Tidal Investments LLC Buys 13,146 Shares of SPDR Gold MiniShares Trust $GLDM

Tidal Investments LLC grew its position in shares of SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 1.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 978,859 shares of the company’s stock after buying an additional 13,146 shares during the quarter. Tidal Investments LLC owned approximately 0.28% of SPDR Gold MiniShares Trust worth $77,741,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the company. Archford Capital Strategies LLC raised its position in SPDR Gold MiniShares Trust by 6.8% in the 2nd quarter. Archford Capital Strategies LLC now owns 89,093 shares of the company’s stock worth $7,076,000 after purchasing an additional 5,711 shares during the last quarter. Capital Analysts LLC boosted its position in SPDR Gold MiniShares Trust by 8.5% in the 2nd quarter. Capital Analysts LLC now owns 17,289 shares of the company’s stock valued at $1,373,000 after buying an additional 1,359 shares during the last quarter. Integrated Wealth Concepts LLC increased its stake in shares of SPDR Gold MiniShares Trust by 86.5% in the 2nd quarter. Integrated Wealth Concepts LLC now owns 25,798 shares of the company’s stock valued at $2,049,000 after buying an additional 11,966 shares during the period. IFP Advisors Inc raised its position in shares of SPDR Gold MiniShares Trust by 4.8% during the second quarter. IFP Advisors Inc now owns 27,158 shares of the company’s stock worth $2,157,000 after acquiring an additional 1,255 shares during the last quarter. Finally, Waverly Advisors LLC raised its position in shares of SPDR Gold MiniShares Trust by 36.4% during the second quarter. Waverly Advisors LLC now owns 25,362 shares of the company’s stock worth $2,014,000 after acquiring an additional 6,764 shares during the last quarter.

SPDR Gold MiniShares Trust Price Performance

Shares of NYSEARCA:GLDM opened at $87.03 on Thursday. SPDR Gold MiniShares Trust has a 1-year low of $71.63 and a 1-year high of $109.74. The business has a 50-day moving average price of $84.33 and a two-hundred day moving average price of $89.06.

Trending Headlines about SPDR Gold MiniShares Trust

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

• Positive Sentiment: Gold-backed ETFs attracted approximately $18 billion in August, according to the World Gold Council, as investors sought protection from growing concerns over global government debt. Continued ETF inflows could provide an important source of support for GLDM. Investors pour $18 billion into gold ETFs in August as sovereign debt concerns grow – WGC report
• Positive Sentiment: UBS said fiscal concerns, elevated inflation, geopolitical uncertainty and strong sovereign demand support maintaining a significant strategic allocation to gold, suggesting pullbacks may attract long-term buyers. Gold is more than a tactical expression of the next Fed decision – UBS
• Positive Sentiment: The People’s Bank of China purchased 20.2 metric tonnes of gold in August, its largest monthly addition since 2023. Ongoing central-bank accumulation reinforces the longer-term demand outlook for gold. China’s central bank buys 20.2 tonnes of gold in August
• Positive Sentiment: Analysts at Société Générale described coordinated demand across physical gold, ETFs, futures and options as evidence of a broad-based bull market. Goldman Sachs also characterized the recent weakness as a pause and said the longer-term uptrend could resume. Société Générale gold demand analysis
• Neutral Sentiment: Gold and silver received additional safe-haven support from Middle East tensions and dollar weakness, while traders awaited U.S. PPI, CPI and the Federal Reserve meeting. These events could produce significant near-term volatility for GLDM. Gold and silver forecast amid Middle East risks
• Negative Sentiment: Rising Treasury yields, higher oil prices and expectations of a possible Fed rate hike have pressured non-yielding precious metals. A stronger-than-expected inflation reading could weigh on gold and GLDM. Gold and silver slip as oil spike keeps Fed-hike trade alive
• Negative Sentiment: Investors should also note that U.S. tax rules generally treat gains from gold ETFs as collectibles, potentially producing a higher tax rate than gains from broad stock ETFs. This may reduce gold’s after-tax appeal for some investors. Gold ETF tax treatment compared with stock ETFs

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.