12,099 Shares in SPDR Gold MiniShares Trust $GLDM Purchased by Whelan Financial

Whelan Financial acquired a new stake in shares of SPDR Gold MiniShares Trust (NYSEARCA:GLDM) in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund acquired 12,099 shares of the company’s stock, valued at approximately $994,000.

Several other institutional investors and hedge funds have also bought and sold shares of GLDM. PNC Financial Services Group Inc. increased its stake in shares of 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 worth $25,000 after acquiring an additional 199 shares during the period. Guardian Partners Inc. acquired a new position in SPDR Gold MiniShares Trust during the third quarter valued at $44,000. Evergreen Advisors LLC acquired a new position in SPDR Gold MiniShares Trust during the first quarter valued at $49,000. First Bancorp Inc ME purchased a new stake in SPDR Gold MiniShares Trust in the second quarter valued at $51,000. Finally, Compass Financial Management LLC purchased a new stake in SPDR Gold MiniShares Trust in the second quarter valued at $53,000.

SPDR Gold MiniShares Trust Stock Down 3.4%

NYSEARCA:GLDM opened at $76.83 on Friday. The firm’s fifty day moving average is $84.27 and its two-hundred day moving average is $89.02. SPDR Gold MiniShares Trust has a one year low of $76.54 and a one year high of $109.74.

More SPDR Gold MiniShares Trust News

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

• Positive Sentiment: Gold’s contribution to the Swiss National Bank’s third-quarter profit highlights the value of the metal in central-bank reserves. The SNB reported a 7.6 billion-franc gain from gold, although the result does not directly improve GLDM’s near-term outlook. Swiss central bank posts bumper $23bn profit as gold, foreign assets soar
• Neutral Sentiment: Technical analysts are watching support near $3,950, $3,900 and the longer-term $3,886–$3,708 retracement zone. A stabilization at these levels could attract buyers, while further breaks would indicate additional downside risk for GLDM. Gold Price Forecast: Mass Liquidation Puts $3,886–$3,708 in Play
• Negative Sentiment: Persistent inflation, stronger-than-expected U.S. GDP and elevated real Treasury yields have increased expectations that the Federal Reserve could keep rates higher or resume tightening. Higher yields raise the opportunity cost of holding non-yielding gold and are the main catalyst weighing on GLDM. Gold and Silver Price Forecast: Hot PCE Lifts Hike Odds
• Negative Sentiment: Gold has broken key technical support and analysts describe the move as a bearish reversal or mass liquidation. Forecasts now warn of a deeper correction if $3,950 and $3,900 fail to hold. Gold Price Forecast – Gold Drops Below $4000
• Negative Sentiment: The Federal Reserve’s rate hold has not removed the possibility of a future hike, keeping bond yields supported and limiting gold’s appeal. This macro backdrop has pressured both gold and silver and is likely driving GLDM’s weakness. Gold Declines, Weighed by Tighter Monetary Policy Expectations

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.