Daviman Financial LLC Decreases Stock Holdings in SPDR Gold MiniShares Trust $GLDM

Daviman Financial LLC decreased its stake in shares of SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 52.4% during the first quarter, Holdings Channel reports. The firm owned 16,824 shares of the company’s stock after selling 18,546 shares during the quarter. SPDR Gold MiniShares Trust comprises about 0.9% of Daviman Financial LLC’s holdings, making the stock its 26th biggest position. Daviman Financial LLC’s holdings in SPDR Gold MiniShares Trust were worth $1,559,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. China Universal Asset Management Co. Ltd. grew its stake in shares of SPDR Gold MiniShares Trust by 9.0% during the 4th quarter. China Universal Asset Management Co. Ltd. now owns 206,200 shares of the company’s stock valued at $17,603,000 after purchasing an additional 17,000 shares during the period. Farther Finance Advisors LLC increased 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 purchasing an additional 94,239 shares during the last quarter. Financial Planning Hawaii Inc. bought a new position in shares of SPDR Gold MiniShares Trust in the 4th quarter worth approximately $2,816,000. AE Wealth Management LLC lifted its stake 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 purchasing an additional 89,313 shares during the period. Finally, Kraft Davis & Associates LLC purchased a new position in shares of SPDR Gold MiniShares Trust in the fourth quarter worth approximately $8,594,000.

More SPDR Gold MiniShares Trust News

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

• Positive Sentiment: Some analysts say the recent correction in gold is a buying opportunity, with central banks and governments still likely to support higher gold prices over time. Gold’s correction is a buying opportunity as governments won’t tolerate economic pain – Waratah Capital’s Dunkley
• Positive Sentiment: Gold is still seeing evidence of support near key technical levels, with some forecasts calling for a short-term bottom and a rebound attempt. Gold (XAU/USD) Price Forecast: Bullish Hammer Signals Potential Bottom
• Positive Sentiment: Central banks remain constructive on gold, with an OMFIF survey suggesting official institutions expect significantly higher gold prices over the next 12 months. Central banks see gold prices trading between $5,000 and $6,000 in 12 months – OMFIF Survey
• Neutral Sentiment: Some commentary says gold is rebounding from multi-month lows, but the move is still fragile and depends on whether support near $4,000 holds. Gold (XAUUSD), Silver, Platinum Forecasts – Gold Rebounds From Multi-Month Lows
• Neutral Sentiment: Gold prices remain highly sensitive to upcoming U.S. labor data and Fed-related rate expectations, leaving near-term direction uncertain. Gold (XAUUSD) Price Forecast: Will Warsh and NFP Trigger Gold’s Next Major Move?
• Negative Sentiment: Recent reports say stronger U.S. labor data, firmer Treasury yields, and a hawkish Fed repricing have pressured gold lower, which can weigh on GLDM. Silver firms while gold fades as Fed risk caps rebound – Kitco PM Report
• Negative Sentiment: Several market notes warn that gold could remain under pressure if the dollar stays strong and traders continue pricing in more Fed tightening risk. Gold Declines, Likely Weighed by Hawkish Dollar Repricing

SPDR Gold MiniShares Trust Stock Performance

Shares of NYSEARCA GLDM opened at $79.42 on Wednesday. The firm has a 50 day moving average of $87.97 and a 200 day moving average of $92.10. SPDR Gold MiniShares Trust has a 12-month low of $64.71 and a 12-month high of $109.74.

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.