Clark Capital Management Group Inc. Buys 22,557 Shares of SPDR Gold MiniShares Trust $GLDM

Clark Capital Management Group Inc. grew its stake in shares of SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 22.7% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 121,808 shares of the company’s stock after buying an additional 22,557 shares during the quarter. Clark Capital Management Group Inc.’s holdings in SPDR Gold MiniShares Trust were worth $9,312,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Deane Retirement Strategies Inc. grew its position in SPDR Gold MiniShares Trust by 126.4% in the third quarter. Deane Retirement Strategies Inc. now owns 335 shares of the company’s stock worth $26,000 after acquiring an additional 187 shares in the last quarter. Accredited Wealth Management LLC increased its stake in 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 last quarter. Financial Consulate Inc. purchased a new stake in SPDR Gold MiniShares Trust during the third quarter valued at about $34,000. Family Legacy Financial Solutions LLC purchased a new stake in SPDR Gold MiniShares Trust during the third quarter valued at about $36,000. Finally, Evolution Wealth Management Inc. lifted its stake in SPDR Gold MiniShares Trust by 55.1% during the third quarter. Evolution Wealth Management Inc. now owns 490 shares of the company’s stock worth $37,000 after purchasing an additional 174 shares during the last quarter.

SPDR Gold MiniShares Trust News Summary

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

• Positive Sentiment: Ongoing Middle East tensions keep intermittent safe‑haven demand for gold, providing underlying support for GLDM when risk spikes. Gold Edges Higher Amid Ongoing Middle East Conflict
• Positive Sentiment: Market commentators note buyers stepping in on dips and central‑bank and geopolitical flows that could support gold prices if volatility increases. Gold Price Analysis – Gold Continues to See Support on Dips
• Neutral Sentiment: Macro reports are mixed (durable goods, JOLTS, consumer sentiment); some readings push inflation expectations higher (which can buoy gold) while others reinforce rate‑tightening bets — this creates near‑term volatility rather than a clear trend. Spot gold at $5,100/oz after preliminary Consumer Sentiment falls
• Neutral Sentiment: Analysts expect more headline‑driven swings in coming weeks (rates, central bank activity, war), meaning GLDM could see quick rebounds and pullbacks depending on the next data/fed headlines. Gold Weekly Price Analysis
• Negative Sentiment: A liquidity crunch and stronger U.S. dollar ahead of the Fed meeting are pressuring gold, which weighs on GLDM since a firmer dollar reduces dollar‑priced commodity demand. Gold under pressure as liquidity crunch boosts dollar ahead of Fed meeting
• Negative Sentiment: Technical studies point to bearish patterns (bear flag, wedge breakdown) and analysts highlight downside support zones; if technical selling continues, GLDM could extend losses. Gold Price Forecast: Bear Flag Signals Potential Downside Targets
• Negative Sentiment: Rising Treasury yields and concerns about renewed inflation from higher oil can make real yields less favorable for gold, capping upside and pressuring GLDM. Gold Falls as Rising Oil Prices Spur Inflation Worries

SPDR Gold MiniShares Trust Trading Down 1.3%

GLDM opened at $99.28 on Monday. The stock has a 50-day moving average price of $97.83 and a 200-day moving average price of $86.11. SPDR Gold MiniShares Trust has a 12-month low of $58.56 and a 12-month high of $109.74.

SPDR Gold MiniShares Trust 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.