OakTrust Wealth Advisors LLC Sells 7,262 Shares of SPDR Gold MiniShares Trust $GLDM

OakTrust Wealth Advisors LLC trimmed its position in shares of SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 11.5% during the first quarter, HoldingsChannel reports. The firm owned 55,862 shares of the company’s stock after selling 7,262 shares during the quarter. SPDR Gold MiniShares Trust comprises 4.7% of OakTrust Wealth Advisors LLC’s portfolio, making the stock its 7th largest holding. OakTrust Wealth Advisors LLC’s holdings in SPDR Gold MiniShares Trust were worth $5,178,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. HHM Wealth Advisors LLC increased its position in shares of SPDR Gold MiniShares Trust by 236.7% in the 1st quarter. HHM Wealth Advisors LLC now owns 303 shares of the company’s stock valued at $28,000 after buying an additional 213 shares in the last quarter. Godfrey Financial Associates Inc. bought a new position in SPDR Gold MiniShares Trust during the fourth quarter worth about $26,000. Root Financial Partners LLC lifted its holdings in SPDR Gold MiniShares Trust by 548.2% during the fourth quarter. Root Financial Partners LLC now owns 363 shares of the company’s stock worth $31,000 after acquiring an additional 307 shares in the last quarter. Networth Advisors LLC acquired a new position in SPDR Gold MiniShares Trust in the fourth quarter valued at about $33,000. Finally, Gould Capital LLC grew its stake in SPDR Gold MiniShares Trust by 377.8% in the third quarter. Gould Capital LLC now owns 516 shares of the company’s stock valued at $39,000 after acquiring an additional 408 shares during the period.

SPDR Gold MiniShares Trust Stock Performance

Shares of SPDR Gold MiniShares Trust stock opened at $79.45 on Tuesday. SPDR Gold MiniShares Trust has a 1 year low of $64.71 and a 1 year high of $109.74. The business has a 50-day moving average of $88.30 and a two-hundred day moving average of $92.13.

Key SPDR Gold MiniShares Trust News

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

• Positive Sentiment: Central bank buying continues to support the long-term gold backdrop, with survey data suggesting the official sector is still accumulating bullion, even if at a slower pace. Gold’s biggest buyers aren’t slowing down, but SocGen sees more measured pace ahead
• Positive Sentiment: Some analysts say precious metals could benefit later if oil prices fall, inflation expectations cool, and bond yields ease, which would improve the case for gold and GLDM. Precious metals should benefit from falling oil, as gold market continues shift toward Asia – Heraeus
• Positive Sentiment: China is considering changes to gold import and export rules, which could support broader market activity and reinforce Asia’s importance in gold demand. China considers new import and export regime for gold which limits PBOC oversight
• Neutral Sentiment: Gold is holding important technical support levels, suggesting traders are watching for either a rebound or a deeper breakdown in the near term. Gold (XAUUSD) & Silver Price Forecast: Gold Defends $4,049 as Silver Holds $57.97 — Next Move?
• Neutral Sentiment: Near-term price forecasts remain mixed, with some analysts warning gold could dip below current support before recovering later in 2027. Gold will fall below $3,900 this year before rallying to $5,300 in 2027 – TD’s Bart Melek
• Negative Sentiment: Multiple reports say gold and silver are weakening as higher oil prices and firmer Treasury yields keep markets focused on Fed tightening risk instead of safe-haven demand. Gold, silver weaken as Fed repricing overwhelms haven demand – Kitco PM Report
• Negative Sentiment: Gold prices are also being weighed down by a stronger dollar and renewed concerns that Fed rate expectations may stay elevated longer than previously hoped. Gold (XAUUSD), Silver, Platinum Forecasts – Gold Retreats As Traders Focus On Rate Outlook
• Negative Sentiment: Technical selling is adding pressure, with articles pointing to a “death cross” and other bearish signals that could push gold lower in the short term. Gold News: Does the Death Cross Still Matter for Gold Prices?

SPDR Gold MiniShares Trust 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.