Mirae Asset Global Investments Co. Ltd. Increases Stock Holdings in SPDR Gold MiniShares Trust $GLDM

Mirae Asset Global Investments Co. Ltd. increased its stake in shares of SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 12.0% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 247,700 shares of the company’s stock after acquiring an additional 26,500 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in SPDR Gold MiniShares Trust were worth $18,937,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Empower Advisory Group LLC purchased a new stake in shares of SPDR Gold MiniShares Trust during the second quarter valued at approximately $336,022,000. Sumitomo Mitsui Trust Group Inc. grew its holdings in SPDR Gold MiniShares Trust by 26.6% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 18,477,937 shares of the company’s stock valued at $1,412,638,000 after purchasing an additional 3,881,643 shares in the last quarter. 3EDGE Asset Management LP increased its stake in SPDR Gold MiniShares Trust by 43.0% during the 2nd quarter. 3EDGE Asset Management LP now owns 2,211,620 shares of the company’s stock worth $144,905,000 after buying an additional 664,523 shares during the period. CWM LLC lifted its holdings in SPDR Gold MiniShares Trust by 508.4% in the 3rd quarter. CWM LLC now owns 781,531 shares of the company’s stock worth $59,748,000 after buying an additional 653,080 shares in the last quarter. Finally, Corient Private Wealth LLC boosted its position in SPDR Gold MiniShares Trust by 3,304.3% in the 2nd quarter. Corient Private Wealth LLC now owns 637,414 shares of the company’s stock valued at $41,763,000 after buying an additional 618,690 shares during the last quarter.

SPDR Gold MiniShares Trust Stock Performance

Shares of SPDR Gold MiniShares Trust stock opened at $106.77 on Friday. SPDR Gold MiniShares Trust has a 1-year low of $55.06 and a 1-year high of $109.74. The business has a 50-day moving average of $88.39 and a 200-day moving average of $78.60.

SPDR Gold MiniShares Trust News Roundup

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

• Positive Sentiment: Safe?haven demand from renewed Iran tensions is supporting gold prices and ETF inflows, a tailwind for GLDM. Gold Rises Amid Ongoing Iran Tensions
• Positive Sentiment: Dollar weakness and growing expectations of Fed easing are helping push gold to record levels, which typically benefits gold ETFs like GLDM. Gold’s Glittering Run Pushes Prices Above $5,500
• Positive Sentiment: World Gold Council and industry commentary point to structural demand (central bank buying, portfolio reallocation to gold) — supports sustained ETF flows into GLDM. Gold Demand to Remain Strong as Investors Reassess Risk, WGC Says
• Positive Sentiment: Institutional allocations and ETF momentum are rising — Tether’s plan to allocate a material portion of its portfolio to physical gold and Benzinga’s note on ETFs hitting elite momentum both suggest further demand for GLDM. Tether CEO aims to allocate up to 15% of its portfolio to gold
• Neutral Sentiment: Strong gold price action is lifting mining stocks and dividends in the sector, which may attract capital away from ETFs periodically but also reflects the same bullish backdrop for GLDM. Endeavour confirms bumper dividend
• Negative Sentiment: Technical indicators and several analyst notes warn of a near?term pullback or consolidation after rapid record highs — this raises short?term volatility and the risk of outflows from GLDM. Gold (XAU/USD) Price Forecast: Volatility Signals Near-Term Pullback Risk
• Negative Sentiment: Commentary labeling the move as “blow?off” or calling out profit?taking episodes highlights the risk of a sharp short?term correction in gold and therefore in GLDM. This Looks Like 1980: Gold and Silver Enter Blow-Off Madness

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.