IMC Chicago LLC Buys Shares of 84,600 SPDR Gold MiniShares Trust $GLDM

IMC Chicago LLC purchased a new position in shares of SPDR Gold MiniShares Trust (NYSEARCA:GLDM) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 84,600 shares of the company’s stock, valued at approximately $7,842,000.

A number of other large investors also recently added to or reduced their stakes in GLDM. Collaborative Wealth Managment Inc. grew its stake in shares of SPDR Gold MiniShares Trust by 18.5% in the first quarter. Collaborative Wealth Managment Inc. now owns 38,379 shares of the company’s stock valued at $3,557,000 after buying an additional 5,981 shares in the last quarter. Sigma Planning Corp raised its holdings in shares of SPDR Gold MiniShares Trust by 96.0% in the 1st quarter. Sigma Planning Corp now owns 19,363 shares of the company’s stock valued at $1,795,000 after buying an additional 9,486 shares during the period. Nwam LLC lifted its stake in SPDR Gold MiniShares Trust by 7.4% during the 1st quarter. Nwam LLC now owns 15,883 shares of the company’s stock worth $1,472,000 after acquiring an additional 1,092 shares in the last quarter. AMG National Trust Bank lifted its stake in SPDR Gold MiniShares Trust by 7.4% during the 1st quarter. AMG National Trust Bank now owns 64,085 shares of the company’s stock worth $5,940,000 after acquiring an additional 4,402 shares in the last quarter. Finally, Chicago Partners Investment Group LLC purchased a new position in SPDR Gold MiniShares Trust during the 1st quarter valued at about $252,000.

Key Stories Impacting SPDR Gold MiniShares Trust

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

• Positive Sentiment: Gold benefited from softer U.S. consumer and producer inflation data, which pressured yields and the dollar and improved the outlook for non-yielding assets like gold. Gold edges higher, silver slips as oil keeps inflation risk alive – Kitco PM Report
• Positive Sentiment: Geopolitical and oil-market risks are keeping inflation concerns alive, which can support safe-haven demand for gold. Gold steadies above $4,000 as PPI cools, yields rise – Kitco AM Report
• Positive Sentiment: Several strategists said central bank buying and policy uncertainty remain supportive for gold, even as the metal consolidates below resistance. Gold (XAUUSD) & Silver Price Forecast: Is $4,000 Gold’s Next Bounce or Breakdown?
• Neutral Sentiment: Gold is still facing resistance around the $4,100 area, suggesting the recent rebound may need stronger momentum to extend further. Gold holds firm above $4,000 as investors look beyond inflation fears – Saxo’s Hansen
• Neutral Sentiment: Technical commentary remains mixed, with some forecasts warning that gold is still trapped below resistance while others see signs of a possible reversal. Gold (XAU/USD) Price Forecast: Can Gold Break Out Above Key Resistance?
• Negative Sentiment: Higher Treasury yields at times continue to cap gold’s upside, which can weigh on GLDM if rates keep climbing. Gold Flat Amid Rising Oil Prices

SPDR Gold MiniShares Trust Stock Down 0.0%

NYSEARCA GLDM opened at $80.24 on Thursday. The stock has a 50-day moving average of $85.45 and a two-hundred day moving average of $91.67. SPDR Gold MiniShares Trust has a 1-year low of $64.71 and a 1-year high of $109.74.

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.