Confluence Investment Management LLC Sells 193,603 Shares of SPDR Gold MiniShares Trust $GLDM

Confluence Investment Management LLC lessened its stake in SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 37.0% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 329,014 shares of the company’s stock after selling 193,603 shares during the quarter. Confluence Investment Management LLC’s holdings in SPDR Gold MiniShares Trust were worth $27,038,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in GLDM. Silver Oak Securities Incorporated grew its holdings in SPDR Gold MiniShares Trust by 0.7% during the 1st quarter. Silver Oak Securities Incorporated now owns 14,763 shares of the company’s stock worth $1,368,000 after acquiring an additional 108 shares in the last quarter. Verus Capital Partners LLC boosted its position in shares of SPDR Gold MiniShares Trust by 1.1% during the 4th quarter. Verus Capital Partners LLC now owns 10,046 shares of the company’s stock worth $858,000 after acquiring an additional 111 shares in the last quarter. Absolute Capital Management LLC boosted its position in shares of SPDR Gold MiniShares Trust by 2.3% during the 4th quarter. Absolute Capital Management LLC now owns 4,956 shares of the company’s stock worth $423,000 after acquiring an additional 112 shares in the last quarter. Resurgent Financial Advisors LLC increased its holdings in shares of SPDR Gold MiniShares Trust by 3.9% in the 4th 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 during the last quarter. Finally, Fort Washington Investment Advisors Inc. OH increased its holdings in shares of SPDR Gold MiniShares Trust by 1.2% in the 1st quarter. Fort Washington Investment Advisors Inc. OH now owns 13,601 shares of the company’s stock valued at $1,261,000 after acquiring an additional 157 shares during the last quarter.

SPDR Gold MiniShares Trust Price Performance

Shares of NYSEARCA GLDM traded up $0.19 during midday trading on Thursday, hitting $82.37. 1,671,270 shares of the company’s stock were exchanged, compared to its average volume of 6,904,665. SPDR Gold MiniShares Trust has a twelve month low of $75.60 and a twelve month high of $109.74. The firm’s fifty day simple moving average is $85.55 and its 200-day simple moving average is $87.21.

SPDR Gold MiniShares Trust News Summary

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

• Positive Sentiment: Softer-than-expected inflation and a slight miss in the September ISM Manufacturing PMI reduced expectations for near-term Federal Reserve tightening, offering support to gold. However, gold remained near session lows after the data. Gold and Silver Price Forecast: Softer PCE Cuts Fed Hike Bets Gold price after ISM Manufacturing PMI
• Positive Sentiment: Analysts continue to cite strong exchange-traded-fund and central-bank demand, with some forecasting a recovery above $5,000 per ounce in 2027 and a potentially stronger fourth quarter if yields ease. These longer-term views provide a bullish backdrop for GLDM. Morgan Stanley gold forecast
• Neutral Sentiment: Gold is trading sideways as markets await U.S. payrolls, which could provide the next major signal for interest-rate expectations. Gold Price Forecast – Gold Continues to Drift Back and Forth
• Neutral Sentiment: Joan Binstock joined the board and audit committee of the World Gold Trust sponsor, a governance development with limited immediate impact on GLDM’s underlying gold exposure. Joan Binstock joins World Gold Trust sponsor board
• Negative Sentiment: The 10-year Treasury yield is approaching 5.34%, while the dollar remains firm. Higher yields increase the opportunity cost of holding non-yielding gold and are keeping buyers defensive. Gold forecast as 10-year yield rises
• Negative Sentiment: Resilient labor data—including unemployment claims below expectations and stronger ADP private payroll growth—could support a more restrictive Fed outlook. Technical analysts also warn that breaks below key support levels could deepen gold’s correction. Gold and solid US labor market

SPDR Gold MiniShares Trust 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.