SPDR Gold MiniShares Trust $GLDM Shares Sold by Kestra Advisory Services LLC

Kestra Advisory Services LLC decreased its stake in SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 14.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 220,730 shares of the company’s stock after selling 38,148 shares during the period. Kestra Advisory Services LLC owned 0.06% of SPDR Gold MiniShares Trust worth $18,140,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Diversify Advisory Services LLC boosted its holdings in shares of SPDR Gold MiniShares Trust by 31.1% during the third quarter. Diversify Advisory Services LLC now owns 832,066 shares of the company’s stock valued at $68,720,000 after acquiring an additional 197,367 shares during the period. Integrated Wealth Concepts LLC grew its position in shares of SPDR Gold MiniShares Trust by 86.5% during the second quarter. Integrated Wealth Concepts LLC now owns 25,798 shares of the company’s stock worth $2,049,000 after acquiring an additional 11,966 shares during the last quarter. Financial Enhancement Group LLC grew its position in shares of SPDR Gold MiniShares Trust by 117.8% during the third quarter. Financial Enhancement Group LLC now owns 108,686 shares of the company’s stock worth $8,816,000 after acquiring an additional 58,787 shares during the last quarter. Farther Finance Advisors LLC grew its position in shares of SPDR Gold MiniShares Trust by 64.4% during the third quarter. Farther Finance Advisors LLC now owns 1,188,672 shares of the company’s stock worth $97,685,000 after acquiring an additional 465,716 shares during the last quarter. Finally, IFP Advisors Inc grew its position in shares of SPDR Gold MiniShares Trust by 24.6% during the third quarter. IFP Advisors Inc now owns 33,846 shares of the company’s stock worth $2,781,000 after acquiring an additional 6,688 shares during the last quarter.

SPDR Gold MiniShares Trust Price Performance

GLDM stock opened at $80.41 on Monday. SPDR Gold MiniShares Trust has a fifty-two week low of $76.54 and a fifty-two week high of $109.74. The firm’s 50-day simple moving average is $83.07 and its 200 day simple moving average is $88.72.

SPDR Gold MiniShares Trust News Roundup

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

• Positive Sentiment: Some analysts see gold’s technical breakout as a possible end to its recent correction. A weaker dollar tied to expectations of increased government spending could also support bullion. Gold breakout forecast Spending plans and the dollar
• Positive Sentiment: Gold recovered some ground after preliminary U.S. consumer sentiment beat expectations and inflation expectations eased, offering support to bullion. Consumer sentiment and gold
• Neutral Sentiment: The outlook remains sensitive to Federal Reserve policy and presidential actions; traders are watching for clues on the Fed’s next decision. Gold, the dollar and policy uncertainty
• Negative Sentiment: October payrolls rose by 165,000, stronger than expected, lifting the dollar and reinforcing concern that interest rates may stay higher. Higher real yields raise the opportunity cost of holding non-yielding gold. Gold retreats after payrolls
• Negative Sentiment: Gold’s recovery is being tested near the $4,000-per-ounce support level. A decisive break below it could bring further downside, while elevated yields remain a headwind. Gold weekly forecast and support levels

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.