Mizuho Bank Ltd. bought a new position in shares of SPDR Gold MiniShares Trust (NYSEARCA:GLDM – Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,802,000 shares of the company’s stock, valued at approximately $137,763,000. SPDR Gold MiniShares Trust makes up 15.3% of Mizuho Bank Ltd.’s investment portfolio, making the stock its 3rd largest holding.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Sumitomo Mitsui Trust Group Inc. grew its position in SPDR Gold MiniShares Trust by 26.6% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 18,477,937 shares of the company’s stock worth $1,412,638,000 after buying an additional 3,881,643 shares in the last quarter. Empower Advisory Group LLC bought a new stake in shares of SPDR Gold MiniShares Trust during the 2nd quarter valued at $336,022,000. 3EDGE Asset Management LP grew its holdings in shares of SPDR Gold MiniShares Trust by 22.1% during the 3rd quarter. 3EDGE Asset Management LP now owns 2,700,196 shares of the company’s stock worth $206,430,000 after purchasing an additional 488,576 shares in the last quarter. State Street Corp increased its position in shares of SPDR Gold MiniShares Trust by 0.3% in the second quarter. State Street Corp now owns 2,695,268 shares of the company’s stock worth $176,594,000 after purchasing an additional 8,380 shares during the period. Finally, Ameriprise Financial Inc. raised its stake in SPDR Gold MiniShares Trust by 10.4% in the second quarter. Ameriprise Financial Inc. now owns 2,429,541 shares of the company’s stock valued at $159,121,000 after purchasing an additional 229,479 shares in the last quarter.
Trending Headlines about SPDR Gold MiniShares Trust
Here are the key news stories impacting SPDR Gold MiniShares Trust this week:
- Positive Sentiment: Weak U.S. payrolls and other economic misses are pushing investors into gold as a hedge, supporting GLDM inflows and price gains. Gold (XAUUSD), Silver, Platinum Forecasts – Gold Rebounds As Non Farm Payrolls Miss Estimates
- Positive Sentiment: Kitco reports a notable jump in gold after the U.S. economy lost 92K jobs, a direct catalyst for safe?haven buying that benefits GLDM. Gold prices jump as the U.S. economy loses 92k jobs
- Positive Sentiment: Slowing U.S. retail sales reinforced recession/weakness concerns, helping gold rally intraday—another supportive input for GLDM demand. Gold rallies near session highs after U.S. retail sales drop -0.2% in January
- Positive Sentiment: ETF-focused commentary highlights rising inflation fears (driven by oil) and fading rate?cut expectations, encouraging investors to use ETFs like GLDM as inflation/defensive exposure. Inflation Pressure Intensifying? ETFs May Help Stay Prepared
- Neutral Sentiment: Geopolitical volatility (U.S.–Iran) continues to keep gold volatile — it can lift GLDM on risk spikes but hasn’t produced consistent, sustained safe?haven flows. Dollar, bonds, or gold – which is the safest haven to hold?
- Negative Sentiment: Technical analysts warn of bearish wedge breakouts and measured downside targets for gold—signals that could pressure GLDM if momentum confirms. Gold (XAU/USD) Price Forecast: Wedge Breakout Suggests Further Downside
- Negative Sentiment: Additional technical pieces note a bearish breakdown and key support tests ahead; sustained technical weakness would be a headwind for GLDM flows. Gold (XAU/USD) Price Forecast: Bearish Wedge Breakdown Signals Key Support Tests
- Negative Sentiment: Reports that a major sovereign buyer may start selling gold to fund defense spending create a potential structural supply/demand risk that could weigh on GLDM if realized. The world’s biggest sovereign gold buyer might start selling to double defense budget
SPDR Gold MiniShares Trust Stock Up 1.6%
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.
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