SPDR Gold MiniShares Trust $GLDM Shares Sold by Upper Left Wealth Management LLC

Upper Left Wealth Management LLC lowered its stake in SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 14.8% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 63,200 shares of the company’s stock after selling 11,015 shares during the quarter. SPDR Gold MiniShares Trust makes up approximately 3.5% of Upper Left Wealth Management LLC’s investment portfolio, making the stock its 8th largest position. Upper Left Wealth Management LLC’s holdings in SPDR Gold MiniShares Trust were worth $5,858,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Spectrum Planning & Advisory Services Inc. lifted its stake in SPDR Gold MiniShares Trust by 8.3% in the 1st quarter. Spectrum Planning & Advisory Services Inc. now owns 6,891 shares of the company’s stock valued at $639,000 after purchasing an additional 528 shares during the last quarter. Sheets Smith Wealth Management grew its stake in shares of SPDR Gold MiniShares Trust by 20.0% during the first quarter. Sheets Smith Wealth Management now owns 12,335 shares of the company’s stock worth $1,143,000 after buying an additional 2,052 shares during the last quarter. Kavar Capital Partners Group LLC bought a new stake in shares of SPDR Gold MiniShares Trust during the first quarter worth $210,000. Paladin Wealth LLC increased its holdings in shares of SPDR Gold MiniShares Trust by 9.5% during the first quarter. Paladin Wealth LLC now owns 20,017 shares of the company’s stock worth $1,855,000 after buying an additional 1,729 shares in the last quarter. Finally, McAlvany Wealth Management LLC acquired a new position in shares of SPDR Gold MiniShares Trust during the fourth quarter worth $13,788,000.

SPDR Gold MiniShares Trust News Roundup

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

• Neutral Sentiment: Gold’s long-term bull case remains intact for some analysts, with central bank buying and portfolio diversification supporting demand over time. Gold’s bull market remains intact even with a hawkish Fed, says Axel Merk
• Neutral Sentiment: Some strategists say gold ETF investors can view the recent pullback as a buying opportunity, but the near-term trend is still volatile. Gold prices are down but SocGen is buying the dip
• Neutral Sentiment: Gold and silver remain under technical pressure as traders focus on hawkish Fed policy and key support levels. Gold (XAUUSD), Silver, Platinum Forecasts – Gold Tests New Lows As Traders Focus On Hawkish Fed Policy Outlook
• Negative Sentiment: The hawkish Fed is keeping pressure on spot gold, with lower prices and softer physical premiums signaling reduced near-term support. Hawkish Fed keeps pressure on gold as physical premiums soften – Kitco PM Report
• Negative Sentiment: Gold prices are being weighed down by a stronger dollar and higher Treasury yields after the Fed’s hawkish shift. Gold Falls as Hawkish Fed Outweighs U.S.-Iran Deal Relief

SPDR Gold MiniShares Trust Stock Performance

Shares of GLDM opened at $83.44 on Monday. SPDR Gold MiniShares Trust has a 52 week low of $64.46 and a 52 week high of $109.74. The stock has a fifty day moving average of $90.00 and a 200-day moving average of $92.25.

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.