SPDR Gold MiniShares Trust $GLDM Stock Holdings Increased by Penobscot Wealth Management

Penobscot Wealth Management grew its holdings in shares of SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 14.8% in the first quarter, HoldingsChannel reports. The fund owned 62,725 shares of the company’s stock after buying an additional 8,087 shares during the period. SPDR Gold MiniShares Trust makes up about 1.7% of Penobscot Wealth Management’s portfolio, making the stock its 11th largest holding. Penobscot Wealth Management’s holdings in SPDR Gold MiniShares Trust were worth $5,814,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Silver Oak Securities Incorporated lifted its holdings in SPDR Gold MiniShares Trust by 0.7% in the first quarter. Silver Oak Securities Incorporated now owns 14,763 shares of the company’s stock worth $1,368,000 after purchasing an additional 108 shares during the period. Fiduciary Alliance LLC acquired a new position in SPDR Gold MiniShares Trust during the 1st quarter valued at about $1,687,000. Cardinal Strategic Wealth Guidance raised its position in shares of SPDR Gold MiniShares Trust by 0.7% during the 1st quarter. Cardinal Strategic Wealth Guidance now owns 134,223 shares of the company’s stock worth $12,441,000 after buying an additional 962 shares in the last quarter. Ritholtz Wealth Management bought a new stake in shares of SPDR Gold MiniShares Trust during the 1st quarter worth about $209,000. Finally, MBM Wealth Consultants LLC acquired a new stake in shares of SPDR Gold MiniShares Trust in the 1st quarter worth approximately $70,000.

SPDR Gold MiniShares Trust News Summary

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

• Positive Sentiment: Gold prices rebounded at points during Thursday’s session as lower Treasury yields, a softer dollar, and bargain hunting helped metals recover from the prior day’s selloff, supporting GLDM. Gold holds $4,000 as Fed hawkishness offsets renewed Gulf risk – Kitco PM Report
• Positive Sentiment: Disappointing economic data, including weaker durable goods orders and softer jobless claims, briefly pushed gold back above the key $4,000 level as investors looked for safety. Gold clings to $4,000/oz after U.S. durable goods drop -4.5% in May Spot gold shoots back above $4,000/oz after U.S. weekly jobless claims dip to 215k
• Neutral Sentiment: Some analysts say gold remains supported by ongoing geopolitical risk and strong central-bank demand, which could help limit further downside even after the recent correction. Gold (XAUUSD) & Silver Price Forecast: Gold Breaks $3,980 as Silver Dives to $57 Amid Ceasefire — Bearish Turn? Gold’s 28% correction is painful, but history suggests the bull market isn’t over
• Negative Sentiment: Multiple market reports warned that gold is struggling below key support and may face deeper downside if the U.S. dollar stays strong and yields remain elevated, which is weighing on GLDM. Gold is going lower, but DeCarley Trading’s Garner sees one potential trade to play this summer Gold (XAU/USD) Price Forecast: Trendline Failure Signals Deeper Downside Risk Gold price could struggle through 2026 as it loses safe-haven status to US bonds – BI’s McGlone

SPDR Gold MiniShares Trust Trading Up 1.0%

SPDR Gold MiniShares Trust stock opened at $79.66 on Friday. The firm has a 50 day simple moving average of $88.89 and a 200-day simple moving average of $92.18. SPDR Gold MiniShares Trust has a 12-month low of $64.46 and a 12-month 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.