Kingsview Wealth Management LLC Lowers Stock Position in SPDR Gold MiniShares Trust $GLDM

Kingsview Wealth Management LLC reduced its stake in shares of SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 23.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,622 shares of the company’s stock after selling 6,912 shares during the period. Kingsview Wealth Management LLC’s holdings in SPDR Gold MiniShares Trust were worth $1,931,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in GLDM. Mizuho Bank Ltd. purchased a new position in shares of SPDR Gold MiniShares Trust during the 3rd quarter valued at about $137,763,000. Bank of America Corp DE boosted its stake in shares of SPDR Gold MiniShares Trust by 28.6% in the third quarter. Bank of America Corp DE now owns 7,367,296 shares of the company’s stock worth $563,230,000 after acquiring an additional 1,636,398 shares during the period. Payden & Rygel bought a new position in shares of SPDR Gold MiniShares Trust in the fourth quarter worth about $110,981,000. Argos Wealth Advisors LLC bought a new position in shares of SPDR Gold MiniShares Trust in the fourth quarter worth about $67,468,000. Finally, Corient Private Wealth LLC boosted its stake in shares of SPDR Gold MiniShares Trust by 3,304.3% in the second quarter. Corient Private Wealth LLC now owns 637,414 shares of the company’s stock worth $41,763,000 after acquiring an additional 618,690 shares during the period.

SPDR Gold MiniShares Trust Price Performance

NYSEARCA GLDM opened at $89.93 on Monday. The business has a 50-day moving average price of $91.64 and a 200-day moving average price of $91.88. SPDR Gold MiniShares Trust has a twelve month low of $64.46 and a twelve month high of $109.74.

SPDR Gold MiniShares Trust News Roundup

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

• Positive Sentiment: Gold rebounded after weak U.S. growth data and softer labor signals, including higher jobless claims and disappointing housing data, which improved the case for future Fed rate cuts and supported bullion prices. Gold rebounds as weak GDP offsets Hormuz risk – Kitco PM Report
• Positive Sentiment: Several technical-analysis pieces suggest gold is trying to build a bullish reversal after finding support near major moving averages, which can encourage dip-buying in GLDM. Gold (XAU/USD) Price Forecast: Falling Wedge Signals Bullish Reversal
• Positive Sentiment: Traders also bought gold on hopes that a U.S.-Iran deal could reduce geopolitical risk in a way that keeps markets focused on safe-haven demand and broader macro uncertainty. Gold (XAUUSD), Silver, Platinum Forecasts – Gold Prices Jump Amid Iran Deal Hopes
• Neutral Sentiment: Gold is now in a data-dependent phase, with investors watching manufacturing and jobs reports closely because they could change expectations for Fed policy and move gold-related funds like GLDM. Gold braces for labor market week as investors eye manufacturing, jobs data
• Negative Sentiment: Gold also faced pressure when the dollar firmed and Treasury yields rose, reminding investors that higher rates can weigh on non-yielding assets like gold and limit GLDM upside. Gold Price Analysis – Gold Continues to Move with Bond Yields

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.