Strategic Financial Services Inc. Sells 476,522 Shares of SPDR Gold MiniShares Trust $GLDM

Strategic Financial Services Inc. lowered its position in shares of SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 34.1% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 921,392 shares of the company’s stock after selling 476,522 shares during the quarter. SPDR Gold MiniShares Trust comprises about 3.7% of Strategic Financial Services Inc.’s investment portfolio, making the stock its 7th largest position. Strategic Financial Services Inc.’s holdings in SPDR Gold MiniShares Trust were worth $78,659,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. U.S. Capital Wealth Advisors LLC raised its position in shares of SPDR Gold MiniShares Trust by 0.8% during the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 14,147 shares of the company’s stock worth $1,208,000 after purchasing an additional 112 shares during the period. One Charles Private Wealth Services LLC raised its position in shares of SPDR Gold MiniShares Trust by 0.5% during the 4th quarter. One Charles Private Wealth Services LLC now owns 25,976 shares of the company’s stock worth $2,218,000 after purchasing an additional 120 shares during the period. EverSource Wealth Advisors LLC raised its position in shares of SPDR Gold MiniShares Trust by 34.6% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 564 shares of the company’s stock worth $43,000 after purchasing an additional 145 shares during the period. Meredith Wealth Planning raised its position in shares of SPDR Gold MiniShares Trust by 3.8% during the 4th quarter. Meredith Wealth Planning now owns 4,197 shares of the company’s stock worth $358,000 after purchasing an additional 152 shares during the period. Finally, Crews Bank & Trust raised its position in shares of SPDR Gold MiniShares Trust by 2.1% during the 4th quarter. Crews Bank & Trust now owns 8,450 shares of the company’s stock worth $721,000 after purchasing an additional 175 shares during the period.

SPDR Gold MiniShares Trust Stock Performance

Shares of SPDR Gold MiniShares Trust stock opened at $89.21 on Wednesday. The business’s 50 day simple moving average is $92.18 and its 200-day simple moving average is $91.69. SPDR Gold MiniShares Trust has a twelve month low of $64.46 and a twelve month high of $109.74.

Key SPDR Gold MiniShares Trust News

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

• Positive Sentiment: Gold remains above a key support zone near $4,500, and some analysts say tightening price compression could set up a sharp breakout if direction turns bullish. Gold (XAU/USD) Price Forecast: Compression Signals Breakout Setup Ahead
• Positive Sentiment: Gold is still attracting long-term demand support, with the Royal Mint reporting record gold and silver bullion sales earlier this year, showing continued physical buying interest. Royal Mint sees record gold, silver bullion sales between January and March
• Neutral Sentiment: Gold is holding support but trading choppily as investors wait for clearer Middle East news and the next directional catalyst. Gold prices testing support at $4,500 as U.S. consumer confidence falls slight to 93.1
• Negative Sentiment: Spot gold fell as the U.S. dollar strengthened and stocks hit record highs, which can reduce demand for defensive assets like gold-backed funds such as GLDM. Metals dip as S&P, Nasdaq hit records on Iran deal hopes – Kitco PM Report
• Negative Sentiment: Additional reports say gold and silver are under pressure from inflation, shifting rate expectations, and reduced geopolitical risk premium after ceasefire/truce stability. Gold and silver prices under pressure from rising inflation and rate expectations, new Indian import tariffs – Heraeus

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.