SPDR Gold MiniShares Trust $GLDM Shares Purchased by Versant Capital Management Inc

Versant Capital Management Inc grew its position in SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 9.4% in the third quarter, Holdings Channel.com reports. The fund owned 103,614 shares of the company’s stock after buying an additional 8,864 shares during the period. SPDR Gold MiniShares Trust makes up 0.7% of Versant Capital Management Inc’s investment portfolio, making the stock its 26th largest holding. Versant Capital Management Inc’s holdings in SPDR Gold MiniShares Trust were worth $8,515,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Silver Oak Securities Incorporated increased its position 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 valued at $1,368,000 after purchasing an additional 108 shares during the period. Verus Capital Partners LLC lifted its position in SPDR Gold MiniShares Trust by 1.1% in the fourth quarter. Verus Capital Partners LLC now owns 10,046 shares of the company’s stock worth $858,000 after purchasing an additional 111 shares during the period. Absolute Capital Management LLC boosted its stake in SPDR Gold MiniShares Trust by 2.3% during the fourth quarter. Absolute Capital Management LLC now owns 4,956 shares of the company’s stock worth $423,000 after buying an additional 112 shares in the last quarter. Resurgent Financial Advisors LLC boosted its stake in SPDR Gold MiniShares Trust by 3.9% during the fourth quarter. Resurgent Financial Advisors LLC now owns 3,822 shares of the company’s stock worth $326,000 after buying an additional 145 shares in the last quarter. Finally, Fort Washington Investment Advisors Inc. OH boosted its stake 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 buying an additional 157 shares in the last quarter.

More SPDR Gold MiniShares Trust News

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

• Positive Sentiment: Gold rebounded ahead of the U.S. jobs report as safe-haven demand and reduced expectations for near-term Federal Reserve tightening provided support. A weaker-than-expected employment report could further benefit gold by lowering interest-rate and Treasury-yield expectations. Gold and Silver Price Forecast: Gold Rebounds, Will NFP Unlock $4,215?
• Positive Sentiment: Softer inflation data has reduced immediate Fed-hike expectations, improving the appeal of non-yielding gold. Advisors are also increasingly recommending gold as a 5% to 10% portfolio hedge against persistent inflation, debt risks and currency weakness. Gold and Silver Price Forecast: Softer PCE Cuts Fed Hike Bets Gold as a Hedge: Navigating Global Debt and Persistent Inflation
• Neutral Sentiment: Gold’s next major move is likely to depend on the U.S. payrolls report. Holding above technical support could encourage a recovery, while a weak reading may initially boost gold but also signal broader economic stress. Gold Price Forecast: Key Support Could Shape Next Major Move
• Negative Sentiment: A stronger U.S. dollar and elevated Treasury yields continue to pressure gold by increasing the opportunity cost of holding a non-yielding asset. Recent resilient employment data and a rise in long-term yields have limited the metal’s recovery. Gold Falls; U.S. Dollar, Yields Key Obstacles for Price Gain
• Negative Sentiment: Bank of America warned that gold could fall below $4,000 in the fourth quarter if higher yields and interest-rate expectations persist. Technical analysts also see downside risk if key support levels fail, which would likely weigh on GLDM. Risks Rising That Gold Prices Fall Below $4,000 in Q4

SPDR Gold MiniShares Trust Price Performance

Shares of SPDR Gold MiniShares Trust stock opened at $82.61 on Friday. SPDR Gold MiniShares Trust has a 52-week low of $75.60 and a 52-week high of $109.74. The company’s fifty day moving average price is $85.60 and its two-hundred day moving average price is $87.09.

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.