SPDR Gold MiniShares Trust $GLDM Stock Sold by Peak Financial Advisors LLC

Peak Financial Advisors LLC cut its position in SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 10.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 156,028 shares of the company’s stock after selling 17,920 shares during the period. SPDR Gold MiniShares Trust accounts for approximately 5.5% of Peak Financial Advisors LLC’s investment portfolio, making the stock its 3rd biggest holding. Peak Financial Advisors LLC’s holdings in SPDR Gold MiniShares Trust were worth $12,822,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the company. PNC Financial Services Group Inc. raised its stake 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 worth $25,000 after buying an additional 199 shares during the period. Guardian Partners Inc. purchased a new stake in shares of SPDR Gold MiniShares Trust during the 3rd quarter worth approximately $44,000. Evergreen Advisors LLC bought a new stake in shares of SPDR Gold MiniShares Trust in the 1st quarter worth approximately $49,000. First Bancorp Inc ME bought a new stake in shares of SPDR Gold MiniShares Trust in the 2nd quarter worth approximately $51,000. Finally, Compass Financial Management LLC purchased a new position in SPDR Gold MiniShares Trust in the second quarter valued at approximately $53,000.

SPDR Gold MiniShares Trust Trading Down 3.4%

SPDR Gold MiniShares Trust stock opened at $76.83 on Friday. The business’s 50 day simple moving average is $84.27 and its 200 day simple moving average is $89.02. SPDR Gold MiniShares Trust has a 12 month low of $76.54 and a 12 month high of $109.74.

SPDR Gold MiniShares Trust News Summary

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

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.