weighing on non-yielding gold. Gold heads for steep weekly loss as Hormuz tensions lift crude toward five-month highs
• Negative Sentiment: U.S. economic data has also been unfavorable: jobless claims fell to a three-month low, while manufacturing and services activity remained relatively healthy. Stronger economic conditions reduce safe-haven demand and can support restrictive Fed policy. Gold prices under pressure as US weekly jobless claims fall to three-month low
• Negative Sentiment: Technical momentum has deteriorated after gold broke below $4,000. Analysts identify possible support near $3,950 and $3,942; a sustained move below those levels could expose deeper Fibonacci and longer-term downside targets, increasing pressure on GLDM. Gold price forecast: Bearish momentum puts major support at risk

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.