Valtinson Bruner Financial Planning LLC decreased its position in SPDR Gold MiniShares Trust (NYSEARCA:GLDM – Free Report) by 54.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,564 shares of the company’s stock after selling 7,818 shares during the period. Valtinson Bruner Financial Planning LLC’s holdings in SPDR Gold MiniShares Trust were worth $539,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also made changes to their positions in the company. PNC Financial Services Group Inc. raised its holdings in SPDR Gold MiniShares Trust by 288.4% during the first quarter. PNC Financial Services Group Inc. now owns 268 shares of the company’s stock worth $25,000 after purchasing an additional 199 shares in the last quarter. Evergreen Advisors LLC acquired a new stake in SPDR Gold MiniShares Trust in the first quarter valued at about $49,000. Guardian Partners Inc. acquired a new stake in SPDR Gold MiniShares Trust in the third quarter valued at about $44,000. First Bancorp Inc ME purchased a new stake in SPDR Gold MiniShares Trust in the 2nd quarter valued at approximately $51,000. Finally, Basepoint Wealth LLC purchased a new stake in SPDR Gold MiniShares Trust in the 1st quarter valued at approximately $60,000.
SPDR Gold MiniShares Trust Stock Up 0.8%
Shares of GLDM opened at $81.06 on Friday. The stock’s 50 day moving average is $83.28 and its two-hundred day moving average is $88.78. SPDR Gold MiniShares Trust has a twelve month low of $76.54 and a twelve month high of $109.74.
SPDR Gold MiniShares Trust News Roundup
Here are the key news stories impacting SPDR Gold MiniShares Trust this week:
- Positive Sentiment: Gold climbed above $4,100 as falling Treasury yields and a weaker dollar encouraged buying after the U.S. midterm elections. Lower yields and dollar weakness can support GLDM by making gold more attractive to investors. Gold climbs above $4,100 as falling yields and softer labor costs support bullion
- Positive Sentiment: Central banks added 321.2 metric tons of gold in the quarter through September, slightly more than jewelry buyers purchased, pointing to strong institutional demand that may underpin prices. Central banks bought more gold than the world’s jewelry buyers
- Positive Sentiment: The World Bank expects gold to remain above $4,000 through 2028, supporting the longer-term outlook, although it cautions that gains may be less dramatic than in 2026. World Bank sees gold holding above $4,000 through 2028
- Neutral Sentiment: Gold’s rebound has reclaimed key technical levels, but analysts say it still needs to overcome resistance and its broader declining trend to confirm a sustained reversal. Gold bullish reversal challenges downtrend
- Negative Sentiment: Elevated real yields and the upcoming U.S. jobs report could challenge gold’s momentum; a strong labor reading may reinforce expectations for tighter monetary policy and weigh on GLDM. Gold faces $4,200 barrier as real yields challenge the rally
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.
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