Bank of New York Mellon Corp Sells 91,162 Shares of SPDR Gold MiniShares Trust $GLDM

Bank of New York Mellon Corp trimmed its position in SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 10.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 749,413 shares of the company’s stock after selling 91,162 shares during the period. Bank of New York Mellon Corp’s holdings in SPDR Gold MiniShares Trust were worth $69,463,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Godfrey Financial Associates Inc. purchased a new stake in shares of SPDR Gold MiniShares Trust in the fourth quarter worth $26,000. HHM Wealth Advisors LLC grew its position in SPDR Gold MiniShares Trust by 236.7% during the first quarter. HHM Wealth Advisors LLC now owns 303 shares of the company’s stock worth $28,000 after buying an additional 213 shares in the last quarter. Root Financial Partners LLC increased its stake in SPDR Gold MiniShares Trust by 548.2% in the 4th quarter. Root Financial Partners LLC now owns 363 shares of the company’s stock worth $31,000 after acquiring an additional 307 shares during the last quarter. Networth Advisors LLC purchased a new stake in shares of SPDR Gold MiniShares Trust in the 4th quarter valued at about $33,000. Finally, Gould Capital LLC raised its holdings in shares of SPDR Gold MiniShares Trust by 377.8% in the 3rd quarter. Gould Capital LLC now owns 516 shares of the company’s stock valued at $39,000 after acquiring an additional 408 shares in the last quarter.

SPDR Gold MiniShares Trust Stock Performance

GLDM stock opened at $81.74 on Thursday. The company’s 50 day moving average is $84.12 and its 200 day moving average is $91.44. SPDR Gold MiniShares Trust has a 1-year low of $64.71 and a 1-year high of $109.74.

Key Stories Impacting SPDR Gold MiniShares Trust

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

• Positive Sentiment: Spot gold rose as buyers tested key resistance levels near $4,160, helping lift gold-backed ETFs like GLDM. Gold rallies as buyers test $4,160, oil lifts yields – Kitco PM Report
• Positive Sentiment: Gold broke above key technical resistance, with traders watching for confirmation of a broader bullish move if prices clear the next major levels. Gold (XAU/USD) Price Forecast: Breakout Opens the Door to Higher Targets
• Positive Sentiment: High-profile bullish commentary from investors like John Paulson reinforced the view that gold remains in the early stages of a long-term bull market, supported by central bank and private-sector buying. John Paulson says we are in the early stages of a long-term bull market for gold
• Positive Sentiment: Multiple market reports noted that gold is holding a rebound despite rising yields and oil-related volatility, which suggests persistent defensive demand. Gold rallies above $4,120 as buyers test resistance – Kitco AM Report
• Neutral Sentiment: Analysts also pointed to long-term support from central-bank buying, inflation hedging, and geopolitical risk, which keeps the outlook constructive but does not change near-term ETF mechanics. Gold’s long-term investment case is strong, and miners offer greatest upside – VanEck’s Casanova
• Neutral Sentiment: Some commentary suggested gold still faces resistance around the $4,200 area and must clear that level to confirm a stronger upside breakout. Gold (XAUUSD) Price Forecast: Can Gold Hold Its Rally Before the Fed?

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.