Mission Wealth Management LP Reduces Stock Position in SPDR Gold MiniShares Trust $GLDM

Mission Wealth Management LP decreased its holdings in shares of SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 17.4% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 27,438 shares of the company’s stock after selling 5,771 shares during the quarter. Mission Wealth Management LP’s holdings in SPDR Gold MiniShares Trust were worth $2,342,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Accredited Wealth Management LLC boosted its holdings in shares of SPDR Gold MiniShares Trust by 174.4% during the third quarter. Accredited Wealth Management LLC now owns 343 shares of the company’s stock worth $26,000 after purchasing an additional 218 shares during the last quarter. Networth Advisors LLC acquired a new stake in shares of SPDR Gold MiniShares Trust during the fourth quarter worth $33,000. Gould Capital LLC boosted its holdings in shares of SPDR Gold MiniShares Trust by 377.8% during the third quarter. Gould Capital LLC now owns 516 shares of the company’s stock worth $39,000 after purchasing an additional 408 shares during the last quarter. EverSource Wealth Advisors LLC boosted its holdings in shares of SPDR Gold MiniShares Trust by 34.6% during the third quarter. EverSource Wealth Advisors LLC now owns 564 shares of the company’s stock worth $43,000 after purchasing an additional 145 shares during the last quarter. Finally, Bogart Wealth LLC boosted its holdings in shares of SPDR Gold MiniShares Trust by 684.3% during the fourth quarter. Bogart Wealth LLC now owns 651 shares of the company’s stock worth $56,000 after purchasing an additional 568 shares during the last quarter.

Key Headlines Impacting SPDR Gold MiniShares Trust

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

• Positive Sentiment: Gold rose in early Asian trading on hopes for a U.S.-Iran peace deal, reflecting ongoing geopolitical uncertainty that can boost demand for safe-haven assets like gold. Gold Rises Amid Hopes for U.S.-Iran Peace Deal
• Positive Sentiment: A pullback in the U.S. dollar helped support gold, since a weaker dollar generally makes bullion more attractive to global buyers. Gold Attempts To Rebound After Pullback
• Positive Sentiment: Gold is still holding key support levels, with central bank buying cited as a longer-term tailwind that can help underpin prices. Gold Holds Support
• Neutral Sentiment: Gold has been trading in a mixed setup, with safe-haven demand offset by higher oil prices, rising yields, and speculation about additional Fed tightening. Gold Price Hold Steadies
• Neutral Sentiment: Broader technical commentary suggests gold remains range-bound for now, with traders watching whether bulls can reclaim higher resistance levels. Gold Price Forecast
• Negative Sentiment: Rising Fed rate expectations and higher Treasury yields have pressured gold recently, because higher interest rates increase the opportunity cost of holding non-yielding bullion. Gold Consolidates; May Be Weighed by Fed Rate-Hike Expectations
• Negative Sentiment: Hot inflation data, stronger yields, and a firmer dollar triggered heavy selling in gold, highlighting a key risk if macro conditions stay hawkish. Gold Price Forecast

SPDR Gold MiniShares Trust Stock Performance

GLDM stock opened at $90.19 on Tuesday. SPDR Gold MiniShares Trust has a 52-week low of $63.71 and a 52-week high of $109.74. The stock’s fifty day simple moving average is $93.64 and its 200-day simple moving average is $91.24.

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.