SPDR Gold MiniShares Trust $GLDM Holdings Lessened by Gradient Investments LLC

Gradient Investments LLC reduced its position in shares of SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 13.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,313,275 shares of the company’s stock after selling 204,444 shares during the period. SPDR Gold MiniShares Trust comprises 1.5% of Gradient Investments LLC’s portfolio, making the stock its 12th largest position. Gradient Investments LLC owned 0.35% of SPDR Gold MiniShares Trust worth $107,925,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in GLDM. Valeo Financial Advisors LLC lifted its holdings in SPDR Gold MiniShares Trust by 12.3% in the 3rd quarter. Valeo Financial Advisors LLC now owns 6,006 shares of the company’s stock worth $494,000 after buying an additional 658 shares in the last quarter. Tactive Advisors LLC grew its stake in shares of SPDR Gold MiniShares Trust by 16.4% during the third quarter. Tactive Advisors LLC now owns 7,570 shares of the company’s stock valued at $622,000 after acquiring an additional 1,064 shares in the last quarter. Cassilly Financial Group LLC increased its position in shares of SPDR Gold MiniShares Trust by 2.7% during the third quarter. Cassilly Financial Group LLC now owns 6,782 shares of the company’s stock worth $557,000 after acquiring an additional 180 shares during the last quarter. American National Bank of Texas increased its position in shares of SPDR Gold MiniShares Trust by 5.5% during the third quarter. American National Bank of Texas now owns 37,124 shares of the company’s stock worth $3,051,000 after acquiring an additional 1,940 shares during the last quarter. Finally, Matrix Trust Co increased its position in shares of SPDR Gold MiniShares Trust by 124.0% during the third quarter. Matrix Trust Co now owns 19,392 shares of the company’s stock worth $1,594,000 after acquiring an additional 10,734 shares during the last quarter.

SPDR Gold MiniShares Trust Trading Up 0.8%

Shares of NYSEARCA:GLDM traded up $0.65 during trading on Thursday, hitting $81.76. The company’s stock had a trading volume of 4,433,979 shares, compared to its average volume of 6,851,117. SPDR Gold MiniShares Trust has a fifty-two week low of $77.50 and a fifty-two week high of $109.74. The stock’s 50-day moving average price is $85.74 and its two-hundred day moving average price is $86.68.

Key Stories Impacting SPDR Gold MiniShares Trust

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

• Positive Sentiment: China’s central bank purchased 21 tonnes of gold in September, extending its buying streak to 23 consecutive months. Continued central-bank accumulation provides an important long-term demand floor for gold and supports GLDM. China’s central bank buys 21 tonnes of gold in September
• Positive Sentiment: Analysts cited longer-term support from central-bank purchases, portfolio diversification and potential changes in interest-rate policy, arguing that gold’s recent decline could create an opportunity for investors with a long time horizon. Gold ETF Down 13% in Six Months
• Neutral Sentiment: Commentator Peter Schiff maintained a bullish long-term view of gold, saying rising yields could eventually expose fiscal and housing vulnerabilities. His comments provide a contrarian argument but do not offset the current rate-driven selling pressure. Peter Schiff says rising yields are bullish for gold
• Negative Sentiment: The Federal Reserve signaled that another rate increase may still be possible. Fed minutes, stronger-than-expected jobless-claims data and elevated Treasury yields have increased the opportunity cost of holding non-yielding gold, weighing on GLDM. Gold falls to a two-month low as Fed signals another hike
• Negative Sentiment: A stronger U.S. dollar and rising bond yields have pushed gold toward major technical support near $4,100 per ounce. Analysts warn that a break below that level could extend the correction and pressure GLDM further. Gold and silver price forecast

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.