SPDR Gold MiniShares Trust $GLDM Shares Acquired by Penobscot Wealth Management

Penobscot Wealth Management increased its stake in SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 14.8% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 62,725 shares of the company’s stock after buying an additional 8,087 shares during the period. SPDR Gold MiniShares Trust comprises about 1.7% of Penobscot Wealth Management’s investment portfolio, making the stock its 11th largest position. Penobscot Wealth Management’s holdings in SPDR Gold MiniShares Trust were worth $5,814,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the stock. China Universal Asset Management Co. Ltd. increased its holdings in SPDR Gold MiniShares Trust by 9.0% in the fourth quarter. China Universal Asset Management Co. Ltd. now owns 206,200 shares of the company’s stock valued at $17,603,000 after buying an additional 17,000 shares during the last quarter. Financial Planning Hawaii Inc. bought a new stake in shares of SPDR Gold MiniShares Trust in the 4th quarter valued at approximately $2,816,000. Farther Finance Advisors LLC raised its position in shares of SPDR Gold MiniShares Trust by 17.4% during the 4th quarter. Farther Finance Advisors LLC now owns 635,706 shares of the company’s stock valued at $54,270,000 after acquiring an additional 94,239 shares in the last quarter. Arete Wealth Advisors LLC lifted its stake in SPDR Gold MiniShares Trust by 23.9% during the third quarter. Arete Wealth Advisors LLC now owns 57,034 shares of the company’s stock worth $4,365,000 after purchasing an additional 10,994 shares during the last quarter. Finally, AE Wealth Management LLC lifted its position in shares of SPDR Gold MiniShares Trust by 37.0% in the 4th quarter. AE Wealth Management LLC now owns 330,650 shares of the company’s stock worth $28,228,000 after buying an additional 89,313 shares during the last quarter.

SPDR Gold MiniShares Trust Price Performance

Shares of NYSEARCA GLDM opened at $79.66 on Friday. SPDR Gold MiniShares Trust has a 52-week low of $64.46 and a 52-week high of $109.74. The firm’s 50-day moving average price is $88.89 and its two-hundred day moving average price is $92.18.

Key Stories Impacting SPDR Gold MiniShares Trust

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

• Positive Sentiment: Gold prices rebounded at points during Thursday’s session as lower Treasury yields, a softer dollar, and bargain hunting helped metals recover from the prior day’s selloff, supporting GLDM. Gold holds $4,000 as Fed hawkishness offsets renewed Gulf risk – Kitco PM Report
• Positive Sentiment: Disappointing economic data, including weaker durable goods orders and softer jobless claims, briefly pushed gold back above the key $4,000 level as investors looked for safety. Gold clings to $4,000/oz after U.S. durable goods drop -4.5% in May Spot gold shoots back above $4,000/oz after U.S. weekly jobless claims dip to 215k
• Neutral Sentiment: Some analysts say gold remains supported by ongoing geopolitical risk and strong central-bank demand, which could help limit further downside even after the recent correction. Gold (XAUUSD) & Silver Price Forecast: Gold Breaks $3,980 as Silver Dives to $57 Amid Ceasefire — Bearish Turn? Gold’s 28% correction is painful, but history suggests the bull market isn’t over
• Negative Sentiment: Multiple market reports warned that gold is struggling below key support and may face deeper downside if the U.S. dollar stays strong and yields remain elevated, which is weighing on GLDM. Gold is going lower, but DeCarley Trading’s Garner sees one potential trade to play this summer Gold (XAU/USD) Price Forecast: Trendline Failure Signals Deeper Downside Risk Gold price could struggle through 2026 as it loses safe-haven status to US bonds – BI’s McGlone

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.