Matrix Trust Co Raises Holdings in SPDR Gold MiniShares Trust $GLDM

Matrix Trust Co boosted its holdings in shares of SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 124.0% during the 3rd quarter, Holdings Channel reports. The fund owned 19,392 shares of the company’s stock after buying an additional 10,734 shares during the period. Matrix Trust Co’s holdings in SPDR Gold MiniShares Trust were worth $1,594,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in GLDM. Bank of New Hampshire grew its holdings in shares of SPDR Gold MiniShares Trust by 41.6% during the third quarter. Bank of New Hampshire now owns 3,390 shares of the company’s stock valued at $279,000 after buying an additional 996 shares during the last quarter. Rosenberg Matthew Hamilton boosted its stake in shares of SPDR Gold MiniShares Trust by 10.3% during the 3rd quarter. Rosenberg Matthew Hamilton now owns 2,385 shares of the company’s stock worth $196,000 after acquiring an additional 223 shares in the last quarter. Baker Tilly Wealth Management LLC grew its position in shares of SPDR Gold MiniShares Trust by 4.0% in the third quarter. Baker Tilly Wealth Management LLC now owns 98,042 shares of the company’s stock valued at $8,057,000 after purchasing an additional 3,815 shares during the period. Versant Capital Management Inc raised its position in shares of SPDR Gold MiniShares Trust by 9.4% in the third quarter. Versant Capital Management Inc now owns 103,614 shares of the company’s stock valued at $8,515,000 after buying an additional 8,864 shares during the last quarter. Finally, Talon Private Wealth LLC increased its holdings in shares of SPDR Gold MiniShares Trust by 100.3% in the second quarter. Talon Private Wealth LLC now owns 10,935 shares of the company’s stock valued at $868,000 after purchasing an additional 5,475 shares during the last quarter.

SPDR Gold MiniShares Trust Stock Down 1.2%

Shares of NYSEARCA GLDM traded down $0.95 during midday trading on Wednesday, reaching $81.50. 1,921,634 shares of the stock were exchanged, compared to its average volume of 6,856,394. SPDR Gold MiniShares Trust has a twelve month low of $77.50 and a twelve month high of $109.74. The company has a 50 day simple moving average of $85.72 and a 200 day simple moving average of $86.76.

Key SPDR Gold MiniShares Trust News

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 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.