Great Valley Advisor Group Inc. Sells 84,351 Shares of SPDR Gold MiniShares Trust $GLDM

Great Valley Advisor Group Inc. trimmed its position in SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 9.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 805,363 shares of the company’s stock after selling 84,351 shares during the quarter. SPDR Gold MiniShares Trust comprises about 1.3% of Great Valley Advisor Group Inc.’s investment portfolio, making the stock its 11th biggest position. Great Valley Advisor Group Inc. owned about 0.26% of SPDR Gold MiniShares Trust worth $68,753,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in GLDM. Accredited Wealth Management LLC increased its stake in 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 acquiring an additional 218 shares during the last quarter. Godfrey Financial Associates Inc. bought a new position in shares of SPDR Gold MiniShares Trust during the fourth quarter valued at approximately $26,000. Root Financial Partners LLC grew its stake in shares of SPDR Gold MiniShares Trust by 548.2% during the fourth quarter. Root Financial Partners LLC now owns 363 shares of the company’s stock valued at $31,000 after buying an additional 307 shares during the last quarter. Networth Advisors LLC bought a new position in shares of SPDR Gold MiniShares Trust during the fourth quarter valued at approximately $33,000. Finally, Gould Capital LLC grew its stake 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 valued at $39,000 after buying an additional 408 shares during the last quarter.

SPDR Gold MiniShares Trust News Roundup

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

• Positive Sentiment: Some traders see gold nearing major long-term support around $4,000 an ounce, with a possible technical rebound if buyers defend that level. Gold (XAU/USD) Price Forecast: Undercut Setup Signals Potential Bottom
• Positive Sentiment: Analysts said gold’s long-term bull market may still be intact despite the recent selloff, arguing that a drop below $4,000 would not necessarily break the broader trend. Don’t fear a drop below $4,000, gold’s bull market isnt broken
• Positive Sentiment: Gold is showing signs of a rebound attempt after the recent sharp selloff, with dip-buyers also appearing in silver and platinum. Gold, Silver, Platinum Forecasts – Gold Attempts To Rebound After Strong Sell-Off
• Neutral Sentiment: Gold is extremely volatile near critical support, with traders watching whether $4,000 holds or breaks, which could determine the next major move. Precious metals traders prepare to defend $4,000 gold
• Neutral Sentiment: Some market commentary says gold may be forming a short-term bottom after testing major support, though downside risk remains if that level fails. Gold (XAU/USD) Price Forecast: Undercut Setup Signals Potential Bottom
• Negative Sentiment: Hot U.S. CPI and PPI reports reinforced expectations that the Fed may keep rates higher for longer, pushing the dollar and yields up and weighing on gold. Gold slumps to 6-month low even as inflation fears rise
• Negative Sentiment: Technical damage has deepened after gold broke below key moving averages and support levels, raising the risk of further downside if buyers do not step in soon. Gold (XAU/USD) Price Forecast: Bearish Breakdown Signals Trend Shift Risk

SPDR Gold MiniShares Trust Trading Up 3.0%

Shares of NYSEARCA GLDM opened at $83.23 on Friday. The stock has a 50 day moving average price of $91.06 and a 200 day moving average price of $92.18. SPDR Gold MiniShares Trust has a 52-week low of $64.46 and a 52-week 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.