Bangor Savings Bank Sells 9,398 Shares of SPDR Gold MiniShares Trust $GLDM

Bangor Savings Bank reduced its stake in shares of SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 2.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 459,007 shares of the company’s stock after selling 9,398 shares during the quarter. SPDR Gold MiniShares Trust makes up approximately 2.9% of Bangor Savings Bank’s portfolio, making the stock its 12th largest position. Bangor Savings Bank’s holdings in SPDR Gold MiniShares Trust were worth $37,721,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Bank of New Hampshire increased its stake in SPDR Gold MiniShares Trust by 41.6% in the 3rd quarter. Bank of New Hampshire now owns 3,390 shares of the company’s stock valued at $279,000 after buying an additional 996 shares during the period. Rosenberg Matthew Hamilton boosted its stake in shares of SPDR Gold MiniShares Trust by 10.3% during the 3rd quarter. Rosenberg Matthew Hamilton now owns 2,385 shares of the company’s stock valued at $196,000 after buying an additional 223 shares during the period. Baker Tilly Wealth Management LLC grew its holdings in shares of SPDR Gold MiniShares Trust by 4.0% during the 3rd quarter. Baker Tilly Wealth Management LLC now owns 98,042 shares of the company’s stock valued at $8,057,000 after acquiring an additional 3,815 shares in the last quarter. Versant Capital Management Inc grew its holdings in shares of SPDR Gold MiniShares Trust by 9.4% during the 3rd quarter. Versant Capital Management Inc now owns 103,614 shares of the company’s stock valued at $8,515,000 after acquiring an additional 8,864 shares in the last quarter. Finally, Talon Private Wealth LLC increased its stake in shares of SPDR Gold MiniShares Trust by 100.3% in the second quarter. Talon Private Wealth LLC now owns 10,935 shares of the company’s stock worth $868,000 after acquiring an additional 5,475 shares during the last quarter.

SPDR Gold MiniShares Trust Price Performance

Shares of NYSEARCA:GLDM traded up $0.55 during midday trading on Tuesday, hitting $82.45. 3,319,848 shares of the stock were exchanged, compared to its average volume of 6,882,409. SPDR Gold MiniShares Trust has a 52-week low of $77.50 and a 52-week high of $109.74. The business’s fifty day simple moving average is $85.66 and its two-hundred day simple moving average is $86.85.

Key Headlines Impacting SPDR Gold MiniShares Trust

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

• Positive Sentiment: Gold and silver moved higher as Treasury yields eased from multi-decade highs and the U.S. dollar retreated. Those conditions reduce the opportunity cost of holding non-yielding gold and support GLDM. Metals rise as oil steadies, yields pull back from 24-year highs
• Positive Sentiment: Gold found technical support near $4,103-$4,104, raising the possibility of a short-term bounce. A sustained recovery could provide a near-term catalyst for GLDM, although the broader trend remains bearish. Gold price forecast: $4,104 support puts bears on notice
• Positive Sentiment: Central banks added 39 net tonnes of gold in August, led by China, Uzbekistan and Poland. Continued official-sector buying provides a structural demand base for gold and is supportive of GLDM. Central banks add 39 net tonnes of gold in August
• Neutral Sentiment: Central banks continue to view gold as a strategic reserve asset amid geopolitical uncertainty, sovereign-debt concerns and reduced confidence in traditional reserve currencies. Record bullion flows from Russia through Hong Kong to China also underscore shifting global demand patterns. Central banks find new reasons to increase official gold reserves
• Neutral Sentiment: Proposals to tokenize gold and the launch of new London gold futures could broaden market access, liquidity and the metal’s investment utility over time, though the immediate effect on GLDM is uncertain. Tokenization could unlock gold’s utility
• Negative Sentiment: Long-term Treasury yields remain near multi-decade highs, with the 10-year yield around 5.27%, while markets still see some risk of a December Fed hike. Higher income available from bonds and cash competes directly with GLDM. Yields still control as gold bounces

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.