SPDR Gold MiniShares Trust $GLDM Stock Sold by Confluence Investment Management LLC

Confluence Investment Management LLC trimmed its position in shares of SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 37.0% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 329,014 shares of the company’s stock after selling 193,603 shares during the period. Confluence Investment Management LLC owned approximately 0.09% of SPDR Gold MiniShares Trust worth $27,038,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. PNC Financial Services Group Inc. lifted 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 acquiring an additional 199 shares in the last quarter. HHM Wealth Advisors LLC grew its position in SPDR Gold MiniShares Trust by 236.7% in the 1st quarter. HHM Wealth Advisors LLC now owns 303 shares of the company’s stock valued at $28,000 after acquiring an additional 213 shares in the last quarter. Root Financial Partners LLC increased its stake in SPDR Gold MiniShares Trust by 548.2% during the fourth quarter. Root Financial Partners LLC now owns 363 shares of the company’s stock worth $31,000 after purchasing an additional 307 shares during the period. Evergreen Advisors LLC acquired a new stake in shares of SPDR Gold MiniShares Trust during the first quarter worth about $49,000. Finally, First Bancorp Inc ME acquired a new stake in shares of SPDR Gold MiniShares Trust during the second quarter worth about $51,000.

Key Headlines Impacting SPDR Gold MiniShares Trust

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

• Positive Sentiment: Softer-than-expected inflation and a slight miss in the September ISM Manufacturing PMI reduced expectations for near-term Federal Reserve tightening, offering support to gold. However, gold remained near session lows after the data. Gold and Silver Price Forecast: Softer PCE Cuts Fed Hike Bets Gold price after ISM Manufacturing PMI
• Positive Sentiment: Analysts continue to cite strong exchange-traded-fund and central-bank demand, with some forecasting a recovery above $5,000 per ounce in 2027 and a potentially stronger fourth quarter if yields ease. These longer-term views provide a bullish backdrop for GLDM. Morgan Stanley gold forecast
• Neutral Sentiment: Gold is trading sideways as markets await U.S. payrolls, which could provide the next major signal for interest-rate expectations. Gold Price Forecast – Gold Continues to Drift Back and Forth
• Neutral Sentiment: Joan Binstock joined the board and audit committee of the World Gold Trust sponsor, a governance development with limited immediate impact on GLDM’s underlying gold exposure. Joan Binstock joins World Gold Trust sponsor board
• Negative Sentiment: The 10-year Treasury yield is approaching 5.34%, while the dollar remains firm. Higher yields increase the opportunity cost of holding non-yielding gold and are keeping buyers defensive. Gold forecast as 10-year yield rises
• Negative Sentiment: Resilient labor data—including unemployment claims below expectations and stronger ADP private payroll growth—could support a more restrictive Fed outlook. Technical analysts also warn that breaks below key support levels could deepen gold’s correction. Gold and solid US labor market

SPDR Gold MiniShares Trust Trading Up 0.2%

Shares of GLDM stock traded up $0.19 during trading on Thursday, reaching $82.37. The company’s stock had a trading volume of 1,671,270 shares, compared to its average volume of 6,904,665. SPDR Gold MiniShares Trust has a 1-year low of $75.60 and a 1-year high of $109.74. The stock’s 50-day moving average price is $85.55 and its 200 day moving average price is $87.21.

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.