Chatterton & Associates Inc. Sells 36,900 Shares of SPDR Gold MiniShares Trust $GLDM

Chatterton & Associates Inc. cut its position in shares of SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 38.8% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 58,151 shares of the company’s stock after selling 36,900 shares during the quarter. SPDR Gold MiniShares Trust accounts for 3.9% of Chatterton & Associates Inc.’s portfolio, making the stock its 3rd largest position. Chatterton & Associates Inc.’s holdings in SPDR Gold MiniShares Trust were worth $5,488,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Verus Capital Partners LLC boosted its stake in SPDR Gold MiniShares Trust by 1.1% during the fourth quarter. Verus Capital Partners LLC now owns 10,046 shares of the company’s stock valued at $858,000 after buying an additional 111 shares in the last quarter. U.S. Capital Wealth Advisors LLC raised its position in SPDR Gold MiniShares Trust by 0.8% in the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 14,147 shares of the company’s stock worth $1,208,000 after acquiring an additional 112 shares in the last quarter. Absolute Capital Management LLC lifted its holdings in SPDR Gold MiniShares Trust by 2.3% in the 4th quarter. Absolute Capital Management LLC now owns 4,956 shares of the company’s stock valued at $423,000 after acquiring an additional 112 shares during the last quarter. One Charles Private Wealth Services LLC lifted its holdings in SPDR Gold MiniShares Trust by 0.5% in the 4th quarter. One Charles Private Wealth Services LLC now owns 25,976 shares of the company’s stock valued at $2,218,000 after acquiring an additional 120 shares during the last quarter. Finally, Waterloo Capital L.P. boosted its position in shares of SPDR Gold MiniShares Trust by 0.9% during the 4th quarter. Waterloo Capital L.P. now owns 14,003 shares of the company’s stock valued at $1,195,000 after purchasing an additional 121 shares in the last quarter.

SPDR Gold MiniShares Trust Stock Performance

Shares of NYSEARCA:GLDM opened at $78.89 on Thursday. SPDR Gold MiniShares Trust has a 1-year low of $64.46 and a 1-year high of $109.74. The company has a 50 day moving average price of $89.22 and a 200 day moving average price of $92.20.

SPDR Gold MiniShares Trust News Roundup

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

• Positive Sentiment: Some analysts say the pullback may be creating a more attractive long-term entry point, arguing that gold’s broader bull market could still be intact despite the correction. Article Title
• Positive Sentiment: China’s gold imports hit a 26-month high in May, showing strong physical demand from the world’s largest bullion market. Article Title
• Neutral Sentiment: Several market commentators note that gold has fallen below the $4,000 level and is testing major technical support, with traders watching for either a rebound or a deeper correction. Article Title
• Neutral Sentiment: Some analysts say the current selloff is painful but may still fit within a larger secular bull market rather than signaling a long-term top. Article Title
• Negative Sentiment: Gold has broken below long-term trendline support and key Fibonacci levels, increasing the risk of further downside for bullion-backed funds. Article Title
• Negative Sentiment: Rising U.S. bond yields, dollar strength, and Fed rate-hike expectations have prompted multiple banks to cut gold forecasts, reinforcing bearish sentiment in the near term. Article Title

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.