Financial Enhancement Group LLC Raises Holdings in SPDR Gold MiniShares Trust $GLDM

Financial Enhancement Group LLC boosted its position in SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 117.8% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 108,686 shares of the company’s stock after purchasing an additional 58,787 shares during the period. Financial Enhancement Group LLC’s holdings in SPDR Gold MiniShares Trust were worth $8,816,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. PNC Financial Services Group Inc. raised its stake in SPDR Gold MiniShares Trust by 288.4% in the first quarter. PNC Financial Services Group Inc. now owns 268 shares of the company’s stock valued at $25,000 after buying an additional 199 shares during the period. HHM Wealth Advisors LLC boosted its stake in shares of SPDR Gold MiniShares Trust by 236.7% during the 1st quarter. HHM Wealth Advisors LLC now owns 303 shares of the company’s stock worth $28,000 after acquiring an additional 213 shares during the period. Evergreen Advisors LLC acquired a new position in shares of SPDR Gold MiniShares Trust during the 1st quarter worth approximately $49,000. First Bancorp Inc ME acquired a new position in shares of SPDR Gold MiniShares Trust during the 2nd quarter worth approximately $51,000. Finally, Compass Financial Management LLC bought a new stake in SPDR Gold MiniShares Trust in the 2nd quarter valued at $53,000.

SPDR Gold MiniShares Trust Trading Up 0.8%

SPDR Gold MiniShares Trust stock traded up $0.61 during mid-day trading on Thursday, hitting $81.72. 6,996,993 shares of the company’s stock traded hands, compared to its average volume of 6,864,767. The firm has a 50 day simple moving average of $85.74 and a two-hundred day simple moving average of $86.68. SPDR Gold MiniShares Trust has a fifty-two week low of $77.50 and a fifty-two week high of $109.74.

Key Headlines Impacting SPDR Gold MiniShares Trust

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

• Positive Sentiment: Gold rebounded as Treasury yields pulled back and the dollar weakened, conditions that generally support non-yielding assets such as gold and could help GLDM recover. Gold, Silver, Platinum Forecasts – Gold Attempts to Rebound as Treasury Yields Pull Back
• Positive Sentiment: Sprott said gold is attracting fresh ETF inflows despite elevated bond yields, while central banks’ continued shift away from dollar assets supports the longer-term bullish case for bullion and GLDM. Gold Gains Ground as Central Banks Retreat from Dollar Assets and Inflation Undermines Bonds
• Positive Sentiment: China’s central bank bought 21 tonnes of gold in September, extending its purchasing streak to 23 months. Official-sector demand remains an important long-term tailwind for gold-backed funds. China’s Central Bank Buys 21 Tonnes of Gold in September
• Neutral Sentiment: Gold is testing support near $4,100–$4,103. A double-bottom or bullish-wedge breakout could trigger a recovery, but a decisive breakdown would signal additional downside for GLDM. Gold Price Forecast: $4,103 Support Holds Key to Next Move
• Negative Sentiment: Fed communications have kept the possibility of another rate hike alive. Higher-for-longer rates, rising Treasury yields and a stronger dollar raise the opportunity cost of holding gold and are the main reasons bullion—and recently GLDM—has decreased. Fed Minutes Weigh on Gold as It Tests $4,100
• Negative Sentiment: Better-than-expected U.S. jobless claims reinforced the perception of a resilient economy, potentially giving the Federal Reserve more room to maintain restrictive policy. Gold Price at $4,122 After U.S. Jobless Claims Fall

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.