SPDR Gold MiniShares Trust $GLDM Stock Purchased by Matrix Trust Co

Matrix Trust Co boosted its holdings in shares of SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 124.0% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 19,392 shares of the company’s stock after acquiring an additional 10,734 shares during the quarter. Matrix Trust Co’s holdings in SPDR Gold MiniShares Trust were worth $1,594,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Silver Oak Securities Incorporated grew its stake in SPDR Gold MiniShares Trust by 0.7% in the 1st quarter. Silver Oak Securities Incorporated now owns 14,763 shares of the company’s stock worth $1,368,000 after buying an additional 108 shares in the last quarter. Absolute Capital Management LLC grew its stake in shares of SPDR Gold MiniShares Trust by 2.3% in the fourth quarter. Absolute Capital Management LLC now owns 4,956 shares of the company’s stock worth $423,000 after purchasing an additional 112 shares during the last quarter. Resurgent Financial Advisors LLC increased its position in SPDR Gold MiniShares Trust by 3.9% during the 4th quarter. Resurgent Financial Advisors LLC now owns 3,822 shares of the company’s stock valued at $326,000 after purchasing an additional 145 shares during the period. Fort Washington Investment Advisors Inc. OH lifted its holdings in SPDR Gold MiniShares Trust by 1.2% in the first quarter. Fort Washington Investment Advisors Inc. OH now owns 13,601 shares of the company’s stock worth $1,261,000 after buying an additional 157 shares during the period. Finally, Beacon Financial Advisory LLC grew its holdings in shares of SPDR Gold MiniShares Trust by 3.6% during the 2nd quarter. Beacon Financial Advisory LLC now owns 4,658 shares of the company’s stock worth $370,000 after acquiring an additional 163 shares during the period.

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 increased its gold reserves by 21 tonnes in September, the largest monthly purchase in three years and its 23rd consecutive month of buying. Continued official-sector demand provides underlying support for gold and GLDM. China’s central bank buys 21 tonnes of gold in September
• Positive Sentiment: Central banks added a net 39 tonnes of gold to reserves in August, while industry officials said geopolitical uncertainty, sovereign debt and concerns about traditional reserve assets are encouraging continued diversification into bullion. Central banks add 39 net tonnes of gold in August
• Neutral Sentiment: Gold briefly found support near the $4,100 area after testing technical support, suggesting the market could see a short-term rebound. However, analysts continue to describe the broader trend as vulnerable while yields remain elevated. Gold price forecast: $4,104 support
• Negative Sentiment: Gold declined toward $4,103.52 as the dollar strengthened and long-term Treasury yields rose. Higher-yielding bonds increase the opportunity cost of holding non-income-producing gold, weighing directly on GLDM. Gold slides as Fed minutes and 10-year auction test buyers
• Negative Sentiment: Gold and silver remain under pressure ahead of the Federal Reserve minutes, with key technical support levels at risk. A hawkish interpretation of the minutes or further increases in bond yields could extend selling in bullion and GLDM. Gold and silver forecast: breakdown risk ahead of Fed minutes

SPDR Gold MiniShares Trust Stock Performance

SPDR Gold MiniShares Trust stock traded down $0.95 on Wednesday, hitting $81.50. 1,921,634 shares of the stock traded hands, compared to its average volume of 6,856,394. SPDR Gold MiniShares Trust has a 1 year low of $77.50 and a 1 year high of $109.74. The business’s fifty day simple moving average is $85.72 and its 200 day simple moving average is $86.76.

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.