Certior Financial Group LLC Trims Stock Holdings in SPDR Gold MiniShares Trust $GLDM

Certior Financial Group LLC reduced its stake in SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 56.6% during the fourth quarter, HoldingsChannel reports. The fund owned 34,173 shares of the company’s stock after selling 44,599 shares during the period. SPDR Gold MiniShares Trust comprises approximately 2.0% of Certior Financial Group LLC’s holdings, making the stock its 14th largest position. Certior Financial Group LLC’s holdings in SPDR Gold MiniShares Trust were worth $2,917,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the stock. U.S. Capital Wealth Advisors LLC grew its stake in shares of SPDR Gold MiniShares Trust by 0.8% in the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 14,147 shares of the company’s stock worth $1,208,000 after acquiring an additional 112 shares during the last quarter. EverSource Wealth Advisors LLC boosted its position in SPDR Gold MiniShares Trust by 34.6% in the third quarter. EverSource Wealth Advisors LLC now owns 564 shares of the company’s stock worth $43,000 after purchasing an additional 145 shares during the last quarter. Meredith Wealth Planning boosted its position in SPDR Gold MiniShares Trust by 3.8% in the fourth quarter. Meredith Wealth Planning now owns 4,197 shares of the company’s stock worth $358,000 after purchasing an additional 152 shares during the last quarter. Crews Bank & Trust boosted its position in SPDR Gold MiniShares Trust by 2.1% in the fourth quarter. Crews Bank & Trust now owns 8,450 shares of the company’s stock worth $721,000 after purchasing an additional 175 shares during the last quarter. Finally, Caitlin John LLC raised its stake in shares of SPDR Gold MiniShares Trust by 0.9% in the third quarter. Caitlin John LLC now owns 19,579 shares of the company’s stock worth $1,497,000 after buying an additional 177 shares during the period.

SPDR Gold MiniShares Trust News Roundup

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

• Positive Sentiment: Gold rebounded above $4,700 as traders looked past Middle East tensions, reinforcing safe-haven demand for bullion-linked funds like GLDM. Gold rebounds above $4,700 as investors look past Middle East tensions
• Positive Sentiment: Falling Treasury yields helped push gold higher, which is supportive for GLDM because gold does not pay interest and tends to benefit when yields ease. Gold (XAUUSD), Silver, Platinum Forecasts – Gold Moves Higher Amid Falling Treasury Yields
• Positive Sentiment: Weak consumer sentiment and softer inflation expectations lifted spot gold to session highs, adding momentum to the bullish case for GLDM. Spot gold hits session high after preliminary Consumer Sentiment drops to 48.2, one-year inflation expectations dip to 4.5%
• Positive Sentiment: Gold and silver extended gains after the latest payrolls data and labor-market weakness bolstered the case for a more dovish rate outlook. Gold, silver extend gains as payrolls beat forecasts – Kitco AM Report
• Positive Sentiment: Central banks, including China, are reportedly continuing to buy gold on dips, supporting long-term demand for the metal. China and other central banks continue to buy the dip in gold

SPDR Gold MiniShares Trust Price Performance

NYSEARCA GLDM opened at $93.49 on Monday. The stock’s 50-day moving average price is $95.08 and its 200-day moving average price is $90.71. SPDR Gold MiniShares Trust has a 52 week low of $62.70 and a 52 week high of $109.74.

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.