SPDR Gold MiniShares Trust $GLDM Shares Sold by Harbor Investment Advisory LLC

Harbor Investment Advisory LLC reduced its stake in shares of SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 7.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 170,467 shares of the company’s stock after selling 12,879 shares during the period. SPDR Gold MiniShares Trust accounts for about 1.2% of Harbor Investment Advisory LLC’s investment portfolio, making the stock its 10th largest position. Harbor Investment Advisory LLC owned 0.05% of SPDR Gold MiniShares Trust worth $15,801,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Morgan Stanley grew its holdings in SPDR Gold MiniShares Trust by 22.6% in the fourth quarter. Morgan Stanley now owns 10,562,081 shares of the company’s stock valued at $901,685,000 after purchasing an additional 1,943,672 shares during the period. Wells Fargo & Company MN raised its stake in SPDR Gold MiniShares Trust by 54.3% during the fourth quarter. Wells Fargo & Company MN now owns 7,913,715 shares of the company’s stock worth $675,594,000 after purchasing an additional 2,785,608 shares during the period. Evoke Wealth LLC boosted its holdings in shares of SPDR Gold MiniShares Trust by 1.7% in the 4th quarter. Evoke Wealth LLC now owns 7,374,785 shares of the company’s stock valued at $629,586,000 after purchasing an additional 123,123 shares during the last quarter. Bank of America Corp DE boosted its holdings in shares of SPDR Gold MiniShares Trust by 28.6% in the 3rd quarter. Bank of America Corp DE now owns 7,367,296 shares of the company’s stock valued at $563,230,000 after purchasing an additional 1,636,398 shares during the last quarter. Finally, UBS Group AG grew its stake in shares of SPDR Gold MiniShares Trust by 2.9% during the 4th quarter. UBS Group AG now owns 3,412,428 shares of the company’s stock valued at $291,319,000 after buying an additional 96,624 shares during the period.

More SPDR Gold MiniShares Trust News

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

• Positive Sentiment: Some analysts say the recent correction in gold is a buying opportunity, with central banks and governments still likely to support higher gold prices over time. Gold’s correction is a buying opportunity as governments won’t tolerate economic pain – Waratah Capital’s Dunkley
• Positive Sentiment: Gold is still seeing evidence of support near key technical levels, with some forecasts calling for a short-term bottom and a rebound attempt. Gold (XAU/USD) Price Forecast: Bullish Hammer Signals Potential Bottom
• Positive Sentiment: Central banks remain constructive on gold, with an OMFIF survey suggesting official institutions expect significantly higher gold prices over the next 12 months. Central banks see gold prices trading between $5,000 and $6,000 in 12 months – OMFIF Survey
• Neutral Sentiment: Some commentary says gold is rebounding from multi-month lows, but the move is still fragile and depends on whether support near $4,000 holds. Gold (XAUUSD), Silver, Platinum Forecasts – Gold Rebounds From Multi-Month Lows
• Neutral Sentiment: Gold prices remain highly sensitive to upcoming U.S. labor data and Fed-related rate expectations, leaving near-term direction uncertain. Gold (XAUUSD) Price Forecast: Will Warsh and NFP Trigger Gold’s Next Major Move?
• Negative Sentiment: Recent reports say stronger U.S. labor data, firmer Treasury yields, and a hawkish Fed repricing have pressured gold lower, which can weigh on GLDM. Silver firms while gold fades as Fed risk caps rebound – Kitco PM Report
• Negative Sentiment: Several market notes warn that gold could remain under pressure if the dollar stays strong and traders continue pricing in more Fed tightening risk. Gold Declines, Likely Weighed by Hawkish Dollar Repricing

SPDR Gold MiniShares Trust Price Performance

Shares of NYSEARCA GLDM opened at $79.42 on Wednesday. The firm has a fifty day moving average of $87.97 and a 200-day moving average of $92.10. SPDR Gold MiniShares Trust has a 52-week low of $64.71 and a 52-week high of $109.74.

SPDR Gold MiniShares Trust 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.