SPDR Gold MiniShares Trust $GLDM Holdings Cut by Graetz Wealth LLC

Graetz Wealth LLC trimmed its stake in SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 53.1% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 19,211 shares of the company’s stock after selling 21,711 shares during the quarter. SPDR Gold MiniShares Trust accounts for approximately 1.6% of Graetz Wealth LLC’s holdings, making the stock its 23rd biggest holding. Graetz Wealth LLC’s holdings in SPDR Gold MiniShares Trust were worth $1,781,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. AQR Capital Management LLC raised its holdings 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 worth $1,488,000 after purchasing an additional 11,428 shares in the last quarter. Walleye Capital LLC bought a new position in SPDR Gold MiniShares Trust during the second quarter valued at about $210,000. Jump Financial LLC boosted its stake in SPDR Gold MiniShares Trust by 1.3% during the second 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 in the last quarter. State Street Corp grew its holdings in SPDR Gold MiniShares Trust by 0.3% during the second quarter. State Street Corp now owns 2,695,268 shares of the company’s stock worth $176,594,000 after acquiring an additional 8,380 shares during the period. Finally, NewEdge Advisors LLC grew its holdings in SPDR Gold MiniShares Trust by 82.1% during the second quarter. NewEdge Advisors LLC now owns 152,610 shares of the company’s stock worth $9,999,000 after acquiring an additional 68,786 shares during the period.

SPDR Gold MiniShares Trust Trading Up 1.0%

Shares of SPDR Gold MiniShares Trust stock opened at $81.54 on Friday. The company’s 50-day moving average price is $86.32 and its two-hundred day moving average price is $91.90. SPDR Gold MiniShares Trust has a 52 week low of $64.71 and a 52 week high of $109.74.

Trending Headlines about SPDR Gold MiniShares Trust

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

• Positive Sentiment: Gold reclaimed support above $4,100/oz, with multiple reports pointing to a rebound in spot prices and renewed momentum after Wednesday’s selloff. Gold rebounds above $4,100 as Fed minutes, Hormuz risk keep yields firm – Kitco AM Report
• Positive Sentiment: Safe-haven buying improved as renewed fighting in the Middle East and U.S.-Iran escalation kept geopolitical risk elevated, supporting gold-backed funds like GLDM. Gold Rises on Renewed Middle East Tensions
• Positive Sentiment: Gold also pushed to session highs after weaker U.S. housing data, reinforcing the case for defensive commodity exposure. Gold price pushes to session highs as U.S. existing home sales drop 2.4%
• Neutral Sentiment: Some analysts still expect gold to stay rangebound in the near term because hawkish Fed expectations and firm yields could cap the upside. Gold prices will be rangebound through the summer – Metals Focus
• Neutral Sentiment: Technical traders are watching for confirmation of a bullish reversal, but a “death cross” warning and resistance near recent highs suggest volatility may continue. Gold (XAU/USD) Price Forecast: Bullish Reversal Tests Key Resistance Levels
• Negative Sentiment: Earlier reports noted pressure from rising Treasury yields, a firmer U.S. dollar, and hawkish Fed minutes, which had weighed on gold before the rebound. Gold slides as Fed minutes, Hormuz oil spike lift yields – Kitco PM Report

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.