First Heartland Consultants Inc. Boosts Stake in SPDR Gold MiniShares Trust $GLDM

First Heartland Consultants Inc. lifted its position in SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 93.5% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 15,587 shares of the company’s stock after purchasing an additional 7,532 shares during the quarter. First Heartland Consultants Inc.’s holdings in SPDR Gold MiniShares Trust were worth $1,238,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the company. AQR Capital Management LLC lifted its stake in SPDR Gold MiniShares Trust by 90.6% in the first quarter. AQR Capital Management LLC now owns 24,046 shares of the company’s stock valued at $1,488,000 after buying an additional 11,428 shares during the last quarter. Walleye Capital LLC purchased a new position in shares of SPDR Gold MiniShares Trust during the second quarter worth approximately $210,000. Jump Financial LLC increased its holdings in shares of SPDR Gold MiniShares Trust by 1.3% in the 2nd quarter. Jump Financial LLC now owns 42,431 shares of the company’s stock valued at $2,780,000 after acquiring an additional 530 shares during the period. State Street Corp increased its holdings in shares of SPDR Gold MiniShares Trust by 0.3% in the 2nd quarter. State Street Corp now owns 2,695,268 shares of the company’s stock valued at $176,594,000 after acquiring an additional 8,380 shares during the period. Finally, NewEdge Advisors LLC raised its position in SPDR Gold MiniShares Trust by 82.1% in the 2nd quarter. NewEdge Advisors LLC now owns 152,610 shares of the company’s stock valued at $9,999,000 after purchasing an additional 68,786 shares during the last quarter.

Key SPDR Gold MiniShares Trust News

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

• Positive Sentiment: A weak U.S. jobs report showing a loss of 23,000 positions in July increased expectations that the Federal Reserve may adopt a more dovish stance. Lower rate expectations, Treasury yields and the dollar generally support non-yielding gold. Gold prices surging higher as U.S. economy loses 23k jobs in July
• Positive Sentiment: Gold broke above a prolonged consolidation range after repeatedly testing support near $4,000 an ounce. Technical analysts see potential for additional gains toward major resistance around $4,382-$4,392 and possibly $4,494. Gold (XAU/USD) Price Forecast: Breakout Builds Toward Key Resistance
• Positive Sentiment: Central-bank demand remains supportive: the People’s Bank of China made its largest monthly gold purchase since 2023 and has now bought bullion for 21 consecutive months. Gold-backed ETFs also recorded net inflows in July after two months of withdrawals. PBOC boosts gold buying with largest monthly purchase since 2023
• Positive Sentiment: Investors are increasing bullish exposure, with traders reportedly spending about $180 million on gold call options. Analysts at BNP Paribas also see room for gold to reach $5,000 if pressure on the Fed contributes to further dollar weakness. Gold bugs spend $180 million betting all’s clear for metal as bond yields stall

SPDR Gold MiniShares Trust Trading Up 2.3%

Shares of NYSEARCA:GLDM opened at $85.95 on Friday. The firm has a fifty day moving average price of $82.16 and a 200 day moving average price of $90.75. SPDR Gold MiniShares Trust has a 1-year low of $65.64 and a 1-year high of $109.74.

SPDR Gold MiniShares Trust Company 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.