Wilkerson Advisory Group LLC Sells 8,270 Shares of SPDR Gold MiniShares Trust $GLDM

Wilkerson Advisory Group LLC lessened its position in shares of SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 8.2% during the 1st quarter, HoldingsChannel reports. The fund owned 92,824 shares of the company’s stock after selling 8,270 shares during the quarter. SPDR Gold MiniShares Trust accounts for about 3.0% of Wilkerson Advisory Group LLC’s investment portfolio, making the stock its 11th largest holding. Wilkerson Advisory Group LLC’s holdings in SPDR Gold MiniShares Trust were worth $8,604,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in GLDM. HHM Wealth Advisors LLC increased its position in SPDR Gold MiniShares Trust by 236.7% in the first quarter. HHM Wealth Advisors LLC now owns 303 shares of the company’s stock worth $28,000 after purchasing an additional 213 shares during the period. Godfrey Financial Associates Inc. bought a new stake in SPDR Gold MiniShares Trust during the 4th quarter worth about $26,000. Root Financial Partners LLC lifted its position in SPDR Gold MiniShares Trust by 548.2% during the 4th 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 acquired a new position in SPDR Gold MiniShares Trust during the 4th quarter valued at about $33,000. Finally, Gould Capital LLC boosted its stake in shares of SPDR Gold MiniShares Trust by 377.8% in the 3rd 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 last quarter.

SPDR Gold MiniShares Trust Stock Down 0.2%

Shares of NYSEARCA GLDM opened at $79.27 on Tuesday. SPDR Gold MiniShares Trust has a 1 year low of $64.71 and a 1 year high of $109.74. The firm’s 50-day moving average is $84.60 and its 200-day moving average is $91.50.

Key Stories Impacting SPDR Gold MiniShares Trust

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

• Positive Sentiment: Gold is being supported by continued physical demand, especially in China, along with central bank buying, which could help stabilize prices. Gold Edges Higher; Physical Demand Continues to Support
• Positive Sentiment: Sprott’s Paul Wong said gold looks “massively oversold” and could form a cyclical bottom before September, with the debasement trade still intact as a longer-term bullish theme. Gold is oversold, the debasement trade is still on, and the pressure is building – Sprott’s Paul Wong
• Positive Sentiment: Geopolitical risk and Middle East tensions are still seen as a source of safe-haven demand for gold, even as rate pressures dominate near term. Gold (XAUUSD) & Silver Price Forecast: Middle East Risks Support Gold Is a Breakout Coming?
• Neutral Sentiment: Gold is consolidating as traders weigh whether rising oil prices will lift inflation and change the Federal Reserve outlook, leaving the next move uncertain. Gold (XAUUSD) Price Forecast: Gold Consolidates as Oil Clouds Fed Outlook
• Negative Sentiment: Multiple market updates said higher Treasury yields, a stronger dollar, and higher-for-longer Fed expectations are pressuring gold, which is the biggest near-term headwind for GLDM. Gold (XAUUSD), Silver, Platinum Forecasts – Gold Remains Stuck Near $4000 As Treasury Yields Rise
• Negative Sentiment: Analysts also warned that interest rates remain the key driver for precious metals, with gold facing downside risk despite Middle East escalation. Despite Middle East escalation, interest rates remain the key price driver for gold and silver – StoneX
• Negative Sentiment: Late-Sunday and Monday updates also described gold and silver as facing bearish momentum near support as rate expectations and oil-related inflation concerns weighed on sentiment. Gold Falls Amid Higher-For-Longer Interest-Rate Expectations

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.