A4 Wealth Advisors LLC purchased a new stake in SPDR Gold MiniShares Trust (NYSEARCA:GLDM – Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 17,212 shares of the company’s stock, valued at approximately $1,316,000. SPDR Gold MiniShares Trust makes up 1.1% of A4 Wealth Advisors LLC’s holdings, making the stock its 27th biggest holding.
A number of other hedge funds have also recently added to or reduced their stakes in GLDM. Deane Retirement Strategies Inc. grew its position in SPDR Gold MiniShares Trust by 126.4% in the third quarter. Deane Retirement Strategies Inc. now owns 335 shares of the company’s stock worth $26,000 after acquiring an additional 187 shares in the last quarter. Mid American Wealth Advisory Group Inc. bought a new stake in SPDR Gold MiniShares Trust in the second quarter worth $31,000. Atlantic Union Bankshares Corp acquired a new position in SPDR Gold MiniShares Trust during the second quarter worth $31,000. Financial Consulate Inc. acquired a new position in SPDR Gold MiniShares Trust during the third quarter worth $34,000. Finally, Family Legacy Financial Solutions LLC bought a new position in SPDR Gold MiniShares Trust during the third quarter valued at about $36,000.
SPDR Gold MiniShares Trust Stock Down 10.1%
Shares of NYSEARCA:GLDM opened at $96.01 on Monday. The business has a 50-day moving average of $88.70 and a two-hundred day moving average of $78.99. SPDR Gold MiniShares Trust has a fifty-two week low of $55.36 and a fifty-two week high of $109.74.
Key SPDR Gold MiniShares Trust News
- Positive Sentiment: J.P. Morgan raised the long-run narrative for gold, forecasting prices could reach $6,300/oz by end-2026 — a signal that large institutional demand expectations (central banks, investors) support multi-year upside for gold and thus GLDM. J.P. Morgan expects gold prices to reach $6,300/oz by end of 2026
- Positive Sentiment: Deutsche Bank reiterated a bullish long-term $6,000/oz target after last week’s correction, underscoring that some major banks view the recent drop as a correction rather than a trend reversal — supportive for long-term GLDM holders. Gold sell-off did not derail Deutsche Bank’s bullish $6,000 target
- Neutral Sentiment: An M&A deal in the mining sector (Eldorado Gold to buy Foran Mining for ~C$3.8B) signals consolidation among miners — relevant for miner equities but less directly impactful on a physical-gold ETF like GLDM. Eldorado Gold to Buy Foran Mining for About C$3.8 Billion
- Neutral Sentiment: Technical/near-term outlooks note support zones after record highs; some analysts call the move a “reset” before a potential next rally — this frames today’s weakness as potentially temporary. Gold Price Forecast – Fed Chair Nomination Triggers Reset Before Next Rally
- Negative Sentiment: Markets are pricing a Warsh-led Fed and less liquidity; that shift — and the stronger dollar — has been cited repeatedly as the main trigger for the sharp sell-off in gold, pressuring GLDM today. Trump’s Fed Pick Is Spooking Markets. Why Stocks, Bitcoin, Gold Are Reacting to Warsh.
- Negative Sentiment: Multiple market reports document a deepening sell-off in gold, silver and mining stocks (spot gold falling sharply below recent highs), which is directly driving GLDM’s decline as investors liquidate metal exposures. Gold, silver and copper sell-off deepens
- Negative Sentiment: Analysts and market commentary warn the Fed-nomination shock could extend the down-leg for commodities and risk assets in the near term — watch jobs data and Fed cues for further moves that may keep pressure on GLDM. How to trade the market spiral as investors dump gold, silver and oil
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.
Further Reading
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