Brindle & Bay Financial Advisors LLC Sells 17,469 Shares of SPDR Gold MiniShares Trust $GLDM

Brindle & Bay Financial Advisors LLC lowered its holdings in shares of SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 12.1% in the first quarter, Holdings Channel reports. The firm owned 127,109 shares of the company’s stock after selling 17,469 shares during the quarter. SPDR Gold MiniShares Trust accounts for 7.2% of Brindle & Bay Financial Advisors LLC’s investment portfolio, making the stock its 3rd biggest holding. Brindle & Bay Financial Advisors LLC’s holdings in SPDR Gold MiniShares Trust were worth $11,782,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also made changes to their positions in the business. Sumitomo Mitsui Trust Group Inc. grew its stake in shares of SPDR Gold MiniShares Trust by 1.1% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 18,594,406 shares of the company’s stock valued at $1,723,515,000 after purchasing an additional 206,914 shares during the last quarter. Morgan Stanley raised its stake in shares of SPDR Gold MiniShares Trust by 22.6% during the fourth quarter. Morgan Stanley now owns 10,562,081 shares of the company’s stock worth $901,685,000 after purchasing an additional 1,943,672 shares during the last quarter. Wells Fargo & Company MN lifted its holdings in shares of SPDR Gold MiniShares Trust by 54.3% during the fourth quarter. Wells Fargo & Company MN now owns 7,913,715 shares of the company’s stock worth $675,594,000 after purchasing an additional 2,785,608 shares during the period. Evoke Wealth LLC lifted its holdings in shares of SPDR Gold MiniShares Trust by 1.7% during the fourth quarter. Evoke Wealth LLC now owns 7,374,785 shares of the company’s stock worth $629,586,000 after purchasing an additional 123,123 shares during the period. Finally, Bank of America Corp DE grew its position in SPDR Gold MiniShares Trust by 28.6% in the 3rd quarter. Bank of America Corp DE now owns 7,367,296 shares of the company’s stock valued at $563,230,000 after buying an additional 1,636,398 shares during the last quarter.

SPDR Gold MiniShares Trust Stock Performance

GLDM stock opened at $81.29 on Monday. SPDR Gold MiniShares Trust has a one year low of $64.71 and a one year high of $109.74. The company has a fifty day moving average of $86.15 and a 200-day moving average of $91.85.

SPDR Gold MiniShares Trust News Summary

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

• Positive Sentiment: Gold is still getting support from central bank buying, with Poland’s central bank and other official buyers continuing to add on dips, which helps limit downside for bullion-backed funds like GLDM. Poland’s central bank is buying the dip as gold’s biggest buyers aren’t backing down
• Positive Sentiment: Some analysts say gold may be carving out a bottom after last month’s sharp losses, and price action above key support levels suggests a rebound is possible if buyers regain momentum. Gold (XAU/USD) Price Forecast: Can Bulls Reclaim Critical Trend Resistance?
• Neutral Sentiment: Gold is hovering around major technical levels, with traders watching whether it can hold support near $4,000-$4,100 and whether a breakout or further consolidation comes next. Gold Defends $4,000 Level as Strong Dollar Caps Gains
• Neutral Sentiment: Markets are waiting for U.S. CPI and other macro data, which could either reinforce the case for tighter policy or revive demand for gold if inflation cools. Gold struggles around $4,100 as markets await CPI and Warsh’s Capitol Hill debut
• Negative Sentiment: Rising Treasury yields and a strong dollar have been weighing on gold, creating headwinds for GLDM and limiting the metal’s rebound attempts. Gold (XAUUSD), Silver, Platinum Forecasts – Gold Pulls Back As Traders Focus on Rising Treasury Yields
• Negative Sentiment: Several reports suggest gold’s rally may stay rangebound or face limited upside in the near term as hawkish Fed expectations and macro uncertainty keep traders cautious. Gold prices will be rangebound through the summer – Metals Focus

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.