Physician Wealth Advisors Inc. Sells 59,918 Shares of SPDR Gold MiniShares Trust $GLDM

Physician Wealth Advisors Inc. lowered its stake in shares of SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 65.5% in the first quarter, Holdings Channel reports. The institutional investor owned 31,558 shares of the company’s stock after selling 59,918 shares during the period. Physician Wealth Advisors Inc.’s holdings in SPDR Gold MiniShares Trust were worth $2,925,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Morgan Stanley increased its holdings in shares of SPDR Gold MiniShares Trust by 22.6% in the 4th quarter. Morgan Stanley now owns 10,562,081 shares of the company’s stock valued at $901,685,000 after acquiring an additional 1,943,672 shares during the period. Wells Fargo & Company MN lifted its stake in shares of SPDR Gold MiniShares Trust by 54.3% during the 4th quarter. Wells Fargo & Company MN now owns 7,913,715 shares of the company’s stock worth $675,594,000 after purchasing an additional 2,785,608 shares during the last quarter. Evoke Wealth LLC boosted its position in SPDR Gold MiniShares Trust by 1.7% during the fourth quarter. Evoke Wealth LLC now owns 7,374,785 shares of the company’s stock valued at $629,586,000 after purchasing an additional 123,123 shares in the last quarter. Bank of America Corp DE boosted its position in SPDR Gold MiniShares Trust by 28.6% during the third quarter. Bank of America Corp DE now owns 7,367,296 shares of the company’s stock valued at $563,230,000 after purchasing an additional 1,636,398 shares in the last quarter. Finally, UBS Group AG boosted its position in SPDR Gold MiniShares Trust by 2.9% during the fourth quarter. UBS Group AG now owns 3,412,428 shares of the company’s stock valued at $291,319,000 after purchasing an additional 96,624 shares in the last quarter.

Key Stories Impacting SPDR Gold MiniShares Trust

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

• Positive Sentiment: Gold rebounded after weaker-than-expected ADP payroll data and softer U.S. manufacturing readings, which pushed traders toward the metal ahead of Friday’s jobs report. Gold trades near session highs after ADP says net 98K jobs were added in June
• Positive Sentiment: Several outlook pieces argued that central-bank buying and long-term investor demand still support gold, with some analysts saying the recent selloff may be a buying opportunity rather than a broken long-term thesis. These are the key factors that could restart the gold rally this year, or drive prices even lower – World Gold Council H2 Outlook
• Positive Sentiment: Gold found support near the $4,000 area and briefly bounced from short-term technical levels, suggesting the market may be stabilizing after the recent decline. Gold (XAU/USD) Price Forecast: Bullish Hammer Signals Potential Bottom
• Neutral Sentiment: ETF-focused commentary noted GLD’s higher expense ratio versus cheaper rivals, which is a reminder that costs can weigh on long-term returns, though this is not a direct catalyst for GLDM today. GLD’s 0.40% Fee Quietly Costs You $40 Per Year on Every $10,000 While Cheaper Rivals Charge Half
• Negative Sentiment: Gold also faced pressure from a firmer U.S. dollar, higher Treasury yields, and worries that the Federal Reserve may stay hawkish longer, all of which can reduce demand for non-yielding bullion. Gold prices fall further after worst quarter in 13 years as interest rate fears hit bullion
• Negative Sentiment: Several market reports said gold remains in a bearish consolidation phase after a steep quarterly drop, showing that the broader trend is still fragile despite the rebound attempts. Gold Holds Steady in Bearish Consolidation Zone

SPDR Gold MiniShares Trust Trading Up 0.6%

GLDM opened at $79.92 on Thursday. The business’s 50-day moving average is $87.66 and its two-hundred day moving average is $92.07. SPDR Gold MiniShares Trust has a 1 year low of $64.71 and a 1 year high of $109.74.

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.