Hegarty Advisors LLC Takes $1.93 Million Position in SPDR Gold MiniShares Trust $GLDM

Hegarty Advisors LLC acquired a new stake in shares of SPDR Gold MiniShares Trust (NYSEARCA:GLDM) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 20,790 shares of the company’s stock, valued at approximately $1,927,000. SPDR Gold MiniShares Trust makes up approximately 1.5% of Hegarty Advisors LLC’s portfolio, making the stock its 21st largest position.

A number of other hedge funds and other institutional investors have also bought and sold shares of GLDM. Silver Oak Securities Incorporated boosted its holdings in SPDR Gold MiniShares Trust by 0.7% in the 1st quarter. Silver Oak Securities Incorporated now owns 14,763 shares of the company’s stock valued at $1,368,000 after purchasing an additional 108 shares during the period. Verus Capital Partners LLC raised its position in shares of SPDR Gold MiniShares Trust by 1.1% in the fourth quarter. Verus Capital Partners LLC now owns 10,046 shares of the company’s stock worth $858,000 after buying an additional 111 shares in the last quarter. U.S. Capital Wealth Advisors LLC raised its position in shares of 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 buying an additional 112 shares in the last quarter. Absolute Capital Management LLC raised its position in shares of SPDR Gold MiniShares Trust by 2.3% in the fourth quarter. Absolute Capital Management LLC now owns 4,956 shares of the company’s stock worth $423,000 after buying an additional 112 shares in the last quarter. Finally, One Charles Private Wealth Services LLC boosted its stake in SPDR Gold MiniShares Trust by 0.5% during the fourth quarter. One Charles Private Wealth Services LLC now owns 25,976 shares of the company’s stock valued at $2,218,000 after buying an additional 120 shares during the period.

SPDR Gold MiniShares Trust Stock Performance

SPDR Gold MiniShares Trust stock opened at $81.54 on Friday. SPDR Gold MiniShares Trust has a 52 week low of $64.71 and a 52 week high of $109.74. The business has a 50-day simple moving average of $86.32 and a 200 day simple moving average of $91.90.

Key Headlines Impacting SPDR Gold MiniShares Trust

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

• Positive Sentiment: Gold reclaimed support above $4,100/oz, with multiple reports pointing to a rebound in spot prices and renewed momentum after Wednesday’s selloff. Gold rebounds above $4,100 as Fed minutes, Hormuz risk keep yields firm – Kitco AM Report
• Positive Sentiment: Safe-haven buying improved as renewed fighting in the Middle East and U.S.-Iran escalation kept geopolitical risk elevated, supporting gold-backed funds like GLDM. Gold Rises on Renewed Middle East Tensions
• Positive Sentiment: Gold also pushed to session highs after weaker U.S. housing data, reinforcing the case for defensive commodity exposure. Gold price pushes to session highs as U.S. existing home sales drop 2.4%
• Neutral Sentiment: Some analysts still expect gold to stay rangebound in the near term because hawkish Fed expectations and firm yields could cap the upside. Gold prices will be rangebound through the summer – Metals Focus
• Neutral Sentiment: Technical traders are watching for confirmation of a bullish reversal, but a “death cross” warning and resistance near recent highs suggest volatility may continue. Gold (XAU/USD) Price Forecast: Bullish Reversal Tests Key Resistance Levels
• Negative Sentiment: Earlier reports noted pressure from rising Treasury yields, a firmer U.S. dollar, and hawkish Fed minutes, which had weighed on gold before the rebound. Gold slides as Fed minutes, Hormuz oil spike lift yields – Kitco PM Report

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.