Tidal Investments LLC Has $77.74 Million Stake in SPDR Gold MiniShares Trust $GLDM

Tidal Investments LLC boosted its position in SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 1.4% during the second quarter, Holdings Channel reports. The institutional investor owned 978,859 shares of the company’s stock after purchasing an additional 13,146 shares during the quarter. Tidal Investments LLC’s holdings in SPDR Gold MiniShares Trust were worth $77,741,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of GLDM. PNC Financial Services Group Inc. grew its stake in shares of SPDR Gold MiniShares Trust by 288.4% in the first quarter. PNC Financial Services Group Inc. now owns 268 shares of the company’s stock valued at $25,000 after buying an additional 199 shares in the last quarter. Godfrey Financial Associates Inc. acquired a new stake in SPDR Gold MiniShares Trust in the fourth quarter valued at $26,000. HHM Wealth Advisors LLC grew its position in shares of SPDR Gold MiniShares Trust by 236.7% in the 1st quarter. HHM Wealth Advisors LLC now owns 303 shares of the company’s stock valued at $28,000 after acquiring an additional 213 shares during the period. Root Financial Partners LLC grew its position in shares of SPDR Gold MiniShares Trust by 548.2% in the 4th quarter. Root Financial Partners LLC now owns 363 shares of the company’s stock valued at $31,000 after acquiring an additional 307 shares during the period. Finally, Gould Capital LLC increased its stake in shares of SPDR Gold MiniShares Trust by 377.8% during the 3rd quarter. Gould Capital LLC now owns 516 shares of the company’s stock worth $39,000 after purchasing an additional 408 shares during the last quarter.

Key Headlines Impacting 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 Trading Up 0.9%

SPDR Gold MiniShares Trust stock opened at $87.03 on Thursday. SPDR Gold MiniShares Trust has a 52 week low of $71.63 and a 52 week high of $109.74. The stock has a 50-day simple moving average of $84.33 and a 200 day simple moving average of $89.06.

SPDR Gold MiniShares Trust Company 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.