SPDR Gold MiniShares Trust $GLDM Stock Position Lifted by Sage Private Wealth Group LLC

Sage Private Wealth Group LLC raised its position in shares of SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 4.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 188,171 shares of the company’s stock after buying an additional 8,296 shares during the period. SPDR Gold MiniShares Trust comprises about 5.0% of Sage Private Wealth Group LLC’s holdings, making the stock its 7th largest holding. Sage Private Wealth Group LLC owned about 0.05% of SPDR Gold MiniShares Trust worth $15,464,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Silver Oak Securities Incorporated raised its holdings in shares of SPDR Gold MiniShares Trust by 0.7% in the 1st quarter. Silver Oak Securities Incorporated now owns 14,763 shares of the company’s stock valued at $1,368,000 after buying an additional 108 shares during the period. Fort Washington Investment Advisors Inc. OH lifted its stake in SPDR Gold MiniShares Trust by 1.2% during the 1st quarter. Fort Washington Investment Advisors Inc. OH now owns 13,601 shares of the company’s stock worth $1,261,000 after acquiring an additional 157 shares in the last quarter. Beacon Financial Advisory LLC boosted its holdings in SPDR Gold MiniShares Trust by 3.6% during the 2nd quarter. Beacon Financial Advisory LLC now owns 4,658 shares of the company’s stock valued at $370,000 after acquiring an additional 163 shares during the period. Cassilly Financial Group LLC boosted its holdings in SPDR Gold MiniShares Trust by 2.7% during the 3rd quarter. Cassilly Financial Group LLC now owns 6,782 shares of the company’s stock valued at $557,000 after acquiring an additional 180 shares during the period. Finally, PNC Financial Services Group Inc. boosted its holdings in SPDR Gold MiniShares Trust by 288.4% during the 1st quarter. PNC Financial Services Group Inc. now owns 268 shares of the company’s stock valued at $25,000 after acquiring an additional 199 shares during the period.

SPDR Gold MiniShares Trust Stock Up 0.4%

NYSEARCA GLDM opened at $81.79 on Thursday. The stock has a 50-day moving average of $85.42 and a two-hundred day moving average of $86.14. SPDR Gold MiniShares Trust has a 1-year low of $77.50 and a 1-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 prices recovered as the dollar weakened and Treasury yields stabilized, improving the appeal of non-yielding assets such as GLDM. Gold gains as Treasury yields stabilize, Nasdaq surges despite Fed tightening concerns
• Positive Sentiment: Record exchange-traded-fund holdings and renewed physical demand—including strong Royal Mint sales—suggest investor interest in precious metals remains resilient despite higher prices and bond yields. Gold and Silver Price Forecast: ETF Holdings Hit Record
• Positive Sentiment: BlackRock’s Evy Hambro said debt expansion, fiscal deficits, currency depreciation and geopolitical risks could support further gold appreciation over time, providing a constructive long-term backdrop for GLDM. The price of gold will reflect the pain elsewhere
• Neutral Sentiment: Gold is consolidating near important technical support, with resistance and trendline breaks potentially determining whether the next major move is higher or lower. Gold Price Forecast: Consolidation Sets Stage for Decisive Breakout
• Negative Sentiment: Markets continue to price a high probability of a December Fed rate increase. Higher yields and the opportunity cost of holding gold could pressure GLDM if rate expectations remain elevated. Gold and Silver Price Forecast: ETF Holdings Hit Record
• Negative Sentiment: Higher crude oil prices are sustaining inflation concerns and reinforcing the case for tighter monetary policy, which recently weighed on gold and remains a near-term risk for GLDM. Gold Falls Amid Pressure From Rising Crude Prices

About SPDR Gold MiniShares Trust

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.