SPDR Gold MiniShares Trust $GLDM Shares Sold by J.W. Cole Advisors Inc.

J.W. Cole Advisors Inc. lowered its holdings in SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 44.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,952 shares of the company’s stock after selling 8,118 shares during the period. J.W. Cole Advisors Inc.’s holdings in SPDR Gold MiniShares Trust were worth $785,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Accredited Wealth Management LLC grew its position in shares of SPDR Gold MiniShares Trust by 174.4% in the third quarter. Accredited Wealth Management LLC now owns 343 shares of the company’s stock valued at $26,000 after purchasing an additional 218 shares during the period. Godfrey Financial Associates Inc. purchased a new stake in shares of SPDR Gold MiniShares Trust in the fourth quarter valued at $26,000. Root Financial Partners LLC grew its position in shares of SPDR Gold MiniShares Trust by 548.2% in the fourth quarter. Root Financial Partners LLC now owns 363 shares of the company’s stock valued at $31,000 after purchasing an additional 307 shares during the period. Networth Advisors LLC purchased a new stake in shares of SPDR Gold MiniShares Trust in the fourth quarter valued at $33,000. Finally, Gould Capital LLC grew its position in shares of SPDR Gold MiniShares Trust by 377.8% in the third quarter. Gould Capital LLC now owns 516 shares of the company’s stock valued at $39,000 after purchasing an additional 408 shares during the period.

SPDR Gold MiniShares Trust Stock Down 4.1%

Shares of NYSEARCA:GLDM opened at $80.77 on Thursday. SPDR Gold MiniShares Trust has a 52 week low of $64.46 and a 52 week high of $109.74. The business has a fifty day simple moving average of $91.25 and a 200-day simple moving average of $92.16.

SPDR Gold MiniShares Trust News Roundup

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

• Neutral Sentiment: Some analysts still see long-term support for gold, citing central bank buying and the possibility that the broader bull market remains intact despite the recent correction.
• Negative Sentiment: Gold has broken below key technical levels, including the 200-day moving average and prior swing lows, signaling more downside risk and weakening near-term momentum. Gold (XAU/USD) Price Forecast: Bearish Breakdown Signals Trend Shift Risk
• Negative Sentiment: Hot U.S. CPI data reinforced expectations that the Federal Reserve may keep rates restrictive for longer, pressuring gold and related ETFs lower. Gold (XAUUSD) Price Forecast: Gold Price Tumbles as Hot CPI Reinforces Fed Rate Hike Path
• Negative Sentiment: Market commentary across multiple outlets says gold is likely to remain weak in the near term, with traders warning the selloff could continue if yields stay elevated and rate-hike odds rise.

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.