Portside Wealth Group LLC Sells 51,383 Shares of SPDR Gold MiniShares Trust $GLDM

Portside Wealth Group LLC lowered its position in SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 52.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 46,484 shares of the company’s stock after selling 51,383 shares during the period. Portside Wealth Group LLC’s holdings in SPDR Gold MiniShares Trust were worth $3,968,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also made changes to their positions in the company. Deane Retirement Strategies Inc. lifted its position in shares of SPDR Gold MiniShares Trust by 126.4% during the third quarter. Deane Retirement Strategies Inc. now owns 335 shares of the company’s stock worth $26,000 after purchasing an additional 187 shares during the last quarter. Accredited Wealth Management LLC lifted its position in shares of SPDR Gold MiniShares Trust by 174.4% during the third quarter. Accredited Wealth Management LLC now owns 343 shares of the company’s stock worth $26,000 after purchasing an additional 218 shares during the last quarter. Financial Consulate Inc. bought a new stake in shares of SPDR Gold MiniShares Trust during the third quarter worth $34,000. Family Legacy Financial Solutions LLC bought a new stake in shares of SPDR Gold MiniShares Trust during the third quarter worth $36,000. Finally, Evolution Wealth Management Inc. raised its stake in shares of SPDR Gold MiniShares Trust by 55.1% during the third quarter. Evolution Wealth Management Inc. now owns 490 shares of the company’s stock valued at $37,000 after acquiring an additional 174 shares in the last quarter.

Key Headlines Impacting SPDR Gold MiniShares Trust

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

• Positive Sentiment: Analysts at Merrill say gold’s fundamental demand drivers should reassert themselves after the initial shock from the Iran conflict fades — a view that supports longer‑term bullion demand and GLDM. Gold’s demand drivers ‘should once again reassert themselves’ after Iran war shock fades – Merrill’s Avioli
• Positive Sentiment: ISM services PMI softened in March, and market coverage links that data to a modest safe‑haven bid into gold — supportive for GLDM if growth concerns persist. Gold Edges Higher; ISM Services PMI Falls In March
• Positive Sentiment: Spot gold coverage highlights Iran‑related price shocks boosting bullion to multi‑thousand dollar levels, underpinning GLDM’s asset base while geopolitical risk is elevated. Spot gold at $4,667/oz after ISM Services PMI falls 54 in March as Iran price shocks raise concern
• Neutral Sentiment: Technical analysts point to intra‑day entry levels and short‑term buying that can produce choppy but tradable moves — short‑term volatility for GLDM rather than a clear trend. Gold market analysis for April 6 – key intra-day price entry levels for active traders
• Neutral Sentiment: Reports that a possible truce rumor cooled safe‑haven flows have kept gold range‑bound — valuable context but ambiguous for GLDM’s near‑term direction. Gold (XAUUSD) & Silver Price Forecast: Gold Eyes $4,700 as Truce Rumors Cool Safe-Haven Bid; Will It Also Reclaim $4,800?
• Neutral Sentiment: Large central‑bank moves (Bank of France selling then buying back U.S. gold reserves) are notable for market structure but don’t provide a clear directional impulse for bullion prices. Bank of France sells its 129-tonne US gold reserve, then buys it back in Europe for tidy $15 billion profit
• Negative Sentiment: Wall Street coverage notes gold fell on dollar strength and inflation worries — a stronger dollar and rising real yields typically weigh on GLDM. Gold Falls Amid Dollar Strength, Inflation Worries
• Negative Sentiment: FXEmpire and others emphasize that a firm U.S. dollar and rising rate expectations cap gold’s upside, keeping GLDM under pressure until rates/dollar momentum eases. Gold, US Dollar and Bond Yields: Strong Dollar Caps XAUUSD Near Key Resistance
• Negative Sentiment: Other near‑term commentary notes pullbacks as traders rotate on Middle East headlines — episodic profit‑taking can push GLDM lower during risk‑on windows. Gold (XAUUSD), Silver, Platinum Forecasts – Gold Pulls Back As Traders Focus On Middle East Tensions

SPDR Gold MiniShares Trust Stock Down 0.4%

SPDR Gold MiniShares Trust stock opened at $92.13 on Tuesday. The company has a 50 day moving average price of $97.70 and a 200-day moving average price of $88.44. SPDR Gold MiniShares Trust has a fifty-two week low of $58.56 and a fifty-two week high of $109.74.

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.