SPDR Gold MiniShares Trust $GLDM Holdings Reduced by Roan Capital Partners

Roan Capital Partners trimmed its holdings in SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 23.9% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 61,544 shares of the company’s stock after selling 19,286 shares during the quarter. SPDR Gold MiniShares Trust makes up approximately 4.1% of Roan Capital Partners’ holdings, making the stock its 7th biggest position. Roan Capital Partners’ holdings in SPDR Gold MiniShares Trust were worth $4,888,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of GLDM. PNC Financial Services Group Inc. lifted its holdings in shares of SPDR Gold MiniShares Trust by 288.4% in the first quarter. PNC Financial Services Group Inc. now owns 268 shares of the company’s stock worth $25,000 after buying an additional 199 shares in the last quarter. HHM Wealth Advisors LLC grew its stake in SPDR Gold MiniShares Trust by 236.7% during the first quarter. HHM Wealth Advisors LLC now owns 303 shares of the company’s stock valued at $28,000 after acquiring an additional 213 shares in the last quarter. Godfrey Financial Associates Inc. bought a new stake in SPDR Gold MiniShares Trust in the 4th quarter valued at $26,000. Root Financial Partners LLC lifted its stake in SPDR Gold MiniShares Trust by 548.2% in the 4th quarter. Root Financial Partners LLC now owns 363 shares of the company’s stock worth $31,000 after purchasing an additional 307 shares in the last quarter. Finally, Networth Advisors LLC bought a new position in shares of SPDR Gold MiniShares Trust during the 4th quarter valued at about $33,000.

More SPDR Gold MiniShares Trust News

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

• Positive Sentiment: A weak U.S. jobs report showing a loss of 23,000 positions in July increased expectations that the Federal Reserve may adopt a more dovish stance. Lower rate expectations, Treasury yields and the dollar generally support non-yielding gold. Gold prices surging higher as U.S. economy loses 23k jobs in July
• Positive Sentiment: Gold broke above a prolonged consolidation range after repeatedly testing support near $4,000 an ounce. Technical analysts see potential for additional gains toward major resistance around $4,382-$4,392 and possibly $4,494. Gold (XAU/USD) Price Forecast: Breakout Builds Toward Key Resistance
• Positive Sentiment: Central-bank demand remains supportive: the People’s Bank of China made its largest monthly gold purchase since 2023 and has now bought bullion for 21 consecutive months. Gold-backed ETFs also recorded net inflows in July after two months of withdrawals. PBOC boosts gold buying with largest monthly purchase since 2023
• Positive Sentiment: Investors are increasing bullish exposure, with traders reportedly spending about $180 million on gold call options. Analysts at BNP Paribas also see room for gold to reach $5,000 if pressure on the Fed contributes to further dollar weakness. Gold bugs spend $180 million betting all’s clear for metal as bond yields stall

SPDR Gold MiniShares Trust Stock Performance

Shares of SPDR Gold MiniShares Trust stock opened at $85.95 on Friday. SPDR Gold MiniShares Trust has a twelve month low of $65.64 and a twelve month high of $109.74. The business has a 50-day moving average price of $82.16 and a 200-day moving average price of $90.75.

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.