Legacy Wealth Managment LLC ID Invests $1.11 Million in SPDR Gold MiniShares Trust $GLDM

Legacy Wealth Managment LLC ID purchased a new stake in SPDR Gold MiniShares Trust (NYSEARCA:GLDM) in the second quarter, according to its most recent filing with the SEC. The fund purchased 14,009 shares of the company’s stock, valued at approximately $1,113,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. AQR Capital Management LLC increased its stake in SPDR Gold MiniShares Trust by 90.6% during the first quarter. AQR Capital Management LLC now owns 24,046 shares of the company’s stock valued at $1,488,000 after purchasing an additional 11,428 shares during the last quarter. Walleye Capital LLC bought a new position in shares of SPDR Gold MiniShares Trust in the 2nd quarter worth about $210,000. Jump Financial LLC boosted its holdings in shares of SPDR Gold MiniShares Trust by 1.3% in the 2nd quarter. Jump Financial LLC now owns 42,431 shares of the company’s stock valued at $2,780,000 after buying an additional 530 shares during the period. State Street Corp boosted its holdings in shares of SPDR Gold MiniShares Trust by 0.3% in the 2nd quarter. State Street Corp now owns 2,695,268 shares of the company’s stock valued at $176,594,000 after buying an additional 8,380 shares during the period. Finally, NewEdge Advisors LLC grew its position in shares of SPDR Gold MiniShares Trust by 82.1% during the 2nd quarter. NewEdge Advisors LLC now owns 152,610 shares of the company’s stock valued at $9,999,000 after buying an additional 68,786 shares during the last quarter.

Key SPDR Gold MiniShares Trust News

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

• Positive Sentiment: Less-hawkish comments from Fed Governor Christopher Waller, softer labor-market indicators and easing bond yields reduced gold’s opportunity cost, helping precious metals extend their rebound. Gold price nears $4,500 as jobs data, Waller ease yield pressure
• Positive Sentiment: Gold broke above near-term resistance and reclaimed important technical levels, with analysts identifying potential upside targets near $4,852 and beyond. Gold Price Forecast: Breakout Targets $4,852 and Beyond
• Positive Sentiment: Central banks bought a net 23 tonnes of gold in July, led by China and Poland, reinforcing the longer-term demand and diversification case for gold. Central banks add 23 net tonnes of gold in July
• Positive Sentiment: Strategists at Societe Generale, Schroders, RBC and Goldman Sachs maintained or upgraded bullish views, citing central-bank buying, geopolitical risk, debt concerns, de-dollarization and currency debasement. Goldman Sachs sees gold at $4,900 by year-end
• Neutral Sentiment: The Netherlands moved roughly 86 tonnes of gold from New York and Ottawa to London for crisis preparedness. The transfer highlights geopolitical concerns but does not represent a sale of gold. Dutch central bank moves gold bars out of U.S. and Canada
• Negative Sentiment: Stronger-than-expected U.S. services activity and elevated 10-year Treasury yields could limit gold’s advance by supporting interest-rate expectations. Friday’s payrolls report remains a key near-term risk: stronger data could push yields and the dollar higher. Gold price after ISM Services PMI rises to 55.4

SPDR Gold MiniShares Trust Trading Up 1.9%

GLDM opened at $88.52 on Friday. SPDR Gold MiniShares Trust has a fifty-two week low of $69.98 and a fifty-two week high of $109.74. The company’s 50-day moving average price is $83.74 and its 200 day moving average price is $89.38.

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.