Daviman Financial LLC Cuts Stake in SPDR Gold MiniShares Trust $GLDM

Daviman Financial LLC reduced its position in shares of SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 52.4% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 16,824 shares of the company’s stock after selling 18,546 shares during the quarter. SPDR Gold MiniShares Trust accounts for about 0.9% of Daviman Financial LLC’s investment portfolio, making the stock its 26th biggest holding. Daviman Financial LLC’s holdings in SPDR Gold MiniShares Trust were worth $1,559,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares 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 acquiring an additional 108 shares in the last quarter. Verus Capital Partners LLC lifted its position in SPDR Gold MiniShares Trust by 1.1% in the 4th quarter. Verus Capital Partners LLC now owns 10,046 shares of the company’s stock valued at $858,000 after acquiring an additional 111 shares in the last quarter. U.S. Capital Wealth Advisors LLC lifted its position in SPDR Gold MiniShares Trust by 0.8% in the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 14,147 shares of the company’s stock valued at $1,208,000 after acquiring an additional 112 shares in the last quarter. Absolute Capital Management LLC boosted its stake in 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 valued at $423,000 after purchasing an additional 112 shares during the last quarter. Finally, One Charles Private Wealth Services LLC boosted its stake in SPDR Gold MiniShares Trust by 0.5% during the 4th quarter. One Charles Private Wealth Services LLC now owns 25,976 shares of the company’s stock valued at $2,218,000 after purchasing an additional 120 shares during the last quarter.

SPDR Gold MiniShares Trust Price Performance

SPDR Gold MiniShares Trust stock opened at $79.42 on Wednesday. SPDR Gold MiniShares Trust has a 12 month low of $64.71 and a 12 month high of $109.74. The stock has a fifty day simple moving average of $87.97 and a two-hundred day simple moving average of $92.10.

Key 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 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.