Brandywine Oak Private Wealth LLC Cuts Holdings in SPDR Gold MiniShares Trust $GLDM

Brandywine Oak Private Wealth LLC decreased its holdings in SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 3.6% in the first quarter, HoldingsChannel.com reports. The firm owned 221,713 shares of the company’s stock after selling 8,264 shares during the quarter. SPDR Gold MiniShares Trust makes up 1.7% of Brandywine Oak Private Wealth LLC’s holdings, making the stock its 12th biggest holding. Brandywine Oak Private Wealth LLC’s holdings in SPDR Gold MiniShares Trust were worth $20,550,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in GLDM. HHM Wealth Advisors LLC lifted its holdings in SPDR Gold MiniShares Trust by 236.7% in the 1st quarter. HHM Wealth Advisors LLC now owns 303 shares of the company’s stock valued at $28,000 after purchasing an additional 213 shares in the last quarter. Godfrey Financial Associates Inc. acquired a new position in SPDR Gold MiniShares Trust during the fourth quarter worth $26,000. Accredited Wealth Management LLC lifted its position in shares of 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 purchasing an additional 218 shares in the last quarter. Root Financial Partners LLC increased its holdings in SPDR Gold MiniShares Trust by 548.2% during the 4th quarter. Root Financial Partners LLC now owns 363 shares of the company’s stock worth $31,000 after purchasing an additional 307 shares during the period. Finally, Networth Advisors LLC purchased a new stake in shares of SPDR Gold MiniShares Trust in the 4th quarter valued at approximately $33,000.

SPDR Gold MiniShares Trust News Roundup

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

• Positive Sentiment: China’s gold imports jumped to a 26-month high in May, suggesting strong physical demand from the world’s largest gold market. China gold imports hit 26-month high in May, up 76% YTD
• Positive Sentiment: Some market commentators said the recent pullback may be creating a more attractive entry point for gold investors, especially over a longer horizon. Gold’s pullback creates attractive entry as de-dollarization turns structural – KMLM’s Prior
• Neutral Sentiment: One article argued that gold ETFs can benefit long term from tax-efficient holding strategies in retirement accounts, but this was more of an investing idea than a near-term price driver. The Roth IRA Trick That Makes This Gold ETF’s 135% Five-Year Run Even Better
• Negative Sentiment: Gold prices weakened as rate-hike fears increased, with the dollar strengthening and key support levels coming under pressure. Gold and silver tumble as rate-hike fears hit precious metals
• Negative Sentiment: Analysts at Deutsche Bank and BMO cut gold price targets, citing weaker investor demand and a more hawkish Fed outlook, which is weighing on bullion-linked funds like GLDM. Deutsche Bank cuts 2026 gold price targets to $4,300/oz for Q3, $4,800/oz in Q4 as investor demand drops
• Negative Sentiment: Gold futures fell for a third straight session, and market commentary pointed to continued near-term macro headwinds, including firm Treasury yields and stronger economic data. Comex Gold Settles 1.24% Lower at $4129.90

SPDR Gold MiniShares Trust Trading Down 1.9%

GLDM opened at $81.34 on Wednesday. The business’s 50-day simple moving average is $89.52 and its 200-day simple moving average is $92.23. SPDR Gold MiniShares Trust has a one year low of $64.46 and a one year 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.