Merkkuri Wealth Advisors LLC Sells 6,233 Shares of SPDR Gold MiniShares Trust $GLDM

Merkkuri Wealth Advisors LLC decreased its stake in shares of SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 25.9% in the first quarter, HoldingsChannel reports. The institutional investor owned 17,799 shares of the company’s stock after selling 6,233 shares during the period. SPDR Gold MiniShares Trust comprises approximately 1.1% of Merkkuri Wealth Advisors LLC’s holdings, making the stock its 26th largest position. Merkkuri Wealth Advisors LLC’s holdings in SPDR Gold MiniShares Trust were worth $1,650,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. Silver Oak Securities Incorporated increased its position 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 raised its stake in shares of SPDR Gold MiniShares Trust by 1.1% during the fourth 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. U.S. Capital Wealth Advisors LLC boosted its holdings in shares of SPDR Gold MiniShares Trust by 0.8% in the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 14,147 shares of the company’s stock valued at $1,208,000 after purchasing an additional 112 shares during the period. Absolute Capital Management LLC boosted its holdings in shares of SPDR Gold MiniShares Trust by 2.3% in the fourth quarter. Absolute Capital Management LLC now owns 4,956 shares of the company’s stock valued at $423,000 after purchasing an additional 112 shares during the period. Finally, One Charles Private Wealth Services LLC grew its stake in SPDR Gold MiniShares Trust by 0.5% in the fourth 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 in the last quarter.

SPDR Gold MiniShares Trust Stock Performance

GLDM opened at $80.61 on Friday. The stock’s fifty day moving average is $88.61 and its two-hundred day moving average is $92.10. SPDR Gold MiniShares Trust has a 52 week low of $64.46 and a 52 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: Gold and other precious metals are getting support from lower Treasury yields and a dollar that has moved away from recent highs, helping gold regain some ground. Gold (XAUUSD), Silver, Platinum Forecasts – Gold Gains Ground As Dollar Moves Away From Yearly Highs
• Positive Sentiment: Gold found buyers near the $4,000 area, with rebound attempts and session highs showing that investors are still treating that level as important support. Gold Price Analysis – Gold Attempting to Bounce from $4000 Region
• Positive Sentiment: Recent U.S. data, including softer inflation expectations and a weaker consumer sentiment reading, has reinforced demand for gold as a hedge and helped the metal trade firmer. Spot gold hits session high near 4080/oz after final Consumer Sentiment rises to 49.5, one-year and long-term inflation expectations ease
• Neutral Sentiment: Some commentary says gold’s longer-term structure remains vulnerable, with technical breakdowns signaling possible further weakness unless gold reclaims key resistance levels. Gold (XAU/USD) Price Forecast: Trendline Break Signals Bearish Extension
• Negative Sentiment: Several reports say gold remains under pressure from a hawkish Fed, resilient U.S. economic data, and a strong dollar, which could keep GLDM weighed down if those conditions persist. Gold (XAUUSD) Price Forecast: Can China Buying Offset Hawkish Fed Pressure?
• Negative Sentiment: Market analysis from late Thursday and Friday argues gold may still have further downside ahead, with bearish forecasts calling for additional declines after the recent selloff. Gold Declines; Prices Could Have Further to Fall

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.