SPDR Gold MiniShares Trust $GLDM Position Lowered by Harbor Investment Advisory LLC

Harbor Investment Advisory LLC reduced its position in SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 7.0% during the 1st quarter, HoldingsChannel.com reports. The firm owned 170,467 shares of the company’s stock after selling 12,879 shares during the quarter. SPDR Gold MiniShares Trust makes up approximately 1.2% of Harbor Investment Advisory LLC’s investment portfolio, making the stock its 10th biggest position. Harbor Investment Advisory LLC’s holdings in SPDR Gold MiniShares Trust were worth $15,801,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. AQR Capital Management LLC lifted its position 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 valued at $1,488,000 after buying an additional 11,428 shares in the last quarter. Walleye Capital LLC purchased a new stake in SPDR Gold MiniShares Trust during the second quarter worth approximately $210,000. Jump Financial LLC increased its position in shares of SPDR Gold MiniShares Trust by 1.3% in the second quarter. Jump Financial LLC now owns 42,431 shares of the company’s stock worth $2,780,000 after acquiring an additional 530 shares in the last quarter. State Street Corp increased its position in shares of SPDR Gold MiniShares Trust by 0.3% in 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 in the last quarter. Finally, NewEdge Advisors LLC increased its position in shares of SPDR Gold MiniShares Trust by 82.1% in 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 in the last quarter.

SPDR Gold MiniShares Trust Price Performance

Shares of GLDM stock opened at $79.42 on Wednesday. The company’s fifty day simple moving average is $87.97 and its 200-day simple moving average is $92.10. SPDR Gold MiniShares Trust has a 52 week low of $64.71 and a 52 week high of $109.74.

SPDR Gold MiniShares Trust News Roundup

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

• Positive Sentiment: Some analysts say the recent correction in gold is a buying opportunity, with central banks and governments still likely to support higher gold prices over time. Gold’s correction is a buying opportunity as governments won’t tolerate economic pain – Waratah Capital’s Dunkley
• Positive Sentiment: Gold is still seeing evidence of support near key technical levels, with some forecasts calling for a short-term bottom and a rebound attempt. Gold (XAU/USD) Price Forecast: Bullish Hammer Signals Potential Bottom
• Positive Sentiment: Central banks remain constructive on gold, with an OMFIF survey suggesting official institutions expect significantly higher gold prices over the next 12 months. Central banks see gold prices trading between $5,000 and $6,000 in 12 months – OMFIF Survey
• Neutral Sentiment: Some commentary says gold is rebounding from multi-month lows, but the move is still fragile and depends on whether support near $4,000 holds. Gold (XAUUSD), Silver, Platinum Forecasts – Gold Rebounds From Multi-Month Lows
• Neutral Sentiment: Gold prices remain highly sensitive to upcoming U.S. labor data and Fed-related rate expectations, leaving near-term direction uncertain. Gold (XAUUSD) Price Forecast: Will Warsh and NFP Trigger Gold’s Next Major Move?
• Negative Sentiment: Recent reports say stronger U.S. labor data, firmer Treasury yields, and a hawkish Fed repricing have pressured gold lower, which can weigh on GLDM. Silver firms while gold fades as Fed risk caps rebound – Kitco PM Report
• Negative Sentiment: Several market notes warn that gold could remain under pressure if the dollar stays strong and traders continue pricing in more Fed tightening risk. Gold Declines, Likely Weighed by Hawkish Dollar Repricing

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.