SPDR Gold MiniShares Trust $GLDM Shares Sold by Truist Financial Corp

Truist Financial Corp reduced its position in SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 14.1% in the 4th quarter, Holdings Channel.com reports. The fund owned 132,335 shares of the company’s stock after selling 21,664 shares during the quarter. Truist Financial Corp’s holdings in SPDR Gold MiniShares Trust were worth $11,297,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Accredited Wealth Management LLC boosted its holdings in shares of SPDR Gold MiniShares Trust by 174.4% in the third quarter. Accredited Wealth Management LLC now owns 343 shares of the company’s stock valued at $26,000 after acquiring an additional 218 shares during the period. Networth Advisors LLC acquired a new stake in shares of SPDR Gold MiniShares Trust in the fourth quarter valued at approximately $33,000. Evolution Wealth Management Inc. boosted its holdings in shares of SPDR Gold MiniShares Trust by 55.1% in the third quarter. Evolution Wealth Management Inc. now owns 490 shares of the company’s stock valued at $37,000 after acquiring an additional 174 shares during the period. Gould Capital LLC boosted its holdings in shares of SPDR Gold MiniShares Trust by 377.8% in the third quarter. Gould Capital LLC now owns 516 shares of the company’s stock valued at $39,000 after acquiring an additional 408 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its holdings in shares of SPDR Gold MiniShares Trust by 34.6% in the third quarter. EverSource Wealth Advisors LLC now owns 564 shares of the company’s stock valued at $43,000 after acquiring an additional 145 shares during the period.

SPDR Gold MiniShares Trust Price Performance

GLDM stock opened at $93.49 on Friday. SPDR Gold MiniShares Trust has a twelve month low of $62.70 and a twelve month high of $109.74. The business has a 50 day simple moving average of $95.08 and a 200-day simple moving average of $90.71.

Key Stories Impacting SPDR Gold MiniShares Trust

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

• Positive Sentiment: Gold rebounded above $4,700 as traders looked past Middle East tensions, reinforcing safe-haven demand for bullion-linked funds like GLDM. Gold rebounds above $4,700 as investors look past Middle East tensions
• Positive Sentiment: Falling Treasury yields helped push gold higher, which is supportive for GLDM because gold does not pay interest and tends to benefit when yields ease. Gold (XAUUSD), Silver, Platinum Forecasts – Gold Moves Higher Amid Falling Treasury Yields
• Positive Sentiment: Weak consumer sentiment and softer inflation expectations lifted spot gold to session highs, adding momentum to the bullish case for GLDM. Spot gold hits session high after preliminary Consumer Sentiment drops to 48.2, one-year inflation expectations dip to 4.5%
• Positive Sentiment: Gold and silver extended gains after the latest payrolls data and labor-market weakness bolstered the case for a more dovish rate outlook. Gold, silver extend gains as payrolls beat forecasts – Kitco AM Report
• Positive Sentiment: Central banks, including China, are reportedly continuing to buy gold on dips, supporting long-term demand for the metal. China and other central banks continue to buy the dip in gold

SPDR Gold MiniShares Trust Company 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.