Souders Financial Advisors Takes $513,000 Position in SPDR Gold MiniShares Trust $GLDM

Souders Financial Advisors purchased a new stake in shares of SPDR Gold MiniShares Trust (NYSEARCA:GLDM) during the 4th quarter, HoldingsChannel reports. The institutional investor purchased 6,010 shares of the company’s stock, valued at approximately $513,000.

Several other institutional investors have also recently made changes to their positions in the company. Sumitomo Mitsui Trust Group Inc. raised its position in SPDR Gold MiniShares Trust by 26.6% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 18,477,937 shares of the company’s stock valued at $1,412,638,000 after purchasing an additional 3,881,643 shares during the period. Bank of America Corp DE raised its position in SPDR Gold MiniShares Trust by 28.6% in the third quarter. Bank of America Corp DE now owns 7,367,296 shares of the company’s stock valued at $563,230,000 after purchasing an additional 1,636,398 shares during the period. UBS Group AG raised its position in SPDR Gold MiniShares Trust by 2.9% in the fourth quarter. UBS Group AG now owns 3,412,428 shares of the company’s stock valued at $291,319,000 after purchasing an additional 96,624 shares during the period. 3EDGE Asset Management LP raised its position in SPDR Gold MiniShares Trust by 22.1% in the third quarter. 3EDGE Asset Management LP now owns 2,700,196 shares of the company’s stock valued at $206,430,000 after purchasing an additional 488,576 shares during the period. Finally, State Street Corp raised its position in SPDR Gold MiniShares Trust by 0.3% in the second quarter. State Street Corp now owns 2,695,268 shares of the company’s stock valued at $176,594,000 after purchasing an additional 8,380 shares during the period.

SPDR Gold MiniShares Trust Price Performance

Shares of NYSEARCA GLDM opened at $91.21 on Monday. SPDR Gold MiniShares Trust has a 52-week low of $62.70 and a 52-week high of $109.74. The business’s 50 day moving average is $95.69 and its two-hundred day moving average is $90.54.

Key SPDR Gold MiniShares Trust News

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

• Positive Sentiment: Weaker US economic data has provided episodic safe‑haven demand for gold, lifting prices intraday and supporting GLDM in the near term. Article Title
• Positive Sentiment: Large bank forecasts and central‑bank buying underpin a longer‑term bullish case for gold, which would be positive for GLDM if those themes persist. (Bank of America’s lofty 12‑month gold call and reports of continued central‑bank purchases.) Article Title
• Neutral Sentiment: Gold is consolidating and choppy as traders weigh a mix of data, yields and geopolitical headlines — this suggests limited directional impulse for GLDM until a clear macro catalyst emerges. Article Title
• Negative Sentiment: Higher Treasury yields and the Fed’s reluctance to ease policy are capping gold’s upside; rising real yields are a clear headwind for GLDM. Article Title
• Negative Sentiment: Technical analysis shows a persistent bearish structure and potential wedge breakdowns pointing to deeper downside targets for gold — technical pressure can translate into ETF weakness absent offsetting macro support. Article Title
• Negative Sentiment: Rising oil and energy‑driven inflation can keep rate‑cut expectations delayed, which is bearish for gold in the near term and therefore for GLDM. Article Title

SPDR Gold MiniShares Trust Company 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.