SBI Securities Co. Ltd. lifted its holdings in shares of SPDR Gold MiniShares Trust (NYSEARCA:GLDM – Free Report) by 4.9% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 545,479 shares of the company’s stock after acquiring an additional 25,593 shares during the period. SPDR Gold MiniShares Trust makes up approximately 1.0% of SBI Securities Co. Ltd.’s investment portfolio, making the stock its 18th largest holding. SBI Securities Co. Ltd. owned 0.14% of SPDR Gold MiniShares Trust worth $44,827,000 as of its most recent SEC filing.
Several other hedge funds have also recently modified their holdings of GLDM. Diversify Advisory Services LLC grew its position in SPDR Gold MiniShares Trust by 31.1% during the 3rd quarter. Diversify Advisory Services LLC now owns 832,066 shares of the company’s stock worth $68,720,000 after purchasing an additional 197,367 shares during the last quarter. Integrated Wealth Concepts LLC raised its holdings in shares of SPDR Gold MiniShares Trust by 86.5% in the second quarter. Integrated Wealth Concepts LLC now owns 25,798 shares of the company’s stock worth $2,049,000 after buying an additional 11,966 shares during the last quarter. Financial Enhancement Group LLC raised its holdings in shares of SPDR Gold MiniShares Trust by 117.8% in the third quarter. Financial Enhancement Group LLC now owns 108,686 shares of the company’s stock worth $8,816,000 after buying an additional 58,787 shares during the last quarter. Farther Finance Advisors LLC raised its holdings in shares of SPDR Gold MiniShares Trust by 64.4% in the third quarter. Farther Finance Advisors LLC now owns 1,188,672 shares of the company’s stock worth $97,685,000 after buying an additional 465,716 shares during the last quarter. Finally, Noble Wealth Partners LLC purchased a new position in shares of SPDR Gold MiniShares Trust in the second quarter worth $1,287,000.
SPDR Gold MiniShares Trust Trading Down 2.6%
NYSEARCA:GLDM opened at $79.66 on Friday. SPDR Gold MiniShares Trust has a 12 month low of $77.50 and a 12 month high of $109.74. The firm has a fifty day simple moving average of $85.29 and a 200-day simple moving average of $86.05.
Trending Headlines about SPDR Gold MiniShares Trust
Here are the key news stories impacting SPDR Gold MiniShares Trust this week:
- Positive Sentiment: Longer term, some fund managers remain bullish on gold, arguing that elevated government debt, currency depreciation and geopolitical instability could eventually drive gold toward substantially higher levels. War in Iran, higher energy prices are only delaying gold’s rally to $5,000
- Positive Sentiment: Renewed retail demand and record sales of precious metals at the Royal Mint, along with elevated ETF holdings, suggest underlying investor interest in gold remains resilient despite near-term volatility. Royal Mint sees record silver and platinum sales
- Neutral Sentiment: Gold is testing major technical support near $4,000-$4,080 per ounce. A stabilization there could help GLDM, while a breakdown would signal additional downside risk. Gold faces geopolitical pressure despite real-yield decline
- Neutral Sentiment: Analysts described the selloff as unusual because it occurred without a corresponding rise in the dollar or bond yields, raising the possibility of forced liquidation, technology-sector weakness or yen-related market intervention. Very bizarre action as gold retraces its summer rally
- Negative Sentiment: Renewed tensions around Iran and the Strait of Hormuz pushed crude oil higher, reviving inflation concerns and expectations that the Federal Reserve may keep monetary policy restrictive or tighten further. Precious metals tumble as Hormuz tensions intensify
- Negative Sentiment: Better-than-expected U.S. jobless claims reinforced the view that the labor market can withstand higher rates, adding pressure to non-yielding assets such as gold and GLDM. Gold prices under pressure as jobless claims fall
- Negative Sentiment: Meta’s increased artificial-intelligence spending contributed to a broader technology-led market selloff and intensified liquidation across precious metals, while continuing Russian gold sales added another source of supply. Gold dives as Meta boosts AI spending
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.
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