Bell Bank Acquires 6,529 Shares of SPDR Gold MiniShares Trust $GLDM

Bell Bank bought a new position in SPDR Gold MiniShares Trust (NYSEARCA:GLDM) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 6,529 shares of the company’s stock, valued at approximately $537,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. PNC Financial Services Group Inc. raised its stake 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 valued at $25,000 after buying an additional 199 shares in the last quarter. HHM Wealth Advisors LLC lifted its holdings in SPDR Gold MiniShares Trust by 236.7% during the 1st quarter. HHM Wealth Advisors LLC now owns 303 shares of the company’s stock worth $28,000 after buying an additional 213 shares during the last quarter. Evergreen Advisors LLC acquired a new position in shares of SPDR Gold MiniShares Trust in the 1st quarter worth approximately $49,000. First Bancorp Inc ME bought a new stake in shares of SPDR Gold MiniShares Trust in the 2nd quarter valued at approximately $51,000. Finally, Compass Financial Management LLC bought a new stake in shares of SPDR Gold MiniShares Trust in the 2nd quarter valued at approximately $53,000.

SPDR Gold MiniShares Trust Price Performance

GLDM stock opened at $81.48 on Wednesday. SPDR Gold MiniShares Trust has a 12-month low of $77.50 and a 12-month high of $109.74. The stock’s 50 day simple moving average is $85.53 and its 200 day simple moving average is $86.22.

Trending Headlines about SPDR Gold MiniShares Trust

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

• Positive Sentiment: Gold ETF holdings have reached record levels, signaling continued investor demand and providing support for gold and GLDM despite near-term macroeconomic headwinds. Gold (XAUUSD) & Silver Price Forecast: ETF Holdings Hit Record, Can Gold Hold $4,083?
• Positive Sentiment: The World Gold Council said tokenized gold could eventually unlock as much as $700 billion in new investment demand, creating a potential long-term catalyst for the gold market. Tokenized gold could unlock $700 billion new demand – World Gold Council
• Positive Sentiment: Central-bank buying and longer-term inflation and currency concerns remain supportive of gold. CIBC still expects a significant recovery over the longer term, although it reduced its near-term forecasts. CIBC slashes gold price forecasts but sees recovery to $5,200 in 2027
• Neutral Sentiment: Gold is testing important technical levels, with support near $4,000-$4,100 and resistance around $4,217-$4,260. Holding support could stabilize GLDM, while a breakdown would increase downside risk. Gold Tests Major Demand Zone: Can Prices Clear $4,260 After Defending $4,000?
• Negative Sentiment: Higher Treasury yields and a stronger dollar are weighing on gold because they raise the opportunity cost of holding a non-yielding asset. Markets are assigning high odds to a December Fed rate increase. Silver Price Forecast: Recovery Stalls as Treasury Yields Rise
• Negative Sentiment: Rebounding oil prices are intensifying inflation concerns and keeping expectations for additional Fed tightening elevated, adding near-term pressure to gold and GLDM. Gold and Silver Price Forecast: Breakdown Risk Persists as Oil Rebounds

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.