Omnitrust Wealth Management Inc Takes Position in SPDR Gold MiniShares Trust $GLDM

Omnitrust Wealth Management Inc acquired a new stake in shares of SPDR Gold MiniShares Trust (NYSEARCA:GLDM) during the fourth quarter, HoldingsChannel reports. The fund acquired 53,459 shares of the company’s stock, valued at approximately $4,564,000. SPDR Gold MiniShares Trust accounts for approximately 5.8% of Omnitrust Wealth Management Inc’s holdings, making the stock its 4th largest holding.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Franklin Resources Inc. boosted its stake in shares of SPDR Gold MiniShares Trust by 26.3% during the fourth quarter. Franklin Resources Inc. now owns 65,787 shares of the company’s stock valued at $5,616,000 after purchasing an additional 13,704 shares in the last quarter. Napier Financial LLC bought a new position in shares of SPDR Gold MiniShares Trust during the fourth quarter valued at approximately $9,863,000. Endeavor Private Wealth Inc. bought a new position in shares of SPDR Gold MiniShares Trust during the fourth quarter valued at approximately $273,000. Palladiem LLC bought a new position in shares of SPDR Gold MiniShares Trust during the fourth quarter valued at approximately $6,489,000. Finally, XML Financial LLC bought a new position in shares of SPDR Gold MiniShares Trust during the fourth quarter valued at approximately $756,000.

SPDR Gold MiniShares Trust Stock Performance

NYSEARCA GLDM opened at $85.42 on Monday. SPDR Gold MiniShares Trust has a 52-week low of $64.46 and a 52-week high of $109.74. The firm’s 50 day moving average price is $91.54 and its 200-day moving average price is $92.10.

More SPDR Gold MiniShares Trust News

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

• Positive Sentiment: Some analysts still see the recent pullback as a buying opportunity, arguing that inflation concerns, strategic resource competition, and long-term demand trends could support gold later this year. Gold breaks below key technical support, but analysts see a buying opportunity
• Positive Sentiment: Geopolitical uncertainty in the Middle East continues to support gold’s safe-haven appeal, even as price action remains volatile. Gold Pressured by Rate-Hike Fears as Middle East Uncertainty Persists
• Neutral Sentiment: Several reports note technical support breaks and a bearish short-term chart setup, signaling continued volatility rather than a clear trend reversal. The gold chart looks precarious. Here’s how to profit
• Neutral Sentiment: Some longer-term forecasts remain bullish, with one industry outlook projecting much higher average gold prices in 2026 despite softer demand from jewelry and central banks. Gold demand will drop this year even as supply increases, but average price will still rise 43% in 2026 – Metals Focus
• Negative Sentiment: Stronger-than-expected U.S. payrolls and job growth have lifted rates and the dollar, triggering broad selling in gold and other precious metals. Gold (XAUUSD), Silver, Platinum Forecasts – Gold Dives 3% As Traders Bet On Hawkish Fed
• Negative Sentiment: Gold falling below key levels such as $4,500 and $4,450 suggests short-term technical weakness and may keep pressure on GLDM until macro data or Fed expectations improve. Gold slips below $4,500 as strong jobs report hits rate-cut trade – Kitco AM Report

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.