12,099 Shares in SPDR Gold MiniShares Trust $GLDM Acquired by Whelan Financial

Whelan Financial bought a new stake in shares of SPDR Gold MiniShares Trust (NYSEARCA:GLDM) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 12,099 shares of the company’s stock, valued at approximately $994,000.

Several other large investors have also recently made changes to their positions in the company. Beacon Financial Advisory LLC lifted its stake in shares of SPDR Gold MiniShares Trust by 3.6% in the 2nd quarter. Beacon Financial Advisory LLC now owns 4,658 shares of the company’s stock valued at $370,000 after purchasing an additional 163 shares during the period. Cassilly Financial Group LLC grew its position in SPDR Gold MiniShares Trust by 2.7% during the third quarter. Cassilly Financial Group LLC now owns 6,782 shares of the company’s stock valued at $557,000 after buying an additional 180 shares during the period. PNC Financial Services Group Inc. grew its position 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 during the period. Carnegie Investment Counsel grew its position in SPDR Gold MiniShares Trust by 6.0% during the first quarter. Carnegie Investment Counsel now owns 3,550 shares of the company’s stock valued at $329,000 after buying an additional 200 shares during the period. Finally, Appleton Partners Inc. MA increased its holdings in SPDR Gold MiniShares Trust by 2.7% in the first quarter. Appleton Partners Inc. MA now owns 7,803 shares of the company’s stock valued at $723,000 after buying an additional 202 shares in the last quarter.

SPDR Gold MiniShares Trust Stock Down 3.4%

GLDM opened at $76.83 on Friday. The company has a fifty day moving average of $84.27 and a two-hundred day moving average of $89.02. SPDR Gold MiniShares Trust has a fifty-two week low of $76.54 and a fifty-two week high of $109.74.

SPDR Gold MiniShares Trust News Summary

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

• Positive Sentiment: Gold’s contribution to the Swiss National Bank’s third-quarter profit highlights the value of the metal in central-bank reserves. The SNB reported a 7.6 billion-franc gain from gold, although the result does not directly improve GLDM’s near-term outlook. Swiss central bank posts bumper $23bn profit as gold, foreign assets soar
• Neutral Sentiment: Technical analysts are watching support near $3,950, $3,900 and the longer-term $3,886–$3,708 retracement zone. A stabilization at these levels could attract buyers, while further breaks would indicate additional downside risk for GLDM. Gold Price Forecast: Mass Liquidation Puts $3,886–$3,708 in Play
• Negative Sentiment: Persistent inflation, stronger-than-expected U.S. GDP and elevated real Treasury yields have increased expectations that the Federal Reserve could keep rates higher or resume tightening. Higher yields raise the opportunity cost of holding non-yielding gold and are the main catalyst weighing on GLDM. Gold and Silver Price Forecast: Hot PCE Lifts Hike Odds
• Negative Sentiment: Gold has broken key technical support and analysts describe the move as a bearish reversal or mass liquidation. Forecasts now warn of a deeper correction if $3,950 and $3,900 fail to hold. Gold Price Forecast – Gold Drops Below $4000
• Negative Sentiment: The Federal Reserve’s rate hold has not removed the possibility of a future hike, keeping bond yields supported and limiting gold’s appeal. This macro backdrop has pressured both gold and silver and is likely driving GLDM’s weakness. Gold Declines, Weighed by Tighter Monetary Policy Expectations

About SPDR Gold MiniShares Trust

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.