SPDR Gold MiniShares Trust $GLDM Shares Sold by Lido Advisors LLC

Lido Advisors LLC reduced its position in shares of SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 17.7% in the 1st quarter, HoldingsChannel reports. The firm owned 77,825 shares of the company’s stock after selling 16,685 shares during the period. Lido Advisors LLC’s holdings in SPDR Gold MiniShares Trust were worth $7,214,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Silver Oak Securities Incorporated boosted its holdings in SPDR Gold MiniShares Trust by 0.7% in the 1st quarter. Silver Oak Securities Incorporated now owns 14,763 shares of the company’s stock valued at $1,368,000 after purchasing an additional 108 shares in the last quarter. Verus Capital Partners LLC raised its stake in shares of SPDR Gold MiniShares Trust by 1.1% during the 4th quarter. Verus Capital Partners LLC now owns 10,046 shares of the company’s stock worth $858,000 after buying an additional 111 shares in the last quarter. U.S. Capital Wealth Advisors LLC raised its stake in shares of SPDR Gold MiniShares Trust by 0.8% during the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 14,147 shares of the company’s stock worth $1,208,000 after buying an additional 112 shares in the last quarter. Absolute Capital Management LLC lifted its holdings in shares of SPDR Gold MiniShares Trust by 2.3% in the 4th quarter. Absolute Capital Management LLC now owns 4,956 shares of the company’s stock valued at $423,000 after buying an additional 112 shares during the period. Finally, One Charles Private Wealth Services LLC lifted its holdings in shares of SPDR Gold MiniShares Trust by 0.5% in the 4th quarter. One Charles Private Wealth Services LLC now owns 25,976 shares of the company’s stock valued at $2,218,000 after buying an additional 120 shares during the period.

More SPDR Gold MiniShares Trust News

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

• Positive Sentiment: Gold prices are holding above critical support near $4,000/oz, which some analysts say could mark an inflection point for a renewed bullish move. Gold continues to hold $4,000, which could signal inflection point, analysts say
• Positive Sentiment: China’s June gold imports hit a two-year high as lower prices boosted demand, suggesting strong physical buying support in a key market. China’s June gold imports hit fresh two-year high of 173 tonnes as lower prices boost demand
• Positive Sentiment: Gold is rebounding as Treasury yields ease, which typically supports non-yielding assets like bullion. Gold (XAUUSD), Silver, Platinum Forecasts – Gold Rebounds As Oil Prices Pull Back
• Positive Sentiment: Gold briefly spiked to around $4,070/oz after U.S. housing data missed expectations, reinforcing demand for safe-haven assets. Spot gold spikes to $4,070/oz high as U.S. new home sales rise 1.6% in June
• Neutral Sentiment: Despite the support, gold remains capped by firm Treasury yields, a resilient U.S. economy, and a stronger dollar, limiting the near-term upside for GLDM. Gold stuck in neutral as S&P Global highlights healthy US PMI activity
• Negative Sentiment: Several reports warn that gold has struggled to hold gains above $4,100/oz, leaving the metal vulnerable to further consolidation or downside if rates stay elevated. Investors should still hold a modest amount of gold – BlackRock’s Koesterich
• Negative Sentiment: Late-session selling on Thursday was driven by higher yields and a firmer U.S. dollar, both of which pressured gold prices and can weigh on the ETF. Gold falls as oil spike, higher yields pressure metals – Kitco PM Report

SPDR Gold MiniShares Trust Stock Performance

SPDR Gold MiniShares Trust stock opened at $80.19 on Friday. SPDR Gold MiniShares Trust has a 1-year low of $64.71 and a 1-year high of $109.74. The stock’s 50 day moving average price is $83.69 and its 200 day moving average price is $91.32.

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.