58,787 SPDR Gold MiniShares Trust $GLDM Shares Acquired by Financial Enhancement Group LLC

Financial Enhancement Group LLC raised its position in SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 117.8% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 108,686 shares of the company’s stock after purchasing an additional 58,787 shares during the period. Financial Enhancement Group LLC’s holdings in SPDR Gold MiniShares Trust were worth $8,816,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently added to or reduced their stakes in the company. Silver Oak Securities Incorporated lifted its holdings in shares of SPDR Gold MiniShares Trust by 0.7% during the first quarter. Silver Oak Securities Incorporated now owns 14,763 shares of the company’s stock worth $1,368,000 after buying an additional 108 shares in the last quarter. Absolute Capital Management LLC grew its stake in shares of SPDR Gold MiniShares Trust by 2.3% in the fourth quarter. Absolute Capital Management LLC now owns 4,956 shares of the company’s stock valued at $423,000 after acquiring an additional 112 shares in the last quarter. Resurgent Financial Advisors LLC grew its stake in shares of SPDR Gold MiniShares Trust by 3.9% in the fourth quarter. Resurgent Financial Advisors LLC now owns 3,822 shares of the company’s stock valued at $326,000 after acquiring an additional 145 shares in the last quarter. Fort Washington Investment Advisors Inc. OH increased its position in SPDR Gold MiniShares Trust by 1.2% during the first quarter. Fort Washington Investment Advisors Inc. OH now owns 13,601 shares of the company’s stock worth $1,261,000 after acquiring an additional 157 shares during the period. Finally, Beacon Financial Advisory LLC increased its position in SPDR Gold MiniShares Trust by 3.6% during the second quarter. Beacon Financial Advisory LLC now owns 4,658 shares of the company’s stock worth $370,000 after acquiring an additional 163 shares during the period.

SPDR Gold MiniShares Trust Price Performance

SPDR Gold MiniShares Trust stock traded up $0.61 during midday trading on Thursday, hitting $81.72. The company’s stock had a trading volume of 6,996,993 shares, compared to its average volume of 6,864,767. SPDR Gold MiniShares Trust has a 1-year low of $77.50 and a 1-year high of $109.74. The company has a 50-day moving average price of $85.74 and a two-hundred day moving average price of $86.68.

SPDR Gold MiniShares Trust News Roundup

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

• Positive Sentiment: Gold rebounded as Treasury yields pulled back and the dollar weakened, conditions that generally support non-yielding assets such as gold and could help GLDM recover. Gold, Silver, Platinum Forecasts – Gold Attempts to Rebound as Treasury Yields Pull Back
• Positive Sentiment: Sprott said gold is attracting fresh ETF inflows despite elevated bond yields, while central banks’ continued shift away from dollar assets supports the longer-term bullish case for bullion and GLDM. Gold Gains Ground as Central Banks Retreat from Dollar Assets and Inflation Undermines Bonds
• Positive Sentiment: China’s central bank bought 21 tonnes of gold in September, extending its purchasing streak to 23 months. Official-sector demand remains an important long-term tailwind for gold-backed funds. China’s Central Bank Buys 21 Tonnes of Gold in September
• Neutral Sentiment: Gold is testing support near $4,100–$4,103. A double-bottom or bullish-wedge breakout could trigger a recovery, but a decisive breakdown would signal additional downside for GLDM. Gold Price Forecast: $4,103 Support Holds Key to Next Move
• Negative Sentiment: Fed communications have kept the possibility of another rate hike alive. Higher-for-longer rates, rising Treasury yields and a stronger dollar raise the opportunity cost of holding gold and are the main reasons bullion—and recently GLDM—has decreased. Fed Minutes Weigh on Gold as It Tests $4,100
• Negative Sentiment: Better-than-expected U.S. jobless claims reinforced the perception of a resilient economy, potentially giving the Federal Reserve more room to maintain restrictive policy. Gold Price at $4,122 After U.S. Jobless Claims Fall

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.