Upper Left Wealth Management LLC Has $5.86 Million Stake in SPDR Gold MiniShares Trust $GLDM

Upper Left Wealth Management LLC cut its holdings in shares of SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 14.8% during the 1st quarter, Holdings Channel reports. The institutional investor owned 63,200 shares of the company’s stock after selling 11,015 shares during the quarter. SPDR Gold MiniShares Trust comprises about 3.5% of Upper Left Wealth Management LLC’s holdings, making the stock its 8th largest position. Upper Left Wealth Management LLC’s holdings in SPDR Gold MiniShares Trust were worth $5,858,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Spectrum Planning & Advisory Services Inc. raised its stake in shares of SPDR Gold MiniShares Trust by 8.3% during the first quarter. Spectrum Planning & Advisory Services Inc. now owns 6,891 shares of the company’s stock valued at $639,000 after acquiring an additional 528 shares during the last quarter. Sheets Smith Wealth Management lifted its holdings in shares of SPDR Gold MiniShares Trust by 20.0% during the first quarter. Sheets Smith Wealth Management now owns 12,335 shares of the company’s stock worth $1,143,000 after purchasing an additional 2,052 shares during the period. Kavar Capital Partners Group LLC bought a new stake in shares of SPDR Gold MiniShares Trust in the first quarter worth $210,000. Paladin Wealth LLC grew its stake in shares of SPDR Gold MiniShares Trust by 9.5% in the first quarter. Paladin Wealth LLC now owns 20,017 shares of the company’s stock worth $1,855,000 after purchasing an additional 1,729 shares during the last quarter. Finally, McAlvany Wealth Management LLC acquired a new stake in SPDR Gold MiniShares Trust in the fourth quarter valued at $13,788,000.

More SPDR Gold MiniShares Trust News

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

• Neutral Sentiment: Gold’s long-term bull case remains intact for some analysts, with central bank buying and portfolio diversification supporting demand over time. Gold’s bull market remains intact even with a hawkish Fed, says Axel Merk
• Neutral Sentiment: Some strategists say gold ETF investors can view the recent pullback as a buying opportunity, but the near-term trend is still volatile. Gold prices are down but SocGen is buying the dip
• Neutral Sentiment: Gold and silver remain under technical pressure as traders focus on hawkish Fed policy and key support levels. Gold (XAUUSD), Silver, Platinum Forecasts – Gold Tests New Lows As Traders Focus On Hawkish Fed Policy Outlook
• Negative Sentiment: The hawkish Fed is keeping pressure on spot gold, with lower prices and softer physical premiums signaling reduced near-term support. Hawkish Fed keeps pressure on gold as physical premiums soften – Kitco PM Report
• Negative Sentiment: Gold prices are being weighed down by a stronger dollar and higher Treasury yields after the Fed’s hawkish shift. Gold Falls as Hawkish Fed Outweighs U.S.-Iran Deal Relief

SPDR Gold MiniShares Trust Stock Performance

NYSEARCA GLDM opened at $83.44 on Monday. SPDR Gold MiniShares Trust has a twelve month low of $64.46 and a twelve month high of $109.74. The stock has a fifty day simple moving average of $90.00 and a 200 day simple moving average of $92.25.

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.