Essex Financial Services Inc. Purchases 19,665 Shares of SPDR Gold MiniShares Trust $GLDM

Essex Financial Services Inc. grew its position in SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 39.4% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 69,613 shares of the company’s stock after purchasing an additional 19,665 shares during the period. Essex Financial Services Inc.’s holdings in SPDR Gold MiniShares Trust were worth $5,322,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. May Hill Capital LLC bought a new position in SPDR Gold MiniShares Trust during the third quarter worth about $212,000. Wealthcare Capital Partners LLC increased its stake in SPDR Gold MiniShares Trust by 114.6% during the 3rd quarter. Wealthcare Capital Partners LLC now owns 12,269 shares of the company’s stock worth $938,000 after purchasing an additional 6,552 shares in the last quarter. Wealthcare Advisory Partners LLC raised its holdings in SPDR Gold MiniShares Trust by 194.4% during the 3rd quarter. Wealthcare Advisory Partners LLC now owns 158,628 shares of the company’s stock worth $12,127,000 after buying an additional 104,755 shares during the period. Wealthcare Capital Management LLC acquired a new stake in SPDR Gold MiniShares Trust during the 3rd quarter worth approximately $620,000. Finally, Accretive Wealth Partners LLC raised its holdings in shares of SPDR Gold MiniShares Trust by 2.7% during the third quarter. Accretive Wealth Partners LLC now owns 130,421 shares of the company’s stock worth $9,971,000 after acquiring an additional 3,468 shares during the period.

Key Headlines Impacting SPDR Gold MiniShares Trust

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

• Positive Sentiment: Analysts and technical commentators note that expectations for future Fed rate cuts and safe‑haven demand are underpinning gold, creating a bullish structure that could support a rebound if key supports hold. Gold and Silver Technical Analysis: Bullish Structure Builds Ahead of FOMC Minutes
• Positive Sentiment: Big‑bank and industry forecasts remain bullish (ANZ sees materially higher gold later this year), which supports long‑term investor interest in gold exposure like GLDM. ANZ sees gold hitting $5,800 an ounce in the second quarter
• Positive Sentiment: Industry executives call the recent pullback a “reset” rather than an end to the metals bull market, implying buying opportunities for investors allocating to GLDM on dips. Gold’s pullback is a reset, not the end of the metals bull market – American Pacific CEO
• Neutral Sentiment: Technical watchers are focused on the 50‑day moving average and other support zones; a hold could trigger a bounce but a break would extend weakness. Gold (XAUUSD) Price Forecast: Traders Eye 50-Day MA for Gold Rally Price Prediction
• Neutral Sentiment: Analysts highlight bounce potential from key support levels, so intra‑day volatility may present short‑term trading opportunities rather than a clear directional trend. Gold (XAU/USD) Price Forecast: Bounce Potential From Key Support Levels
• Negative Sentiment: The US dollar has firmed at times and easing geopolitical tensions (notably recent U.S.‑Iran talks) have reduced safe‑haven flows, pressuring gold and ETFs like GLDM. Gold (XAUUSD) & Silver Price Forecast: $5,000 Clash as Dollar Firms – Break or Reversal?
• Negative Sentiment: Reports point to forced long liquidation and position adjustments that amplified intraday losses in gold futures, a direct headwind for GLDM’s share price. Gold, silver see strong losses amid weak long liquidation
• Negative Sentiment: Pre‑talk/positioning dynamics around U.S.‑Iran negotiations triggered selling and repositioning ahead of official releases, adding short‑term downside pressure. Gold and Silver Prices Fall as U.S.-Iran Talks Begin. Trump Says Tehran Wants a Deal.

SPDR Gold MiniShares Trust Stock Down 3.1%

GLDM opened at $96.55 on Wednesday. SPDR Gold MiniShares Trust has a 12 month low of $56.10 and a 12 month high of $109.74. The firm’s fifty day simple moving average is $92.29 and its 200 day simple moving average is $81.66.

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.