SPDR Gold MiniShares Trust $GLDM Stock Holdings Lowered by Astoria Portfolio Advisors LLC.

Astoria Portfolio Advisors LLC. cut its holdings in shares of SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 44.7% in the 1st quarter, Holdings Channel reports. The firm owned 10,539 shares of the company’s stock after selling 8,527 shares during the period. Astoria Portfolio Advisors LLC.’s holdings in SPDR Gold MiniShares Trust were worth $976,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. Bravias Capital Group LLC grew its position in SPDR Gold MiniShares Trust by 3.2% in the first quarter. Bravias Capital Group LLC now owns 25,566 shares of the company’s stock worth $2,370,000 after buying an additional 793 shares during the last quarter. World Investment Advisors raised its position in shares of SPDR Gold MiniShares Trust by 14.0% during the first quarter. World Investment Advisors now owns 8,222 shares of the company’s stock worth $762,000 after purchasing an additional 1,012 shares during the period. DeDora Capital Inc. raised its position in shares of SPDR Gold MiniShares Trust by 25.4% during the first quarter. DeDora Capital Inc. now owns 68,561 shares of the company’s stock worth $6,355,000 after purchasing an additional 13,897 shares during the period. Patten Group Inc. lifted its holdings in shares of SPDR Gold MiniShares Trust by 3.1% during the first quarter. Patten Group Inc. now owns 53,559 shares of the company’s stock valued at $4,964,000 after purchasing an additional 1,624 shares during the last quarter. Finally, Able Wealth Management LLC lifted its holdings in shares of SPDR Gold MiniShares Trust by 89.3% during the first quarter. Able Wealth Management LLC now owns 12,688 shares of the company’s stock valued at $1,176,000 after purchasing an additional 5,985 shares during the last quarter.

Key Headlines Impacting SPDR Gold MiniShares Trust

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

• Positive Sentiment: Gold prices jumped after the weak U.S. employment report, which pressured the dollar and lifted expectations that the Fed may not hike rates soon. Gold and silver hold post-NFP gains as hike bets move out – Kitco PM Report
• Positive Sentiment: Gold regained technical support levels and is showing signs of recovery, suggesting momentum may be stabilizing after the recent pullback. Gold (XAU/USD) Price Forecast: Above Trendline Signals Recovery
• Positive Sentiment: Central banks bought a net 41 tonnes of gold in May, reinforcing the longer-term demand backdrop for the metal. Central banks boost gold reserves with net 41 tonnes purchased in May – World Gold Council
• Positive Sentiment: HSBC and State Street both pointed to continued upside for gold, citing central bank buying, ETF inflows, and diversification demand as structural supports. ‘We anticipate further upside for gold by year-end’ – HSBC’s Sels and Ku
• Positive Sentiment: Analysts say gold is near fair value and could be setting up for another leg higher, while State Street’s base case sees gold reaching as high as $5,500/oz by early 2027. State Street’s baseline scenario sees gold price as high as $5,500/oz by Q1 2027

SPDR Gold MiniShares Trust Stock Performance

NYSEARCA:GLDM opened at $81.54 on Friday. SPDR Gold MiniShares Trust has a 1-year low of $64.71 and a 1-year high of $109.74. The stock has a fifty day simple moving average of $87.19 and a 200 day simple moving average of $91.97.

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.